, 1870-05-21

measure which it ia iutimated, il to b intro
duccd in Congress- Several Now York pa.iers
intimate that this, like other similar rumors,
WAS invented IN the interest Of Wan street
rreculAtors. Congress- IL not in the moai to
consider financial questions on which Ill tho
buelntnn interests OF tho country are 30 seusi-
TIVE, and the diAorganized at1te Of opinion in
Congress is an Argument agaipHt any thing be-
ing aone even IN case new bin were intro
duced II is however eight Weeks yet before
Congress will adjourn, and Until then va may
expect rumors and continued agitation Of these
schemes to influence the markets, II for no
other purpose.
We give below soIne extracts from a lengthy
article in the New York Financial Chr .icte
to show that intelligent criticism in other parts
Of the country is extremely favorable to the
work recently accomplished by our State Con-
vention In applying the entering wedge TO the
great reform IN railway management which it
is uneafe for tho busineBs interests of This or
any other State to defer any longer. Tho
Chronicle R1ye:
"From the proceedings Of the Illinois coustitn-
tional Convention, It would appear that tie sub
ject OF railroad management Is beginning TO rc-
ceise IN The West the attention It deserves, The
temptations to f1Auh On tae part Of railway Dtreo-
tors are now enormous, and tht checks upon them
ste tHnins For instance, secret compact =
connecting roads. by which one Is sold Or leased
TO the other AT an enormous price: the Directors
n by e e. ons
Hn,,,ah ~ rnr..a., xhIsS " - ~ 49, az v.r. ~
4ha Etocss AMI c1ozn thsit snecn;atious
In the mafxet viii larre profits 81,
. secret arrangement Is male for IN unusual
suck dividend out Of psotts which have been care.
1uliy concealed from the public, and even denied
. ~ VIs y ese o.ncets u .ne ao' a9 .1s ~,
i,ni s1,1,. NJ ~, siranca !, ~ nu,' In
inanT such .ustanc.s the value uf ths!r oSu p.o1-
city has been depressed By the secret compac,s II
thc ,iirrc,oIs, who bold i il trust. OF lunmense
| issues Of new sharcs have been privately sold 70
ah unsuspecung rthtc; and *nen tne e1pnsnLe ae
1ns,s, G M s.E n aa ~ .a,l. aa ny
,nh.n 1heGseISp9 w,b ~ tnos NJ " ihns. 1ev
ny,.tcnded to represent
"Ihe one condition Of success IN such ntrigues
Is sec,rJ. Secure to The public at large the or
loI3unlly OF khe"laS III lin. ~ ulsssef IN kanM
u the value anu nsospec.s .! ~ OWN ssoek an,
a'na a1S oseupa''on VI VIC epeS1'~|'0 ol4os~"' u
! s'T1 Th.-a -o ,+o,,,h,v plentv nj hns;nass man
u,,n ~. -. thar h,ve m ieraonaI intarest II
tha rnForyn IN r.;1uar mxnacement. int wher
are.t nuTnhers ~ tha 1aperulatin0 Drector
eeiass can .ccnn,,a,a from one to ian millious
~ mnnnv n faw yaars and do il withou
ever engaging in anv reguIar business enter
nt;se, effher a. trader. mauufacture1 or p1o
| ducer. in ehnrt, neyer add q dollars worth o
ys1ns fn tia stnck of wealth in the world. it i
cy;i]art thai thny do ii At the expense OF PEG
. MA Who t3o nroduco this wealth
In the 1nnnay marlet the most pruu,inen
featuren cont1nue to be such a. arc Incident /
the revival Of the Increment Of produce vhic
; hae been expe1ieuceSl this week. Compa,in
tlo shipments Of currency from this city /
the country since the beginning of the wee1
we find they ere at least tire tinea what the
were We in lie eorTespondins ~ timo last week. II