The sun., 1890-06-22

on Tuesday next The chances are that both
| OF these views were adroitly disseminated to
| blind Wall street to the fact that insiders are
| playing Il and It's clients with the view OF
taking their last dollar. Tho decline in
Chicago Gas was more than sympa-
thetic for tho reuson that the Aldermen
OF the Windy City" have threatened infor-
| mally to attack the concern In whatever way
they may DO able t.. Both OF the concerns
| mentioned are liable TO suffer at the hands OF
blackmailers and speculative managers until
they are reorganized according 10 the common
| law governing corporations.
While upon this point 1t may be urged that
very little is gained 80 far as the Investor or the
public Is concerned, ny the reorganization OF
| these enterprises under what are generally
Instead OF being described "a liberal, should
SSd The manner HSo Which 'nsTsnf; orsnniss;
recently provoked severe denunciation from
tue Chnncellor OF New Jersey. II the animos-
that and eOps r4ess Mefs
ennlyzed It would be found doubtless
That ,h il f based not 50 much MPGn
| as upon the persistent effort Of those combina-
tions TO kecn outside OF the law governing COR
pora;ions, while at the same time they seek TO
enjoy oil the protection that the law can give
them.
This condition OF affairs might he rectiled II
this and other States shouli insist that COR
Eorations must 9rgantze under the laws Of tho
state In which they transact the bulk Of their
business and In which their property is located.
States that have framed laws that arc more
than usually lax regarding corporations for tho
own limits could escape unenyiable .responsi-
Eility Tor, foreign CORPORATIONS BY reius;
DO not transact their bGsno!s so TH" far as rail- rail-
ali The States are very @ strict upon tn this p"in
and obviously there are excellent reasons why
tine r5sSeden, saGnld be followed as TO
ths Sugar trust has delayed REORGANIZATION
state rs liberal charter as It's managers de:
sire, 1t caused a corporation to be organized
It. AS indicative OF its desire in this direction
It may be noted that not long ago 1t examined
Credit Mober Company Which ntSs is noS in 1r proc @e
ess OF heinE eStinguished by the courts OF
Another, movement that should be under
taken with tho view Of bringing tho Indus
trial and similar companies within the lines
the Stock Exchange could render, valuable
cial condition at east twice a "n year H or
sxept to R PSeos E1S s who h &s o
hoiders by monopoly OF the knowledge re-
lntinR to the management and progress Of
Tu Tq0a o n1 re
S the sW osf coErn E bo Rfs
rra or any Of the larger railroads 'rHst com, I'M
pPos o. F eensra bnsss sG Small as tbss bss
are are at present apd with the constsn:
IN sf T. the s9 to
Sssrseations t'O q capital fesGl5ins fro from IL i
hA nnnnn nb n fn thn lot. hat
other concerns are in the operations Of which
the public has an interest. As last as concerns
dealt In on the Stock Exchange are reorganised
the Exchange should insist upon their comply
ed securities. SO that the deaiinrs n them may
be Transferred from the Unlisted Department
Of the Exchange to Its regular list. In making
that transfer the Exchange would have an op-
portunity to find out more about them than 1t
knows now, and 1t should bring TO bear upon
railroad companies to compel them to furnish
periodical per reports % OF their operations In
The t interest W seems certain fn'' 10 Increase. ]
would gradually merit the attention of the In
yesttng public instead Of being simply the foo
balls OF speculation as at present. II those
for the profits Of speculation and more seri-
eTy aSd thef oSn S9Tepu
they would take these Views to heart and start
Dealings In the rail road shaie list we're prac-
tically suspended today on account Of the ex.
cltemeut III sugar h0un6TIeS StOck. nat lltL
lack OF activity. Tho weekly statement OF
asPoesSle surprise. since none 0ff Of tho changes
were stating. though the statement includes
hs oss IA all sw S nG money peG ovs
si.6oo.006 or less than hall Of the ex.
6Os os, Of spssS The aooI leDGss reMsst
The SURPLUS Of the last Item however. has not
been impaired enough to cause any appre-
rates OF foreign exchange. both in this
market and a. Continental eentres have
iaTther eSports "f gold N' at the momsnt. G
If certain Washington adyices can lie relied
the @ tEs Of se X has At last
premium upon the fine gold bars In his Gus
tody. or "f declining TO surrender them at ALL
he certainly would be supported in taking it
by every one who has proper appreciation OF
As compared with the final prices OF last
Saturday the llst Is lower with the exception Of
more important net declines were In Oregon
TranScontinentai 3. cent Atchi.on; Lock
he SHd ST. dns ana M eH Eov 4Srf and @ Ssw
England a. each. Wisconsin Central o..
Northern PACIFIC cpmmon II. MEXICAN Central
Paul and Union Pacific ! Z ench., AXE Shore
OF H.. Texas Pacific and Wabash preferred Il
ench. kichmo9d and and Terminal Er nreierred and
LacEawanna and Hlchmond and Terminal
common h earh Erie =. Chicago" Rurlington
and .luircy and Wheeling and Lake Erle pre-
ferred q = cent. each.
Final sales compare with those OF yesterday
as follows:
June2o Juneu. Jurr 90 inn, 81.
L., T. 4 2. f.... ~ t4SA Northwest ilO I'M,
tan. southern. ~ bS Nor. J.. So, 30
&C. ca ST L.. 74tj ~ Nor. pAc pt 60. s.sS
G.. II. Z Q....... lo5i iOjtaiN Y. y Eng Al 46H
C. 4 r., IN pf,.. ~t ri Oregon r e.. +I'I Az
Con. Gas u luuA Rock Island 81 "a
chicago Cas-. 6"1s 54if Kirl " r.. ~ "a.
Del. l. W....i5Iss l44ts Rich. ". PIP h4Is So
ben, L X. a. pt. - - keadny,....... y -
Erie ....... 2BH "Gl, 81. Paul COM. Tail 7<Li
Fast Tenn n 2Fs 20. - ia Man....Iil' Iii,S
Lou 4 Sash ... Hs}S rs Tex. rAc........ ~ Psi
Lake ShOre....llll, ms T., &. H.. Si3 IHi
]. T.. W pf.. c6tI GSis nion rnciac,.. t's 6+'t
Mich. CSnt......lUnA lrC4 WAb T. NJ. 2i'k nhAs
Missouri Pac. - Isl West In TEL. sINs ~