, 1870-01-20

WEDNESDAY EyKNIEO, Jan. 49,
We hare been haLded the folio ring biauk form
Of petition, which. It u undezatood, Is being c.1
cularea IN nj the principal towns Of ihe State:
"...............J4n.... .tS1G.
@WheIcas the railways tfnrereng the ato Of
1lurotB dfaW Iio lts cttIeus tor the 1r1usporta'
t:ou Of freight and passengers. large fese 1nes
Iltque1t TO t6e amo1t OF several NIL loaa ID the
taseA u t1rele coDpahiea; and sheteas 1t - Reu.
inc iescs 1os Inc pass lev years hsa peen drrcted
10 /. ep!I tee, ntces Of ready fnLds u SeR
1oik. 10 &c uteo hy cs.1nr: cog bMs1oes ~ apec. C.
ESQ u1 e, IN a any Instances, ths cocanaa'es are
re:rovtug n eats OF Wettern panEcrs 70 Cay 1ucir
efsi1n.,t eIs oi i6e co1c,1y, I'M: slso arslug ibc
reety fucGs cf thi. State Tor that PURPOSE 1hctc2E
c1uklrG q Scarcity OF money here and reFress NJ
t1tur, we. the oLIeIsgtti, c!lx. rs aid efchants
| OF The c1t, OF ~, DO rtqnest our srple~enta-
5;yes the Col etHn lot al Gobyent!on nov Assem-.
! anendnert 10 re conit,tuuon Of tne State WHICH
thall obl &c the IallIpau coz pl1!es chati1fe7 By
the State 10 ktep Ineir ptinct2'1 hu-sceEA cace'.
arG tteu principal Ctlfcts 1cr tee sr5nRferoG VI
tnstr ttoek HOE one owner to another, within the
StAte OF ll1notA" ..-..-. .-
The nrst objections that would bs made to the
foregoing pett,!on by pa1ues WHOSE private inter
sta were opposed to 1t would probably be some
| what as follows: ....
F1rss Tint the s.octbo.ders OF the foAds have
leeat right to keep their oney where they please-
! SecoIc. That tic msios1tJ Of foc stoe1s OF I'LL.
ros railroads Le,nn owned BY EANtern catial:s,',
| the of1ccs for the tranAfer Of s.ocks anouId 10
kent where tney are accessible to the greatest
number OF atockholde1A ...
Third. Tnat tho general policy Of oollgtng the
railroads Of the state TO Keep their ofces for the
transfer Of stocks within the State. A&d not eoc-
where, would prevent the further Investment OF
| EasteEu Capital in railroads. IN tots section.
To the nsst ct these oojectloos 1t may BE- an
sweIed that The petition does not propose legtsl8-
ton upon the right OF Atockheldess TO keep their
NOR ey where they pleaze- It smp,y sets fortE
The t1juy that Is being done to the brheas OF tue
! STATE BY the abute Of The privileges gIau,ed 10
private corporations The acss Of the LeKlaiatote
in chaTterteg theoa conpAnlta were tRIeu with 4
view Of ptoneuug tho interests Of the c,tixeaa Of
the state, uos tho roada hare got into tbs nands
!: OF persons Eho sfe uADg the properly In mAn-
rer that IA inIarlons TO The buti1e inr.4cat1 Of
the State by ctsa1I0G Rn aoloropA drain Of ready
+. funds from the State 10 New York c.ty. In at.
tempting ID suggest TO the StAte Convention .
!. retteoy for tho abuse, the petition has probably
Ipee1ot The poltt where tho aouse begins, for IL
u the ay Of transferring r3ll way stocta
In New fork city th.t mates them srailAhIe tor
gambling pu1poEcs, aud Il Is with the object uf get
org control Of q largo Amount OF ready honda to
, sake Part In The gambling game, tnss Wan
stet peeul1tors are Induced to get control OF tie
ro.ds In order to have the daily rece!p:s Ut rhe
road 1or tte1snt atd ptssecgefs IN tocik nAndA An
app1puuase conception Of the extent TO which
this u rractt.ed nHJ he o3talned from tic fac,
that It u alleged that wh1e the Groas recetpa OF
the Chicago Nortnwesten Ral1oad Company
are fe1kzzded from TINS city 70 New Ic,k epsry
nfeai, to stc sggrsga'e amount Of seseateen
/; uiulors per anruT, tha conpan, horfo "a On IN
artraze 40 PER north ID The Wess to p1y It's
ore7aupR Il pepsee. Tho fRfEe.s A.ocg tan Nil
V1asec / IAczpese Road Mho sotuo leArs ago
ostRaxsa then ia1Ge to b1ud that road and LOST