The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-06-30

stant to the 9Th of July, by order of q
chairman Of some committee, and all sssents
10 the lease are to be on the stock as held at
the time the books are closed. Thisis dureSs
with vengeance. No one can sell through
broker without signing, and if he sells without
q brokers' agency he must sign before he can
make a transfer of his stock. A greater out
rage can hardly be imagined. A New York
brokers' board will not SO prostitute itself,
and no New York corporation, however un-
scrupulous would put such conditions and
restraints on the legitimate dealings in its
capital.
Nor is this all. We have referred to the
judicial redress which some parties inte-
rested are seeking in New Jersey. The Pub
lie Ledger, of Philadelphia one of the lease
moDgering organs, on this head says, and we
regret to see the Newark Daily Advertiser
adopt the suggestion
'Eyen if the court should grant the Injunction,
which is probematica is altogether probable that
the next Legislature will perfect any defect that
may be necessary to carry out its own law, drawn
up, as we have been informed by Judge Bradley,
and drawn up and passed too, is said for the very
purpose Of effectlng the proposed lease"
Unfavorable as is the judgment we have
been compelled to form of Mr.. Justice Brad
ley, we have never SO far disparaged him as
thus do his protesting friends. If the statute
which be drew had reference to this lease
why did he not say so? There is form of
words familiar to every Newark conveyancer
which would have attained this end, and yet
this was studiously avoided and aphraseology
used not unlike that as to the building of the
old Capitol at Albany to which Governor
Hoffman alluded the other day, or Mr.. Thad-
deus Stevens charter of the Bank of the
United States (a6Sit Omen), under the title of
San act to repeal the State taxes and for
other purposes" Judge Bradley's act reads
thus
''Be 20 enacted, etc. That 1t shall and may be law
fu for the said United Companies, by and with the
consent OF two thirds in interest Of the stockholders
of each, expressed in writing and duly authenu-
Gated by affidavit, and 1led in the office OF the
capital STOCK TO consolidate with any other rail-
road or canal company or companies, in this State
or otherwise, with which they are or may be identi
fed in interest, or whose works shall form, with
their own, continuous or connected lines, or TO
make such other arrangements for connections or
consolidation OF business with any such companies,
by agreemen Mt, contract, lease, otherwise as to
the directors of the said United Companies may
seem eXpedient, etc."
Now if in 1870 Mr.. Bradley meant what is
imputed to him-this very lease to this very
ompany--why, we repeat, did he not say SO,
instead of wrapping up his meaning in this
mass of clumsy verbiage? If, having this in
view, he purposely devised mysterious form
of phrase in order to mislead the Legislature
and sacrifice the companies to which he was
bound by SO many ties of gratitude, then we
do not hesitate to say with emphasis that he
is worthy to be colleague of the other cor
poration solicitor who thinks Congressional
| legal-tenders constitutional. The whole thing
is simply scandalous, and being so brazen
shows the desperate straits, the lawless pas
sion to be gratifed at any cost, of the Sir
Mulberry Hawk of Pennsylvania
New Jersey, after all, is most interested.
| Philadelphia is, we are glad to see, start
ing in her sleep. The spectre of Har-
sinus Cove shakes its warning finger
across the Delaware. The city fathers
begin to see that they subscribed millions to
build up Jersey City, and one of their own
newspapers says with bitter mockery:-
''The action Of City Councils in this matter
Thursday last looks very much like locking the door
| after the horse is stolen. The managers the
| Pennsylvania Railroad Company have concluded
their part OF the contract, and the officers di-
rected to execute the papers as prepared, behind
which it does not seem to very clear how the City
directors in the company can CO."