, 1877-03-20

they arc strikin1 bcInw The Secretary, hut TIC
Department generally Il to receive the fmmeti-
atc and desperate attention Of the whole gang.
SUPREME COURT.
IMPORTANT pEcts1oH In AN INSURANCE cAsR.
WAsli1Loros, DC, Aarch 1a.-The following
Supreme Court decisions arc hlel: Doyle ss.
Continental Insurance Company error to tho
Circuit Court Of Wisconsin. In this casc tho
de>!sion In tho case Of tho Home Insurance
Company ve. Moore Is rcaittrmcd, that IN agree
u1ent to nbstatu IN nll ca8cs frpm rcsottln9 to
the Cirrult Courts Of the United ssatca Is void
as against public policy, and TINT statute Of
tho State Of Wisconsin requiring such m agree
mcnt is in conflict with the Constitution ut tho
United States and vold Tho present opinion
also takes tho following ground: The Slate has
tho right to impose conditions Ia tic transaction
Of business within tts territory by m
Insurance company chartered by another statc
II They asc not In conflict with tho Consultation
or lava of tho United gtatos. It may entirely
exclude such companies fr.fn Il. territory, or,
having Eivcn license, may rcvoEo 1t for t1llsc,
| Or without cause. The motive ar thtentfoM Of
TIC statc !. rot npet, to 9, inquiry: Tho company
ness tn such state, anil lcncc its cxcluaIo''
stitiitsoHat right. Tic right Of exclusion he
longs to tho State, anil the n,cans by which It
| act0filplis'teB the result arc hot subjects u
| judicial tnaufry.
Justice Hunt delivered the optnlop. Dissent
Ing Justices, Bradley, awaync. and Miller.
couro ct al. vs. craie & a.; appeal from tho
ClftuIt Court for the Southern District Of II,t-
nois. It Is here considered settled tiatappeuls
Circuit Courts made In the cxcul.c Of their an
9crrisory Jurisdiction uudcr tho bankrupt law.
| Appeal dismissed.
THE CENTENNIAL. rryDs.
I T1,cf all tall,
the arg,,tncn: procecdcd: Gcargc Eysscr. As
slstant-Trcust1rrr Of tho United states at Pitta-
dclphta, VI. Centennial B,arl Of Fiu:.,cc It al.;
Dstlet 81 @ III, M E ths cass q
tho Government to recover the amount of tho
Centennial appropriation. The question to 30
determined tswhcther or not tho United statcsis
yanccd under the MT .oi February. 1S'6, 10 thu
| Centennial Boani Of Finance out Of moneys In
the hands Of the lo.rr1 It being less the amount
trn itG e uao as se a. Il t. a ss
that Congress had m authority under tic Cua.
htttut!on 10 make tho appropriation. anil that
for this rcusoM the money ahould be returned t9
cure priority Of payment 10 the United. statcs
oysr oil oti'cr creditors; that tho e.. q.
construed otltcrwlee that the uutcd Suites
should be pa!d tho full amount Of such appso.
prtation befuru my Dividend whatever s'loult
t,e paM to lilo stoskholacrs Of the Centennial
Boartl Of Finance. That such was thv unrnis~
takablo intentiun Of Congress IL esinrcd by The
act itselt by the proceedings and debates at tho
tlmc the nct was pending, and BY alt OTHER acts
wcTu uiat!c to The capital stock Of tho corpora.
tion by tnAiyilual citizens, by municipalities.
and several States, tn view 81 tho fast Tint Com
sasss ssasiY 9' 81 to'sa en'sa'pss safs and '' tst 1t
such subscriptions were mostly Is
voluntary contributions. and without c1pccta-
tton Of return thefvof from tho reccipts Of tho
Congress; that In the City Of phiaadc!phia u.ld
thc states Of icnnsylsania md New Jersey tho
subscribers TO a greater partition Of tle capital
stosk haye aFty 1eefea o s ahStion
hcnu6t vastly greater than the whole amount OF
their AGGREGATE subscriptions 10 the capittl
stock VI thc Centennial corporation; that A. .ash u
[ vanta1cs 10 be derived from tho location III tho
informal! t!,al Exhibition at Philadelphia, and
that tho subscrffers hare already rect!vca tho
honur anl goal faith fSqufe ttat tho 81, 500 90
appropriated h; Congress shotlitl be returned TO
the Public Treasury In at<onlanco with tho
terms 0i tho act tnnklng the approximation; that
none at thc!r rights; lint It Will carry out the
law Of CunCrchs net.riit. Ia It's letter and
spirit, AMI III justtlc tn all conternea.
On ti.c nurt uf tin }oal1l Of FinEncU It IL con-
was to proyt!u for tito repayment ni tllla appro-
prtlton lcloru the tljvlt'on af rrollt, aud after
Its passage thu funds IN the l,a1a of tho Boartl
ltcean.e tilstEbusnbie In tho following order:
First, iu payment Ut lts creditors; ncc-
oud, redemption Ut cApltat stuck; third,
Repayment 10 thu United Stntcs; fourth.
. | division uf thu remaining assots a!nong tfIu
stoeku,t.lrrs lly pstrrata dividend. Tho e!lcct
was, it Is argued, tn ntlyatlce to the United
Stairs by 1sustWIIng any division ol profits ul,-
til aEtcf repayment Ut thu amount Appropriated,
f.thk IL kkbtN
fart that ts NUS not a sto:k corporation ot'-
thinning subscriptions by hosd.nE ont tnduve-
H,rnta 4s To irgu returns, but simply To sustain
national enterprise, Itcurc, while It might 'a
equitable tu pruvflc for \ repayment hetort the
| alslrlbutiUn ii profits, it would havu teun IN
tho highest degree !,loutahc to tuttcr thu k!ft
, with n rlausn reqnirlny repayment tefose .
distribution Ut gai,itHl. This, It u TO to pre-
suIaed, Congress we'll knGw. AMI appropriate
lAnguaNe llas becn uautl ~ conrcy tlmt lca.
THIS rf0yiso IL simply declaration That alter
capital stock restored to tlio ku!lscr'bers thu
tRitg1 States should then bd rclahl Its s! ,5u9,
GU before tho distribution vi nny profits. Sotll-
InE but q strained rurycrsion OF thu lanGnn1c,
which IL particularly clear, cnn tcal II slflcr'
ent conclusion, Ttc utnt,at taat can a,o tath t3
tbs contrary IL that Cungresa oppears lleftr u
hare sllt,trsci tllat there Wuula ba deficiency
ef curital, aud, therefore, Omitted to psorLiu
for tho event, ant tho answer u this suggestion
is that this cata had already becs, provided fnt
By tls tenth Icetlon OF tho act Ut lb7. and that
tu },F0ylso In tue urt OF l5Id Eelstea sole1F "
profits. -
x>FrfH