| Electoral Votes. | |
|---|---|
| For Lincoln and Hamlin | 169 |
| For Breckinridge and Lane | 61 |
| For Bell and Everett | 57 |
| For Douglas and Johnson | 9 |
| For Doubtful | 7 |
| Whole electoral vote | 303 |
| Lincoln's majority over all, certain | 35 |
| If Oregon and California vote for Lincoln it will add to his majority | 7 |
| Total | 42 |
TILDEN TO W. H. SWAYNE ON THE PROCURING A CHARTER FROM THE STATE OF OHIO FOR THE PITTSBURG, FORT WAYNE & CHICAGO RAILROAD
"Dec. 6, 1860.
"My dear Sir,—Two modes of investing the future owners of the P. F. W. H. R.[29] with a corporate character within the State of Ohio have been suggested.
"1. One is to make them a corporation of the State of Ohio—by creating them a new corporation, or by continuing to them the old corporate franchise.
"I understand Mr. Stanbery and Mr. Hunter to propose the latter method. By providing for the transfer of the existing franchise to be a corporation by a general law, they avoid the constitutional provision that 'the general assembly shall pass no special act conferring corporate powers.' They think, also, that by preserving the identity of the existing franchise they can avoid the operation of the constitutional provision 'that in all cases each stockholder shall be liable over and above the stock by him or her owned, and any amount unpaid thereon, to a further sum, at least equal in amount to such stock,' upon the ground that the provision is not retractive, and was established subsequently to existence of this corporation. They think, also, that although the identity of the corporation will be preserved, it can be discharged from liability for the debts and contracts which it has made. If it should be found to be liable for those debts and contracts, the main object of the reorganization would fail.
"2. The other mode is to make the future owners a corporation of Pennsylvania or Illinois, and to enable that corporation to hold, maintain, and operate the part of the road which is situate in Ohio, without being a corporation of the State of Ohio.
"To enable a Pennsylvania corporation, for instance, to hold, maintain, and operate the part of the road situate in Ohio two things are necessary:
"First, that it should be endowed by the law of its creation (which would be the act of Pennsylvania creating it), with capacity to hold, maintain, and operate the part of the said road which is situate within Ohio.
"Secondly, that it should have the consent, implied or expressed, of the State of Ohio to the exercise within that State of its powers to hold, maintain, and operate the part of the railroad situate within that State.