New-York tribune., 1886-01-06

s clear and admits Of discussion 1t ia TO be hoped
that such proper action may be taken as upon q
thorough nvestisaton OF the subject may seem to be
justly demanded.
LIMITATION OF TnH POWER or CORPORATIONS.
Corporations organized uuder the laws Of this Satr,
with few exceptions. have the power or issuing shares
Of stock for less than their value The result Is that
tile aggregate amount or shares OF corporations which
avail themselves OF this power, represents much
greater SUN than the property OF the corporations costs
or Is worth II dividends are paid upon shares so Is
sued rates be charged greatly exceeding rates nee
essary to be charged to- pay Ike dlyldtnIs upon the
issued and purchased by investors are frequently found
not 10 represent values, and TO he worthlers -,
bonds which corporations Organized under the laws OF
this State may issue. There being limit upon the
be sold interests shareholders, and also OF hond
holders otter rendered OF little value by issues o.
bonds exceeding the value OF the property OF the cor
poraiion. a.,
evils and 1t is believed that statute prohibiting the
issue OF shares OF stock except upon the receipt by the
the Issue OF bonds il excess Of the amount Of the capital
of the corporation paid In cash, wOud tend to relieve
OF those who have become the owners In GOOD
faith and for value of the shares or bonds Of eorpora;
tOns, and would of the causes OF financial
disturbance and depression In business No attempt
should be made affect vested interests, or stocks or
bonds already issued but the statute should be APP ca
BILE only 10 future issues.
SPEEDY ENFORCEMENT OF CRIMINAL LAW.
Your attention called the condition OF the laws
for the conviction and punishment Of persons guilty Of
almost every instance elspses tho conviction Of
criminal and his execution has long beon scandal
upon the administration of justice and tie opporun-
tiles afforded for such delay under Code or Grim
inal Procedure have aggravated H. and render some
changes all Esabe which would result In greater respect
for the law and swifter punishment Tor murder.
Under existing law two appeals after conviction are
not only possible but usually resored to ~ every ease
to the General Term OF the supreme Court anu "
the Judgment Is affirmed, further ono TO the Court OF
Appeals There need he merits la the appeal. aud no
judge need certify TO It's propoty bat the mere serving
OF notice Of appeal operates "a stay OF proceedinss
must not be Iess than four eight weeks
after the sentence, and hence IL happens mat
and sentenced death eight weeks thereafter but upon
the day set for execution his attorney may serve
heard at tho General Term which may ait until after
interval of several months when the JUDGMENT may
be affirmed and a second sentsuce Of death may be
passed the defensnt To be inflicted after he lapse
nnv ax Serve apoihsr notice of appeal which also
ats stay OF proceedings and after another lntcr
val OF several months finally reaches the Court
OF Appeals. when. II tho judgment is affirmed third
sentence Il pronounced, To lie enforcei Two months
thereafter aud ut last the criminal Is brought to
However strenuousy tho Distrct-Attornoy may labor
TO have swift ustco metcd out to mutderers the law
itself makes this mposslbiity, and intervals OF one
years between conviction aud punishment are
1t viii be conceded that whatever merit there may
be In capital punishment s almost entirely lost by de-
lay and public dsoonent with tho results OF the pres
ent system Is great and growing.
Irecommcnd that tho law be changed by dispensing
with 81 many appeals In such cases ana Ptovuhg lof
appeal which mar be direct from the oyer ana Ter
the should constitute the and
cepon and the expense OF printing should be made
not only will the present protractod delay in the pun
shmen Of the guilty murderer be avoided and great
cuscd will be adequately protected and the poor as vol
as the rich VIII Ge enabled 70 nave tGer gas p'eu
bill emhodylns toeso suegestil3,n.s 9nani,nonfsy
because 1t was not reached
REGISTRATION ~ BROOKLYN.
The object of all registration laws Is or should he. TO
provide reasonable method or means OF rsccraining
the citizens who are entitled exercise the right OF
suffrage Such laws not intended TO hinder or un
necessarily honest citizens TO prevent the free
OF the elective franchise their part Those
laws should facilitate rather than reard the legal voter
and shouid be reasonable In all respects.
Certain provisions OF the Brooklyn registry law do not
To comply with these suggestion and are regarde
as unnecessarily restrictive wherein They provide that
registraion shall aDsout y cease the Monday occur
rins weeks before the annual general election In
the great city OF Ncw.York citizens arc permitted 10
register until the saturday occurring the second week
before such election. while In al tue other
registration 10 permitted until FRIDAY before such
election why ihs &c re'.S'Pn @ ION s11 oS
afforded equal facilities for registration with those OF
New-York. Il not easily understood There docs not
To be any good reason for tho discrimination Al
the recent election many citizens OF that city wero pre-
vented from registration and. therefore. from voting
owing their necessary absence from homo or ohereh
period before tne day Of election. There ia
prnprey IN thus unnecessarily o5struoing the path To
II nendsi that such laws he chnngei 50 that
they shall the rspScts mentioned To the reg
siry IA otor parts of the state. AT least to
those applicable 10 the City OF New-iOrk.
sEA-CDAsT OFFENCES.
There has recently appeared letter from one OF our
abcs In relation to the necessity Of providing
more adequate protection 10 the OF the United
states. Like all the other productions OF his pen, II II
attracting wdesprea attention throughout te country
and the state OF NeTN0rk above all other states, Is IN
teTcsted
A commission appointed by authority OF a previous
Congress- has been engaged for several months past IN
investigating the subject OF st forthcaOns AMI the
necessity for the further pro ccon OF our barbors u
expected that ther report Will he submitted 10 thDt
body during the time OF your session.
This Il "a matter essentially whn the province of tno
general govcrnmout. The inter 81. however which the
state NewYorK has ia this question. and the discus
sion which called forth, suggest the sdvisabiity
Official expression on tho part ol tins state IN re
laton The pfietY of the adoption OF nint
resolution reuUc ting that suitable action should be
taken by Congress Is submitted Tor your oonsideraton
DAVID Is. iIILI-E
OROWTH OF THE FUND FOR PIRNELLS MEN