The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-07-26
Delinquent Railroad Taxes in Missouri To Bs
EXaried.
CAMDEN AND AMB1Y,

'Tnc naIlrOuu Lease IN me Ceurt GI Cnunrefy-
sharp i.eani Eencjno-To Re or Not To Re.
The scene in the New Jersey Court OF Chancery at
Trenton yesterday recalled the good old time when
many OF jerseys eminent sons achieved forensic
trlumphs OF which the little State feels Justly proud.
For many III the Court there was more OF curl
oslty than OF deep interest but for many more
the laundering defamation OF the legal orators
sounded ike funeral Orations over old Camden ana
Amboy. To more than one in that court the scene
suggested comparison with the last session OF the
Irish Parliament, when Grattan electrified his
hearers by the announcement that he was
LOOKING INTO HIS CoUNTRY's GRAVE
Pennsylvania has It's Tom Scott, or as one Of the
orators expressed II, its William Pitt. and Pitt,
having set a covetous eye upon Camden and Amboy,
has Castlereagh. who Will accomplish he work.
Against these agents. including John +. Stockton,
United States Senator; Cortland Parker, ex-Chan.
cellor williamson. scudder, yanatta and Green,
there stood ex-Altorney General Browning, with his
old black cravat, older than
THE DAYS OF CLAY AND WEBSTER,
his massive watch cham and heavy set of seals sug-
costing the inevitable 'turnIp'' timepece, and his
toW ensemble. save the knee breeches the
vERIrABLE TYPE OF OLD JERSEY,
the fitting mou hpece OF the generation that nursed
and reared Camden and Amboy, ana VINO still stood
by It even IN its last hours. Browning looked
VelltaDle CnD OF tne Ola DOCk, one
OF the last links OF the Past. No could be more
appropriately selected to give expression to the
feelings OF the OLD stockholders and to pronounce
the panegyric OF The Camden and Amboy monopoly
All his arguments and his defamation seemed MOTH
ing more tGau q
PROTEST AGAINST THE "UNtoN,n
against the destruction OF the autonomy OF
weaker uu mower bv the stronger Arguments of
right against might. with HIN were associated
Judge Black and MesSrS. Bradford ana Cannon.
4
the separate answer Of George richards, director
Of the Camden and Amboy.
After some debating between counsel as to the
order III which the complaints and answers should
proceed the Chancellor announced that he was pre-
pared to hear arguments tile motion for an Junc.
ton 10 restrain the defendants from executing the
lease Mr. ScudJer then proceeded to read the
answer the read ng OF the bill OF complaint having
been dispensed with, and occupied the attention or
the court for an hour anu twenty minutes. lie
that great outlays were necessary for wharves,
docks and buildings. and the defendants were sub
Ieced to such nerce competition with existing
roads, that unless iney were permitted to lease the
road they could not longer carry on their business
to advantage and with profit 10 the stock.
holders. The business would go TO other
roads, and to prevent this they proposed
permanent lessee The answer denied the
the stock, and submitted that lt was not right To
obstruct the making OF the lease and that alter the
lease snould be made they the direciors) wJuid he
better able to per their duties to the stocknold-
ers The answer denied that the pennsy lvania
Central Railroad was q corporation con.
time had come when there should be
one great system OF communication from the ATTAIN
panies were united and though the river Delaware
separated the States, yet thai did not destroy the
identity as there was cona r winch male tne
0 oSsen over s sa,e a wds thy ~
two conpanies. The united companies and
Pnilade phla railroad companies were owners of
nearly all the stock OF the Delaware Bridge Com
pany. Tie connection set fOrth was passed by
continuous run OF road from Jersey CITY to Pitts
burg. 1t was true different locomotives were used,
but the same cars went over the whole
distance The established and continu-
m mai by the Clues ana villages On the route,
and the traffic over the Delaware to the Walnut
street W arr was but connection between e two
roa,is while even the Delaware and Rarican Canal
Company were connected with the Philadelphia
road. The lease question HAD occupied the atten-
panies, who concluded that they had the
right, with the consent OF two.thirds OF the
sylvsuia Central RaiiroaI Company had right to
accepG lease, and the answer denied that there
was combination 10 ailece thc lease. Inc answer
rs 100 owned out OF the state These weie the
potent anu coSent reasons advanced outside the
view Of the lellsation which, It was alleged, did
II prevent the lease.
Attorney General Gilchrist then read a separate
answer on behalf Of George Richards. He submitted
to the Court whether the lease could be effected
without The consent OF all pa,ties concerned. He
also submitted whether any state law authorizing
the taxing OF such lease without the consent Of ali
Interested rs Jaw imparlng the obligations OF any
CONTRACT between the stockholders themse YES or be-
tween the lessor ana tue lessee, In violation Of the
constitutions OF this stale, OF pennsylvania and OF
the United states Also, II the lessee had right
take the lease. had he right To take against the
Will OF the owner thereof the stock VI its non
asserting stockholders and the interest OF lts said
partners f amy, 50 ~ 10 prevent all dissent as to
ihe taking OF such lease Also whether, until such
lawful taking Of such stock or Interest, said lease
eau be taken by sucn lessee without tue consent OF
all It's stockholders. The rights and powers OF the
lessee shodid be fuiy asceriained
The Chancellor asked II any other defendant
wished 10 be heard, out received no reply.
MI. browning said the case involved so much and
the oppo ION had delayed filing their answer until
the last minute that 10 was absolutely necessary
Tor Justice TO be done that delay for that short
time was only right. There WAS capital of
Sso 90 900, the representation OF which 10 was pro-
posed TO lease for y9J years Thcy did not ask To
dela, the Court and only sought a short time
piy 10 the answer intelligenty.
The Chancellor then Dourned the hearing OF the
arguments TIL next wednesday.