, 1876-05-01

witch eounse, a.y I. forbidden BY Tbs Constitution q
tbs Btate thus rendering the AK aaaeassd sgsins u
void. That Company Z insotveut and h The handa Or
saas os e ey x NJ -! ,aa nj H.
nosrl Of Rqnsiss.on asseseed ths capital stock and
s,sa 81. tha: .s:s.slns pispsi'y sSes p.,. but
saa ,s y 4 Many9e,s8 beyond IL running s'p'n''t The
TINE SOUNDS prAusrn1x,
hnt it 4 nothing moro oonceda tot thA pfnsent that
no n.ssss ssius or j. un"s.slo tsyo W..
property, vhloh inc III oihsr property Of individuals
frsehi'e which u not destroyed BY tho circumstance
tS sevs vses IT, i
holder. Of # attach no value 10 ihls frsnchto7 Ale
70 es. .aa e
pay something mors Than tle u1cEe value Of tho per-
.Sn .Sn,l Rsopsy sf .ns 1se ns aepo a. 9rouna
syeT. eeu these separately, Or apart from the
liz bonabod.rs I'll Il. these tlinas aner ihsl mort.
gags At suction. a. 1nan would seu town fota aud
t. too easr e oscaps iss ii bocsss
IN tho Of tho railroad shsre n attached 70 su ths
~ I'D ". ssss dass. n y l.
ner which adds Immensely TO IL vAluo wien con.il.
pe1zonal p1opsr.y Dy Virtue Of Til. privilege firm
cn,ss this il II segregated Into unit we'll adspo 70
make money by ts u.s IN that way, With chartered
Il il tbs franchise which the Legislature Of Illinois
II 10 IT,
which holds may 1e 10 utterly bankrupt that must
neteslnIty Iass from II Into other hands. II those
hands, diseftarAescd Of its overweight OF debt who
ssll say That iii worth 81 900 Ooo and who shall
nay that auch il not the real valus Of this fran
chlso5
Tho Court ovortu,od tho objection that per-
sonal property haa local Bitus aud Is only
any Slate may alter or abolish. Tho Court con-
ttnucs:
IT IS FURTHER OBJECTED
that tho railroad track capital stock aud frachiao q
not aase*sc In each county where 1t lies according to
Il. t5 Il eo3 ~ es
ecs taxes according 70 tbs length Of tho trsck within
This il is said work. nju.s,ce both to tho eounses
and 10 the companies. 70 tha counties aud cities, BY
deyrivng them Of tie beuoat OF shs value as bagis
H.
TO The taxation Of he counties and torns varying
sy " " IL @
valuation Of other and similar property. Out,
- we haye, already said, = ra!lsosd must
un The H. road M l. but
Track from and Of to tho other, aud except IN
=. whole. Zach ecnnty through which 4 ps.ss. a.
AZ sesaat Mt9e4 tno'o t,h; y. ienI n - ia.t-ns
nmtea rAet os !ylnR Hssain ~ % y
~ nuy tneahs TOW mnGa u u hs .a .sash Wn a ~ IL
tstor county - 10 c ~ ~ - no,I.i ~ ~ ~
n,1, ~ rsnisrad IL oct n.,on I'm ynluo of The re-
mniuer of tbe road is out OF all proportion to tho
narn aj vsluo of tho Dsrt Of It estroyod sitn}lar
effect On sns value Of tho naror Of tho road would
follow Tho destruction Of that and OF tho road lying In
Chcsuo nr aono othcr plAco whore ia lsrQeat LrtIc
cenfres Il nav we'll b doubted whcther any bettcr
ne OF determining The yslue of that portion Of tie
trsck within any onn COUNTY has been doyjsod sn to
ssrcrtan the ysIuc Of the Whole rosd and npporton
tho yaI,Is within hs county by its relative length 10
~. .hni, -
~, .,.s ,,,a,t,,,, t,,a4 4ha ,.r ro,r,ras Rail.
~ tuo opJeo'lon snAt su' ~" leq"AA 90 "o4'-
road Companies to turntah schedules OF prop
| r ,ra . v,lr.t1,n anil ,},tt tt,c Atata Iloa RI
OILY aup '.'1' 4nu .~> w .1o.
tlon incfeaaea these oeElnhtea OF value, Ssnuer-
| ing tho whole eseessr1eut void. tho Court said