The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-04-07
fictitious individual, corporate person.
age and endow it with rights higher
than rtoSa of ire crao +.,rs

fictitious individual, a corporate person
| age and endow it with rights higher
| than those of its creators
Mr.. Bryan argued that courts should
not protect stock and bondholders in at
| temptS to secure profits and fictitious car
italiZation. The stock or bondholder was
presumed to invest with mis- own eyes
open. If he made a mistake il was no
duty Of a court to protect him from the
consequence OF error. The states were
leg.slating to prevent fictitious capital,-
cation, bat if courts upheld a right to
profits on fictitious capitalize ton, they
encouraged it and nullified the policy of
the statutes. If courts held that corpor-
atoms must take their chances like in
dividuals in business they would become
interested in and work for those things
which would tend to promote the general
welfare.
He added: 'If there be some who can
not exempt themselves from general con-
ditions, there ia a temptation TO them
10 endeavor to perpetuate those condi-
tons"
In concluding he declared that the peo-
it We're as much entitled to consideration
as those who contributed to build il, else
there was no equality for citizens before
the courts.
Mr.. Bryan spoke until o'clock and
when he finished the crowd swept from
the court room with a rush
TRANS-MISSOURIR E-HEARING.
New York, April 6.-The Evening
Post says: Counsel for the TRANSMITS
ssouri Freight association. Il was learn
Ell today, are preparing petition for a
re-hearing in the case of the United
States VS.. the Trans Missouri Freight
association. recently decided IN that
court against the railway. The petition
will be submitted to the court during the
present term, and although the appeal
in the case against the Joint Traffic as
ISOLATION must perforce go over. by rul-
ing of the supreme court. until October
next. it is hoped. thought hardly ex-
pected, TO have the Trans-Missouri case
re-argued before the adjournment of the
present term
BONDHCLDERS TAKE ACTION.
Pittsburg. Pa. April ga bin in equi
ty was filed today in the county court
by George Sheppard and other bond
holders against the McKeesport, Du-
quesane and Wilmerding Railway COM
psay. The plaintiffs ask for an account
ing OF the earnings OF the defendant
company and that receiver may be aFr-
pointed 70 take possession and manage
TIE road. The company is bonded fer
$3.50, e0o. Notwithstanding It's income.
the plaintiff claims. the defendant de-
faulted its bonds and misapplied its earn
ings. II is charged that the defendants
action is 10 depreciate the value Of the
property.
DECREE OF FORECLOSURE.
Springfield. H.. April e-In the United
States court today, upon petition Of the
plaintiff. the Chicago, Burlington and
Quincy Railroad company. against the
ST. Louis United Elevator company,
Judge Allen entered decree OF foreclo-
sure and ordered the sale % so much az
defendants property n Illinois as has
not hitherto been sold.
NEW TRADE FOR CANADA
Toronto, Ont. April s.-Capiain Yates.
represen ang the Oregon and Asiaiac
Steamship company. pat before the To-
Onto board Of trade this afternoon a plan
70 open new channels OF trade Cor the
Dominion OF Canada by placing a line
of hoats between british Columbia ports
and the ports % Mexico and Central
America. OF the Pacific cosss- This
trade : "a large extern; in products in
whi1h Canada should Re able 10 compete
successfully. provided Il had cheap and
direct means e transportation. Cap
= n ys:ss = seeking he cooperation d:
al tie bosris % trade - tie Dominion