, 1870-11-27

POOLING " RAILWAY RECEIPTS.

,,,n >o1idat;on of lard in ENGLAND. pnblie
,,,,;r,or here has 1,een 1enient. if not favor
s1la "a tba conso3;,4a.;on of rs;,xaxs hare
81 j, hss sustained the consolidation If land
,hcra m, II ia rocom;r,, ,ret,v c1o,r tb.t
F,o1.ra &c ,,,nncr;zad her,nsa I'm mon
,.rn one.ta,f ,1,e s,;l IT Tho k;nc;1om. II
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:. ,h;s ,.,,,7. ,r,,, ,,,nt;nr., to ,,arr,;, o,o
h,1t ~ ...:,,-.,r ~ .ha .on,tr :, h. |
.o.,,.,,;azt, fo,,- wan
~. 1...~. :....~., =. ~.
.:s s.e.s",:,,.:.~ Ds " ~ -. .usa.. ~ r.as ~ ~
~. - 10
.f'"sa' " 'I' ~ So 4a'~'5 >, '.ues eaff
~ ,,,.E .s,.t, MI"
.'''.;' '"n" ~ t'' tue't es1n'nss w
''4s,",a .,"s'IesS ''e'"'ea 'ns'so Two places.
4'''' ''''"e t1s.n eq.a"s' Ooes ncea
'""' saA' 'bte7Aeae - IL
''"a''"u VI 1ne charters :. ot e@en OF soose
e"'''leA"'es =" wen ~ contrary 70 Inc ao-
se.e@ts VI 'n' l's''.c a"a so1ppe'S'
ie1 " ~ eo'enE interesting as M o1peea-
men', "n'cn' " II "orks 10 'ae sans
'ae's'h o' 'os s"'a%"s otacet"' .sSets naoiy
20 "e aoop'ea ~ tne .nlee saSs M" "e4.
I'M ''nes: 'une'a:: oet"es" e., -. euao auu
s~" '"FS: fep,tsa'E. ssa ~'sa 'ueu ,'onco
t'.as' a," n,'"n 'e,a 4''v I.,eas :.
'*.'''.''"'" :" eap.1A: pn1 - A4. s ns-s ~ wy
!.", - .N ~ ..
- 41'' A"a' a. .uo
's't'
:, ~"o ""' ."A
49, - - N 0$'1 'oA VIC 'eA' ps'
~ ~ 49, ese'K">s
s." - ~ ~ Ao'' VIM e's1sa ~
41A"Ao .AAA -. '4a'4e ~
81, '4 ~ 70 - .Hs ~ "u1ua
" eal'se VI wv i'e.Soos' |anueEoi't Ano
"1s u"u'a. - 1ueuto elennSyl'anla IT'LL
tsA' e"asa Ut 'ue'aoeo tn.tne Pfolect, rae
o. 1sF'Ents an" 1a'es "'sot ne assessed
9nht 3ou'n lo"eF tne 't1ce o1 aa grams In
th'cago duE1ng the winter, By third or
half aud send ruin, prosttatiou, and beg
gary among the farmers OF the West
The entire value Of all land depends
nroE IFS means of access to markets. II
these means OF access are controlled by
monopoly nf two or three individuals, the
effect is the same as it they monopolized
sic land ITSELF
The well-kpown railway builder, S!ept-
enson, long agoresbnrked that, *'WLere COM
liuation is possible, competition il i,npos-
sil1e." He might have added thst, "Com-
petition being impossible, oppression il In
e.tal,Ie."
We believe the time has come when the
State governments and courts. and. if
need he. Congress also, and tie national
courts. nre called on to put forth their
whole poxer to prevent, break up, aud de-
feat The process Of railway consolidation,
whether Of roads, shares, or traffic, which
has now reached greater height than any
financial monopoly ever before attained,
and is controlled BY fewer persons. So
far as the consolidation of two corpora
tions into one is concerned, it
il the accepted doctrine of our courts
throughout the country that this
is wholly Illegal. unless every stockho1de.
consents to il. The same grounds of want
of powes which forbid this form of con.
so'idation would, it thoroughly applied,
forbid partnerships between either con.
tinuous OF co,npc,iue lines in their general
tat}ic. When these guast consultations
we're first attemptcd. as in the case OF The
New York ( New uaren Railroad Cou.
rsny with the New Haven l. Hartford
c.,r,rary, they were decided 10 be ralaw.
FIJI, au.;. uercssa.ily. in violation ol
t.cn ariies "a common carriers tr
carry for ali who offer freight. nj ,hcj,