The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-05-28


C~ogueaay's aaHelais IN vsgiatis small ~usI
Hslniaa euhraena shes ssfs fFibufafy ~ 10
~Pransyivsala laas 4 masf ts aats inst
fhare seems a1fhina ifFtiouisfiy heiru'is IN
ssA asusfshlp sai mtf v p sfiiue w
ftfhaf essfsfne esesiaNis sishsr IN fHofsis
~ lulains-s fp nflhshH Investments N thts
stnd Nhsf go eharesf Hassvsr NV
fhsi Ne peansvivsnls haltNad HfHriais
RasNIua asauh ~ fhla slff sefs fafntaitlH6
ne fsealgsa = fheif fa4d ~ a. ~ hsNahi
fhe 8lfatie pfareTaea IN shlrh fhev Fefe
Interested aHd ~ hfeFimiHais fssiAat ~
gtassfhgas " oilef einnsfns F1f ateh
nospfleas ~ eHuFse fhegs anfhi 10 ~ ~.
fenee aed me- WsH g'rr~t n~rYtuFtatlun ovrf
80 sFsif iaY n NE ieaf ihaf ne lnvas'ias.
Trn wf1 these IN similar niaisers nnifhf
spfrnd 10 other railway c1nfesies and tisf
r ssnefsl '~HHr9vrrds1 ~ feetstllpa 'he
rsllsays mieht take tiaee, ~ The s1rt
~ rreentlv gitnessed IN ne ess~ ~ ~" w
atfsnee ermrnniss NJ. too there sss
insse ~ 'ef4 ans ety evrfesfed p,ef ne
efet's n tho ruhlir ifrfation that y VS.
ispushi miaht hr tfodtcrt w l0na hties-
,s,r ovet IA. ns'' NJ innalifv ~ The rccrnt
l.gisist,on adppfsi In this state Feddciag
mo rfire " sls nst by ne enforced fay.
mpni Nv ihs fsufle fer fas ~ The nld RATE
tending tho astt emen ~ No csse such
s,iat .nainn ~ che act ~ The Legislature -
baz already occurred u . mrre Temporary
matter. and - pniy 20 l1at for = wrrh ~ ~
further. when the Federal court. into which
the raas haa b-cn brought. will decide
WHISTLER there IL ground for the isruancc
~ y preliminary injunction holding up
the law until ia constiiutionsllty cah
~ alaborateiy inquired into. In bring.
Ing the matter before the courts tho
gaa comranv IL, 81 cour~c. ayaitnR
itan.f ~ IT, proper legal privilege. We
ara living In this country under q con'titu'
tiohal form ~ government which AFFORDS
definite guarantees 20 life. liberty and prop
erty from the assaults Of every one. even OF
state and National legislative bodies. The
Oonso Iidated Gas Company declares. and
the burden Of proof rests upon II Of MAIN
tanning the assertion, that the recent act OF,
no state Legislature regarding u Is con-
Rscatory and II II courts hold. In a prelirn.
mary hearing, that a reasonable amount OF
proof Of this sort il presented, II N ialr 20
the gas company that the operation OF tine
Law shall be restrained pending a ludiciai
investigation Of the affair, since manifestly
the gas company would have no practical
recourse against its myriads OF customers
for gas furnished AZ an unfairly low rate II
the company won is suit in the courts. The
trouble, il in a Wall Street sense, that MS.
view of the matter. although logical, may
not be- popular. People may he apt 70
think that the years OF investigation by
various State authorities a. TO the proper
price at which gas should be sold has been
Sufficient, and that il is a hardship, so Tar "a
they are concerned. that the United states
courts must again la~boriously go into the
subject! And his feeling may show ITSELF
in the fall elections. II. however, the up-
shot of the matter il TO demonstrate TO The
world that this country Is a country OF
law and order, that its organic rules are so
arranged as TO present checks not easily
overcome to the hasty and i'll considered
acts Of popular lawmaking assemblies, It
will result in d eep and lasting benefit.
Whether, however, in view of the action
tho stock market later in the week. the
Pennsylvania Railroad and Consolidated
Gas developments did anything more than
give SPECTATORS for the fall a pretext for
selling stocks appear very doubtful. 1t was
quickly realized that all that had been
brought out or charged against the rennsyi-
vania Railroad Company did not refer in any
way to or imply as a future contingency
any loss Of tonne ge to the company; and
tho view as finally taken OF what had hap
rened appea red to be that it would result in
good for everybody concerned, and par
tioularly for the Pennsylvania stockholders.
Stories Of damage to the winter wheat crop
from drought although greatly exaggerated
for Speculative effect in the grain markets
,lnouestionably had some foundation, and
1t IL probable that the Governments next
monthly report of the condition of the
winter wheat crop will show a somewhat
lower average condition; but nevertheless
1t is the general opinion in the grain tTade
that no widespread or material damage
to the crop has been done and that,the prom
I've is still for a yield Of winter wheat above
the average Of recent years. A gratifying
incident of the week was the opening for
business of the national banks and many Of
the savings hanks in San Francisco and
trouble OF any kind as a result Of
1t; although, of course, this qualification
would have been more pronounced we're
business in San Francisco conducted with
out the daily PRONUNCIATION Of legal holidays
by the Governor Of California. In banking
circles here no doubt appears to he felt that
a very short time money will begin
10 return here in volume from the Pacific
Coast.