The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-05-09

a,snnfes, Cold and silver are as ne cessarY |
ID the coin circulation or tie laud as are
rich men and poor men to society foeF
are mutual helps to one another and indls- |
pensable TO d healthy condition q com
u1erce. $3.50 .s.4r h: n. b
That wonderful California Constitution
Az the new Constitution Of California
seems 10 hge been ratified, and as it has
been very much denounced, we give some
Of Its provisions
No Cbinese can vote. For the purpose
OF voting no person shall be deemed 10 nave 4.
gained or lost 4 residence by reason, oi MS
presence or absence while employed II. 10 inc 3
service OF the United States, Dor WINE: en-.
gagged in the navigation OF the waters OF
'.1is state. or OF the United States, of the
high seas; nor while asttidenf at any semi
parry OF learning nor while, Kept at any
alu1shouse or other asylum at public ex-
pense; nor while confined in any public
~ STOCK spacuElT1oNs. = ~.
Section 2s OF article a seems aimed at the
San Francisco Stock Board: 'sThe Legis-
lat re shall have no power to authorize lot
teries or gift enterprises for any purpose,
and shall pass laws to prohibit the sale in
this State Of lottery or giftenterprise tick
cts, ortickets in any scheme In the nature
OF lottery. The Legislature shall pass
laws to regulate or prohibit the buying and
selling OF the shares OF the capital stock OF
CORPORATIONS in any stock board, stock ex-
change, or stock market under the control
of any association. All contracts for the
or maFgh e 70
be delivered at q future day shall be void,
and any money paid on such contracts may
be recovered by. the party paying it by suit
III any court Of competent Jurisdiction"
a TAXING 7HE CORPORATIONS.
Article 70 is intended to inflict taxation
on the CORPORATIONS OF the State. Every
stockhoider is to be Individually and per-
sonally liable for such proportion OF debts
or liabilities contracted during the time be
holds or may have held stocks. The exer-
else OF the right OF eminent domain shall
never be so abridged or construed as to
prevent the Legislature from taking the
property and franchises OF incorporated
companies and subjecting them 10 public
use the same ms the property OF individuals;
and the exercise OF the police power OF the
State shall never be so abridged or construed
as to permit corporations to conduct their
business in such manner as to Infringe
the rights OF individuals or the general WELL
being Of the State. No corporation shall
issue stock or bonds, except for money
paid, labor done, or property actually re-
ceiYed, and all fictitious increase OF stock
or Indebtedness shall be void. The stock
and bonded Indebtedness of corporations
shall not be increased except in pursuance
of general law, nor without the consent Of
the persons holding the larger amount in
value OF the stock, at meeting called for
that purpose, giving sixty days public
notice, as may be provided by law.
i. FREIGHT CHARGES. n. i
The question of freight charges Is very
terSeIy provided for. No railroad company
or other commentaries shall combine or
make any contract with the owners OF any |
vessel that leaves port or makes port in this |
State, or with any common carrier by which |
combination or contract the earnings Of one
dot7q the carrying are TO be shared by the |
other not doing the carrying. And whenever
4 railroad corporation shall, for the purpose |
Of competing with any commentaries, |
lower its rate for transportation Of passen-
gers or freight from one point to another.
such reduced rates shall not be again raised |
or increased from, such standard a1ith0ut |
the consent of The governmental authority, |
In which shall be vested the power to regu- |
late fares and freights. No discrimination in |
charges or facilities for transportation shall |
be made by any railroad or other transport
tation company between places or persons, |
or in the facilities for the transportation OF
the same classes of freight or passengers
within this State, or coming from or going
to any other State. Persons and property
over any railroad, or by any
other transportation company or individual,
shall be delivered at any station, landing,
or port at charges not exceeding the charges
for the transportation OF persons and pro-
perty of the same class. in the same dIrec-
ton, to any more distant station, port, or
landing. Excursion aud computation
tickets may he issued at special rates.
A special commission: is to have charge
OF the railroads Of the State, TO regulate
rates and prescribe the method Of ac-
counts. ANY railroad corporation or
trans portation company which shall fail or
refuse to conform to such rates as shall be
established by such commissioners, or shall
charge rates in excess thereof, or shall fail
to keep their accounts In accordance with
the system prescribed by the commission,
shall be fined not exceeding $4,000 for
each offence; and every officer, agent, or
employe Of any such corporation or COM
pany who shall demand or receive rates in |
excess thereof, or who shall in any manner |
violate the provisions of this section, shall |
be fined not exceeding $4,000 or be impri-
soned in the county Jail not exceeding one
year."
WHOLESALE TAXATION.
Perhaps the most singular part OF the IT,
strument is that entitled Revenue Tax
atfon," article 10. The word property"
as used in this article and section, is hereby
declared to include moneys, credits, bonds,
stocks, dues, franchises, and all other mat
tiers and things-real, personal, and mixed
capable OF private ownership. Land, and |
the improvements thereon, shall be sepa-
rately assessed. Cultivated and uncultiuated |
land, of the same quality ard similarly stu
oted, shall be assessed at the same Uatoe.
Every tract OF land containing more than
$40 acres, and which has been sectioniZed |
by the United States Government, shall be
assessed for the purposes OF taxation by |
sections or fractions OF sections. The Legis- |
lsture shall provide by law for the assess |
ment, ID small tracts, of ali lands not Sec
tionized by the United States Govern
ment. A mortgage, deed OF trust, con-
tract, or other obligation by which debt is |
secured, shall, for the purposes of ASSESS
ment and taxation, be deemed and treated
as an interest IN the property affected there
by. Except as to railroad and other quasi
public corporations in case OF debts so Sc.
cured, the value of the property affected by
such mortgage, deed OF trust, contract, or
0blloltion less thn valln NJ S,,cb can,,r;t,.