, 1873-10-22
Arbitrary Freigllt.Tarins Imprattlcahle-~
Tho Action Of Congress &ot
Wanted.
The Law Of Composition Must Be tho
starting-Point Of Legislation.
Speech Of Col. II. P. Morgan, Jr', as
- Danyers, Mclean County, 1u.3
Oct. 2tt ,.,


:yers from carrying out their plans for holding
thoir meeting In tho open air. It waB deemed'
therefore, advisable, and greatly for tie COM
fort OF all preBent, to hold tho meeting III the
Presbyterian Church, which TREY kindly Of
fered for tho purpose. Tho Rov. e. w.
Aliuicr, Of MINER, opened tho meeting with
prayer, asking IN earnest words the
blessings Of Providence ppou tho labors Of a'l
those engaged III this work Of reform. Inc
Danvers ueo Club then sang adag with great
effect, tho churus Of which was, "We are dt"n
on tho railroad-meu WHO tight against tue !aw;.
aftor which tie President VI the meeting, Mr-"
J. D. Phillips, introduced Col. Il. =. Morgan,
Jr., of Bloomington, WHO spoke ~ follows:
COL MURGANS 6tEE0A.
Fktlotc-C -Ct{jztnS VI I.titsu,B9 ~
Un the i7th Vt Last mouth, had the honor 70 I'd"
dress nla4s-1ueenng Of our fcaow,ciuzeis a. oay.
BROCK aud On the ii 0f this mouth parieil@tea W
Lexington in another r9s and enthusiastic ueet1ng.
9uuti omen for tho ot reform, III WHICH w ato
t,s ad tha ueoplo aro zraos LII t4s work. aud tn4s
wtnuot calling on auy 1erHon to lu4d them, they afo
sav.,,,rtuo in soljd cuiulnus 10 give battio.
TtleF trm discrimination 70 correct tue eY1s CON- o.
plauod Of II sur at, though thu power they hass
overcome 10 great 1eyond 81 pfscsdi ~ 9Th i" I'm ro
lo.siouai poluciAns havo 10 iong noo .a .na 1onsa
Tic agtncy Of corsupl conbln.'ons' s9nsS' 'n4"e''
ssf - Ss sut uaYs use thoroughly dond, and we
Are fruo 10 .-.,m
and without tho un u.l1nAule artisanship Of ths
,lst few yearp It viii up fuu 10 anticipate sutu GULL
sts RETURN Of abuses, and re'ief fro tne escan,
inu,1u Of the luonopU.tBl* aud the 1A1tss toA''4~
III w Ar0 i'll duty bUund 10 cla1m aho eAloFce; x,o
We arc we'll nwurs uf the reiucnncs wlth WHICH mcn
M x,,n nre 10 Lurdeneo by tAv evils osed upon
tuuul ,lttow Asito their party prejudces aha ul.a ~
common eto1s to rsto,m M 1as ss1sg rssraJ aJu'''
Btuco tho uecleou 6f htr sopEeMg ooE ~ ~. G Snmt
nd mn, warrantp in tAt Ae4n tl[Ea1t tpa1s
|
nx auG iho widespread aiid genstHl discussion of iae
uusattuu4 10 furrluy prollotcd ny lns aAsotAntS ~
Ii,1 a rawsy 1nspaxsrs II tic county tht tney can
cA.rxo Understandable and e1oftiouato sAtsa ~ ,h.v
transportation Of personn or lsopsn.y mi or III.
iv,,i,.mls nY aucn rates, Tnese discusstuns nayo
called ulo aention the f4ct tuat by ne - sa'5Ins a.s
rules of Idul,uou inv, railroad conpauedt Ike III
coluuu car11efa, are prohibited from ex4orIloA OF ~
Just uiscznlnatiou; bur, though thu rasTona e9nss
ur4sis uur wholly discontinued their un1a1t ds. H.
uri11a ions They cuilu THAT lucy urver I'LL ana ~
lvt nov, cx.ovt or discriminate unjusuJ III HELL
1NcoMrLErE LEGAL PROTECTION
afforded to tho leopie W tue conn'u MW 10 ptvao -.
iar.c TO- l.ays ecncraiy come to clear coprc.sn-
sIou II tllsit rtgIts III s regard These are 10 H.
peoplp that further discussion tusu ponts can 10
IT little practical use. Il u also luAy WILL Rnuna
hut EMU nous utAuunta OF nominal capital wa~fe0
stock" which represents acnutty no:"0, and wh!ch =
many II not III lost cascs, Aas beon ftaudusht1y ~
1t e Il ho ns %ns
owsase !, ,rpey s9'9 po,ssss sssFs sFs
dsnlal.is upon the capita mutually invested tut a!so
| tnut they may receivu diydsnts upon. xnd create
market value for, tnetr Negiunate stocknd thus 1t
is that The existence Ut this hctit1ous STOCK aud tho
imposition Vi rates such will en4no dviuonds 10 70
maia uuon it, impose upon tho puuIic perLotual bur-
deus, without my corresponding elu4yalont;
What IL ueeded anu 70 wsn aisousslon su snouid
/ {au ftt11
| evils complained Ut. that Will
control railruauy aIrsady b,N, both u tner charges
aud their cquul accommodation TO tbs public, und
i thcreby 10 capital honeztly invested 1uat and
even liberal profits sud keep III proper rcAlons 10
sn1 as sr.ady Been sa a the existing rules of tho
common law hx the dues of rsrvaas auq pT9scs
rules e1tostions aud unjust determinations aro pro-
huel and may DO Iunshed ~ ~ H. 1,sus of ao
20 much with the law regulating tueAs suDjects ~
with the imperfect reuled.s furnished by the law to
An individual, for instance, ia charged by railroad
company oxtort1on"se ra.o for Certain servce tne
lazy gyea him remsIy for tnat wrong; h. my 10
self und hs nosgnborinB risnl III business, tne aW
al gives him remedy to that, that wrons; but Ut
rocover buck thu excessive charge Of for t1e dam:
ages occasioued by tho discrimination. WIG ct oi
dess oPs o NO ah9w n2scen uy Ill WET
Afford for the sake Of recovering some sman sum e1-
@ e Or Il
don with one Of these poworfl railroad corposation
and for oejoct ona 50 busss
ho uo Of nuy railroad aford 70 lucr 10 hoatl-
y Of is inageEs md L.s rsk ~, wole , 0nslnSss
Of cyrry one Of you that wrongs such ~ those Just
mentianed ara daily submitted to for tho rcasons
| pnAurluA1 IMMUNITY OF RAILROADS.
from the consequences Of violated s%, Which, Which more ore
~, Gs aesns. nS an moss so a
iio tho unjust burdens untrr which VIC groan.
;Sssgs g N q each us Ti h.ans ns9s y.
sno'ants to III enormous toal aul hence the necess,ty
method which shal givg more Of .9mPt md
md SO of he owl Of hstitous stock .lready
Doubtless such stock ,n'glt 10 declared void by the
] GS tasts properly presented. Th!s. III In
ssunccat has been done; but vt ~ many moIe cases M
1aep o Upon hs shoulders
paIi!o remain auG}sct e Tue .1torionatee charge.
| required to nuke dividends upou Buch ntock.
sideration Of tic, QUESTION, What remedies c4n u,
Is not possible IN tho compass tlis address TO sug
gcst IN detail tho Legislation required for our rehe
but sases % ~ taS sGeS1 y sa nas yews
your consideration, which trnat may commend tAe
selves 10 your Judgment "a likely to aid IN Tho so'o
| THE anEAr PROBLEM DEF0nK Us.
Whenever lvg.intton IL attempted 10 regulate ant
=: % a''oa a9 ot }h YestS rg. .t
impaisinB the Obligation Ut contracts !" tna cntlr
lot up tut ssGry snxtss .na fG p
Stale, aud tAat ho corporation IL no longer snhlst
10 legal central III rerlvc to thu corlNrate lower
grausei by tue chastsr. How faF tls s1aia, m1}
mar Gs sa.oly assumed tlIas .he law e.!s'iM!
VI Tho timo i charter is granted, regulating ~
exercise OF corporate franr4scs np prescribing co!
Iorate eucs, a1o ~ much part Ut tho charter - y
ncy were written in H. T1is tsas Of a other son u
irn:e, II you give noto by which you r1omlse "
ray COO With Interest, the law wr't,s IN hs IT, ..
existing ysn a., e mot not" W. svs ~ ef hess
cornoruto franchises, the oblgsrns imposed oy AN
s~han thnv Ira urIutud becvMp . la1t 1t the cAarcl