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Men have no right to what is not reasonable, and to what is not for their benefit; for though a pleasant writer said, "Liceat perire poetis," when one of them, in cold blood, is said to have leaped into the flames of a volcanic revolution, "ardentem frigidus Ætnam insiluit," I consider such a frolic rather as an unjustifiable poetic license than as one of the franchises of Parnassus; and whether he were poet, or divine, or politician, that chose to exercise this kind of right, I think that more wise, because more charitable, thoughts would urge me rather to save the man than to preserve his brazen slippers as the monuments of his folly.

Ever since the decision of the Supreme Court in the Dartmouth College case, handed down in 1819, franchises and charters granted by states to corporations had been regarded as contracts which could not be altered by subsequent legislation.

Old franchises have to expire or otherwise be got rid of; corporations have to be coaxed or coerced; greed and corruption often have to be overcome; huge sums of money have to be appropriated; a whole machinery of municipal government has to be set in motion before the old and established city can change its traction system.

The deepest and gravest questions about which men can fight: the right to worship God according to their conscience and to maintain civil franchises which have been earned by the people with the blood and treasure of centuries, were now to be solved by the sword, and the pupil of Buchanan and the friend of Buckingham was to step between hundreds of thousands of men in arms with a classical oration.

Nobles like David and Rhys found their franchises threatened by the encroachments of the neighbouring shire-courts. Lesser Welshmen were liable to be robbed and insulted by the workmen who were building Edward's castles, or by the soldiers who were garrisoning them.

The deepest and gravest questions about which men can fight: the right to worship God according to their conscience and to maintain civil franchises which have been earned by the people with the blood and treasure of centuries, were now to be solved by the sword, and the pupil of Buchanan and the friend of Buckingham was to step between hundreds of thousands of men in arms with a classical oration.

All these servitudes to the advantage of the lay sovereign, and all these franchises to the prejudice of the ecclesiastic sovereign, are maintained and increased by the new statute.

"A private corporation," say the court, "created by the legislature, may lose its franchises by a misuser or a nonuser of them; and they may be resumed by the government under a judicial judgment upon a quo warranto to ascertain and enforce the forfeiture. This is the common law of the land, and is a tacit condition annexed to the creation of every such corporation.

When the Oxford Parliament had been dissolved, when many signs indicated that a strong reaction in favour of prerogative was at hand, when all the corporations which had incurred the royal displeasure were beginning to tremble for their franchises, a rapid and complete revolution took place at the India House.

The wealth of individuals is not the wealth of nations; the two things may easily be contradictory when the rich man's wealth consists of land or natural resources or franchises or privileges the use of which he reluctantly yields for high prices.