Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1873-08-06

load. But there is freight waiting for the
car that went to Bloomington; il is inn
mediately reloaded, and gets back to {
Chicago day or two before the other.
1t has made the trip quicker. has had a
full load each way, aud has actually earn
ed us more mOneyiu the same time at
cheaper rate"
"Anoiher discrimination OF which the
farmers complain bitterly At many Of
the towns along cur line there are eleva-
tors which are very convenient Tor the
farmers, as they give them homo market
and cheap storage for grain. We charge
nothing for the use of the land on which
the elevator is built, and We transport
grain from an elevator one cent less than
We take il from the same point II 1t is
loaded into the cars from wagons. Now
r the new law forbids this. though it is
/ founded on sound business principles.
Suppose train-lOad Of wheat is to come
, from one of those elevators TO Chicago
t we inform the man that the cars will be
: there at midnight; by his contract he is
, obliged to load them whenever, in the
: day or night they arrive. In two hours
Y the train is loaded. The pcxt forenoon
it has arrived in this city. been unloaded,
h and is ready for other business. But cars
;. that wore left at the same place at the
C same time to be loaded from wagons don't
C arrive here until "a or perhaps As hours
n later, and ar that time is lost"
C "Onc more discrimination About
p sevcntv-fve miles out VIC have branch
D. road extending westward TO Lacon. on the
" Illinois River where it connects with the
" canal. Now our rates from Lacon to
e. Chicago have been the same as those by
n the canal. But wehayc charged more from
it Varna, the first station this side, than We
have from Lacon. Still eur rates have
in been such that the farmer could send his
ht grain to Chicago cheaper by rail than by
;" sending it to Lacon and thence by canal
Now the law says that We must charge
.e more from Lacon than from Varna, anc
be we do but tho rates on the canal have
sc been raised also, so that they are cqua
X to ours"
or reminded my friend that the farmer
X think the railroads are getting too rich.
ch lie said che railroad property in thi
State docs not pay FIVE per cent. on tn
80 money that has actually been invested il
~ it. "Thc railroads in this Statc," he con
-, tinued, shave history which you Nigh
70 find interesting The people wanted tn
a., roads built so badly that in most case
r.t they have given the right Of way. don
od the light grading, and where they hav
.,o extended through timbcred country, ful
,ov nlshed the tics. Then the New Y ork car
Tho itaisls has come in with the money topa
,,n for the heavy grading, building th
bridges, laying the iron, putting on tf
rolling stock. For this he has taken I'll
~ bonds of the road. and they have strul
y ''' glod ever since they were completed,
Wv get money enough to pay their runnlr
~ expenses, and five or six per cent. lnte
'a' est on their bonds. Their stock is wort
" less. Take the Alton road as au exar
wv ~, pie. 1t was FIRST built by q man down
'n0 Alton, and it ruined him and those tn
'ou' were with him, and ate up all their pc
."' sonal property. Then gentleman fro
Hun New York took hold Of it, and sank S
noi or seven millions Of his own money, al
'no' that of Brown Brothers and the New Ii
'"o ven banks. Then it was sold out by d
'',a' cree of tho United States Court, the
=, ~ stock all wiped out and new stock form
hoi of which dollar for dollar was paid IN.
~ first mortgage bond was issued on ,
'o'' road, with the proceeds of which the
',as first mortgage was taken up after the
u'e, paid coupons were cut off, and allowed
f.o' 90 with the original stock. The capi
oo has been from time to time Increased,
vi" the money has all been used in extcndl
'''"' the road, improving its bridges, buildl
''0 new sidc-track, &C., aud the road n
" does Mt pay five per cent. on its capt.
Wv The expenses OF running our roads
'"n not too great. We don't pay our envy
= - es too high wages We don't have
''' many of them. don't think, thereto
D'p' that our roads arc making too much =
'' v most of them are not making any thin
My friend anticipates that the resul
CHI the "Farmers' Movement" will be
one force the railroad companies to G
miles binc and increase their rates, while t
miles do less business.
Lex. -..--
% is "A pretty boy in Billytown bcc
ho. SO intimate with one Of his fathers b
Ii l.. IL. ..,t he,