The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-03-31
DEBTS IN PENNSYLVANIA.
From the ~ Y. World.

From the ". y World.
Like the Apostle of the Gontiles, the Public
Ledger of Philadelphia seems to have hard
time of it at its Ephesus. Alone it fights the
battle of honesty and law against doubtful
and delinquent corporatlons-a common
wealth that at least hesitates as to its plain
duty of integrity-aud without the counte-
nance and cooperation of a single organ of
public opinion. 1t has contended from the
beginning that since the Supreme Court of
the United States has settled the law, every
debtor, individual or corporate, is bound by
that law and must meet its obligations
accordingly 1t has, furthermore, fully re-
pudiated the idea that the infusion of new
blood into the court of last resort would
change the law. Nay, it went further, and
when neighboring corporation proposed
sort of speculative discharge of its debts, the
Ledger denounced it, and, departing from its
usual impersonal habit, called public atten-
tion, without naming him, to judge of the
State Supreme Court who was party to the
discreditable arrangement The effect of this
apparently was that the parties were made
ashamed of what they were about, and the
corporation, judge and all, gave up the
scheme. In all this the Ledger had not the
support, as we have said, of single news
paper in Philadelphia; ard from one, and
that according to the Philadelphia scale, a
leading one, it has had active opposition
We said the other day - prematurely,
as it now seems - that the cavils of
Forney's Press on this subject had ceased,
and that, having done all the harm it
| possibly could to Judge Strong, it would not
meddle with Judge Bradley. Far is this
| from being the case. Every day since the
confirmation of this distinguished gentleman
has this SANDER been repeated, and in the
| paper of the oath the assertion is made that
Mr.. Bradley ''hastened' to Washington in
| order to do his share of the dirty work, fol
which the Press thinks him eminently fitted.
| This and the evident absence of support
| which the Public Ledger is receiving at home
has led it again to speak out boldly in behalf
of honesty and law After publishing very
earnest communication on the ject the
Ledger puts a question, in the answer to
which many New York and European capi
talist has a deep interest. We therefore re
peat it,
"we commend the foregoing very able article OF
this highly important Judgment to all States cities
| companies and individuals that may hope to evad
the consequences which this decision carries with II
| and advise them to ponder carefully what our cor
| respondent says. They will consult true wisdom b.
at once setting about the necessary preparations
| meet the requirements Of the law as eXpounded b
| the Supreme Court In this connection we here re
| peat the question several times asked SIN wha
Kind OF money do the Pennsylvania Railroad Com
pany, the Reading Railroad Company, the Phlade
phia and Erie Railroad Company, the camden an
Amboy Railroad Company, the North Pennsylvani
and the Morris Canal Company intend to pay tn
interest due on their respective bonds on the 1st
April?"
The 1st of April will be trying day fo
loyal Philadelphia and its SUPERFICIAL corpors
tions. We have no fear as to New JERSEY