The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-06

will just put On end to competition by
doing what the opposition asks us to do
here. What becomes Of the opposition
that was to be engendered between two
lines2 s
THE PENNSYLVANIA CENTRAL AFTER BOTH
LINES. :.
There will be no two lines. The Penh.
'sylvania Central has secured the interior
line, and now, will own the coast line.
A monopoly, gigantic enough to kill any
competition, that could possibly be estab-
lished. Let the State pause before it yields
up the key to 30 vast treasure as this. So
much for the competition. -
THE CORPORATION We PROPOSE TO TRUST.
1t has been. gravely intimated that the
parties into whose hands we propose to
place this road may prove unfriendly to
the State. We can only judge the future
from the past. Here is the Atlantic, Mis-
sisslppi and Ohio railroad presided over by,
"a gentleman of great ability, a Yirginian
by birth, who has stood by his native State.
in all her calamities-the stock owned by
citizens Of Virginia-the, road stretching
out to the great West and bringing it's pro-
duce to Virginia city-not to Richmond,
probably, but to Norfolk, which It: is to be
hoped Will not be denied is a Virginia
city. 1t has been said that corporations and
railroad men are soulless men. Suppose
this is trueP Here is Virginia road man
aged by Virginian, whose profit lies In
Virginia, and soulless or not, working for
private ends or not, it must work for its
own benefit, which Is bound up In that Of
the State. 800 *.- s..
TIE CORPORATION WE DON'T PROPOSE TO
/ --.v,. TRUST. s,-. .5..s,
Look at the other side Of the QUESTION.
Mr.. John Lyon, the agent and attorney, in
fact. of Mr.. Bridges, of the Weldon road,
buys up the majority of the stock of the
Richmond and Petersburg railroad, and
now wants the State stock, 80 that the road
may pass into his hands. They are great
railroad stock jobbers, who, in the money
market, would be called spectators, and
IN GAABLING-HoUsE WOULD BE CALLED GAM
BLERS.
They 60 about secretly buying up the
stock, and then come here asking the Legis-
lature to protect them. They take advan-
tage Of our impecunious condition, and buy
up stock sold from necessity.
MIR. DANIEL: If these gentlemen buy this
stock and pay higher prices, where is the
advantage taken? Eli.
Mr. HENsLEY: The same advantage taken
of man who has to sell his house and live
out OF. doors. [Laughter.] .s.
It is the interest of these parties when q
bale of cotton is shipped at Weldon to see
that it goes to Philadelphia. A bale of cot
ton going to Philadelphia by way of Nor.
folk might benefit that city, for it has to be
reshipped there, but
RICHMOND COULD NEVER BE BENEFITED BY
CARS RUNNING TROUGH IT
without breaking bulk. 1t is where goods
are re-shipped that there is chance Of
building up trade, but not where they
pass through.
The proposition here is to build another
road by the Atlantic. Mississippi and Chic
Railroad Company, or to widen the bed Of
the road with another track to go to Nor-
folk This will give us the power-greater
than any charter can confer-to say, gen.
tlemen. you shall not discriminate against
Virginia Giles. They must have the same
facilities and privileges that northern cities
have. tell you that the grand schemes Of
the gentleman who presides over the At
iantic, Mississippi and Ohio road need that
SHOULD BE BUILT UP.
Not Norfolk only, but Richmond and Pc
tersburg. Even Richmond, that opposes
this amendment, after having seen how
much she has been benefited by the great
consolidation road-an opposition which
surprises all who know the increased
amount of freight she has received from the
West by that line.
Here we have an opportunity to hold
A CONTROLLING HAND OVER A GREAT
THROUGH MONOPOLY
for the protection of our State for self-pro-
lection. The decision is to be made between
home and foreign interests. Let us con.
slider the question with the gravity that be-
comes the Virginia Legislature. Ii we
yield now at this point the battle is lost.
How can member of this House hesitate
at time like this, and under circ cumstances
like these? The gentleman from Henry ap.
peals to us to give the Richmon and Pc.
tersburg Company their petition but he
forgets to add that it is not the richmond
and Petersburg Company.
THE OLD STOCKHOLDERS HAVE DISAPPEARED,
and in their stead appear the agents of q
foreign company, which now owns the
stock.
Mr.. THOMAS argued that this Legislature
had already decided that foreign capita' in
the railroad affairs of Virginia was needed
Remarks Of Mr. Arnett.
Mr.. ARNETT said he should advocate the
adoption of the amendment of the gentle
man from Halifax, containing principle
which commended itself to him the more
on giving it a more careful examination,
The able and eloquent arguments delivered
here in opposition to it had not shaken his
confidence in it. lie would answer two lit
terrogatories in the course OF his remarks,
and should show that the proposition con-
tanned in this amendment was not outra-
geous nor even extraordinary. 1st. Has
Virginia the legal right to sell her interest
In the Richmo nd and Petersburg Railroad
Company? I'd. If she has, is it expedient ?
The speaker believed that there were con-
elusive arguments in favor of the afirma-
tive of both these questions.