The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-07
YORK HERALD WEDNESDAY JANUARY T.

railroad companies 70 OBJECTS other shaa those or
when they we're incorporated. ana the use o. these
pr SSs s should . MADE crimes pSisssSis 81
prisOnment Its : Feproach % our criminal lurik
Stealing WSiss there srs others
t tar own bsnsas sacrnced the properly q con.
nding shareholders. many OF whOm are women
~ = ns % IN % On
| proceeds Of these enormous iarceniea
our ssssusss IN regard 70 the e~ssszI ,sT q
Srsced in them. the dsnnition Of the crimes ana
oesrs snd aerysnss are not in
statute Of embellishments: and 7 Is douptIu
Of pUOs While the status
the acts Of puOiic orncers ana provides
iSamena Of imprisonme FOR year IN pS the
county jan and . nne or $3.50. There is nothing
the abuse Of nduciary trusts. Little Is needed now
on the score OF e nrm and unspartng administr q
Ua Dad S III rnssse smpoyes q Tie STATE
and che managers and directors OF corporations,
public and private, until the conversion to their
own use OF the moneys c0nfded TO tnem. or the
diversion OF such moneys from their proper objects
| 10 more severely punished. WI. ..g1.li.
lent or improvidsnt management Of railroad com.
panies are the inhabitants OF many towns which
have been e tSoss to TIE q
ply Ior u. Inese suDscrptions VIZ, IN en proos.
pity IN some instances % total loss, when must
on vi
| cured. The bonds already issued BY authority OF
to me 70 os dae % the inSabitants q our toWns
who are soliclted and often successfully, TO sub
scribe TO the stock oItAesc companies BY saneuine
| ducrveness that al laws authorizing such sub
scrlptlons should De repealed; u, 49,.
o. the ssoes board n II the CITY Of new
York are IN railroad stocks and bonds; and the
enormous speculaticnss Or which they iutnise the
material nave contrtbuted largely to the oerange-
ment Of the Legitimate business Of the, country.
The practice by banks, which has 70 some extent
there were no deposlts 70 meet them, has aggra-
waited the eyu by giving TO particular individuals
gambling. The practice should = be arrested By
making u q penai Snsnce aor any omGer o. "a z
bang to certify check unless the drawer o. the
Under former statutes framed to RESTRAIN lock
loo0ing contracts e sell Or transfer at lnture
o. the party 80 contractng at the time q The con.
tract. were declared 70 be absolutely Void These
were revived, rs has been suggested, they would
PROBABLY pe 80 eenerally evaoed - 70 be lnoper.
they might not be successfully applied to the traio
~ golq wMcn mas led 70 specuatlons OF the most
perncious cnalacter, ana YhiCh may De source
o. SERIOUS emDaIrassmont II the IeGer& govern
! ment shall adopt measures TO resume specie pay
ments. $3.50 rl Nv. Ii III E9MF eraw os1a
IA eats LHGIsLATI0N. .n,rlur et1 on
one OF the greatest evils OF our Legislation 10 the
carelessness and want Of consideration with which
bills are framed and passed, especially near the
cannot give to each bill the care and elaboration
due 70 every enactment Of law: During the ten
days preceding the close OF the last session 362
bills were sent to the Executive Chamber for ap-
provai. Some or them were so imperfectly framed
statute book, some were Of doubtful meaning. 9th
ers were ID dIect VIOLATION OF the constitution.
while the purpose OF many could be attained
under existing general avs The Adjournment Of
the Legisatule rendered II impossible for the Ex
He was, therefore, constrained to withhold from
them his approval, without being able to confer
with the houses In which they originated and
they were Deposited In the ONCE OF the Secretary
Of state, with statement in nearly all cases OF
the grounds o. his action. n, a gsltL ~ M a.
nousss ne Was thes. ss
were Of private Or local and only 134 OF strictly
public nature Although many Of the former were
unnecessary, as there were general laws under
which their objects could have been substan italy
| accomplished, they received the approval OF the
bills to the houses ~ which they originated with
ont tne most substantial objections; nevertheless
desire TO be in accord with the two houses on mat
tiers OF legislation. to withhold his approval rom
147 OF The bills sent to him.
De formed under general laws put shall not be cre-
ated by special act except for municipal purposes
ature, the objects OF the corporation cannot be at
tanned under general laws:
Tne RESTRICTION contained IN the last part OF this
provision mas not been IN all cases respected; Tor
II Is wei known tnat cDarters ale frequently sought
ano OBTAINED oy inoivldnais oesrous OF being as
e0clated i0r private purposes, not because there
ls an diMcuiy n enectlng tneir OBJECT unoer
existing laws ou: because special act OF the Legs-
azure u az attaching 10 sucn ASSOCIATIONS
nie1ei PuDnc SUMMATION, even When conlerrlng
no aooluOnai privueRes or powers. Inc Legisia-
ture, ~ yleioing 70 sucn applications, under
nssurai oeslIe on Inc part OF the members 10
gIauy tne Misnes OF tnelr constltuents mas dis-
rega!oea q resurrection which was intended ~ the
CONSTITUTION as RESTRAINT upon unnecessary iegis'
lauon. ....'. --''''.'.t' :
Tour attenuoh ID tespect uily sand earnestly In
vOkeo 70 tnls suDJect. win the assurance pat
m1cn OF your valuable time may be saved, and that
you may avolo tne hardship Oh transacting pubic
ousiness ~ your own expense. iHaa.
l. THE SUPPLY BILL.
a. sCt snnuany passea makng appIopIiauons
LOT CERTAIN expenses OF government, and supplying
uenSiencies IA ioImer appIoprauons," was orig
L LILLY wnae is utie Imports, an act 70 supply
oonC,snCles N PIecelmg approprlau0ns, ana
S cove1eo TWO OF tnTee pages Oh tne statute
t vUOk. Lsss year covered o. pages, ana Dy iar