Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1873-12-17


CHEAP TRANSPORTATION.
IEha Dnaahssa~4enssa4sssA sso,
1etsspssts feks nsi1 p. sks
oseae RrGAlea n . Oasls
neee war.
1'ha lsAdl1g busluess men Of New
YORK, iacludtne The Wholesale mel,
chanss, orgaulxed lsst October fot
The purpoas Of Investigating tn
transportation question, aud co,
operating With the produceri
LOT tho West In procuring
for both sections exemption from
tho cxtortlons OF cxistIny nionopo.
lies. b.. b. Sherman was elected
president Ut The association, aud q
committee, consisting Of tho ablest
representatives of ,no business in-
tercsts Of the citv, was appointed 10
investixate the subject aud report to
tho ], association. The report VI the
committee was presented by the
chairman, F. g., Thurbcr, OIL the 9Th
inst. The Sun, Of the 10th, publish.
Is II IN full, and from that we extract
the following, whica embraces the
substance:
The rrpor. cited tho following as
the
MARKED DEFECTS
and abuses IN the present systcm:
!. The present. method uf UNDER
taking the constructing Of railways
without q pa,d.up capital.
II. Tho imitation COMMONLY known
as watering stock" by which its
nominal value is largely Increased,
ihvreby making il necessary 10 un.
duly tax travel aud commerce 10
securcita value.
III. by rings In their management,
through. which tho public and the
non managing stockholders ate
.fieeced to enrich a few prominent
officials ami managing stockholders.
~. The present system, which ue-
ccssitatcs the operaiiom OF passenger
and freight traffic over the same road
bed in which tho passenger
traffic has the right of way.
thus making IL necessary for freight
trains to lay up tWu-ti.ir.ls Of the
time when iliey should BE- rolling on
to their destination,
v. The but partial presentation
Of the stockholders in the boards OF
direction.
LEGISLATION PROPOSED.
After careful examination and COLI.
~si,trratiom OF the subject, it is the
opinion of this committee that the
desired relief must come from:
]. Legislation. by which our pres
'snt system Of railways can be regu-
lated and improved, and
ii. Competition, which will coR-
plele aud carry out the reform which
legislation must inaugurate.
Under the head of legislation we
must have the following laws:
l. a law creating u board of rail.
way commissioners, who shall be
with power to establish and
regulate rates of transporting freight
over all railroads doing business in
this state, and 10 prescribe a uniform
system of keeping railway accounts.
IL. A law prescribing ali equitable
system Of proportional or minority
representation of the stockholders in
the boards of Iii, cction.
Ill. A law restraining railway
companies from paving interest nr
bev0p,l a fair and inst 70.
Lurn on the actual cost of ibc,r nr,,,,-
erty to their stock ami hondI,oidare
and compellim. them to cxnend Mi,
in excess of su,.b n,nnnnt ,"d
= hat is reuuircd to kson their rns%s
n urouer repair nnd nav ,ha,r 49,
.ssarv oneratiuv nxn.mx.s ~ ST.
nov;uo homdI;ns.s on. ton, =" I'LL
loo ~. mmhi;c ssn"r;,. ,ns' laciil-
,;er,.. oil ~ roT"n' ""u eonte-
.t;n, ,.lnraos W., .ao.. 'ranspof-
,ra !" , ,..rfnct al .a"' ."I''l.'es
ION 'o"p'etS" coh-
IN. A law nrob;h;,;,r OH ...
"a" p,o".o.!'"s an railway
'Xcessive determinations auainst
,n;",s ""'. ufe not competing
vs. law nrobih;,;,g al, .,;
,n,nan;.s 81" ~ :S 81 runway
,e.s tn so,.ara,a .s".,"s .nei' ousl-
.uovn ,s ras, Sr,;nh. po."io.s, no"
n".;,,s - n'.. i'.es, '!ie entire
..S.p,. mn w not 20 mo the
'.a "'s y '"e 'oa" over winch they
VI L
w.. "a Ia" " Proi'oit inc ieasins
o~nso'l,'a.ioh' or continuation VI
a,uilea INES OF ROAD, ny which COM
';,hn.n - ues.roye" anu Tue peoples
III ays e%oavcrlel int ihoholoiies.
49,. .aW pron!pities ANYWAY
y n.p" LII .,o,n aGqui!lh. or hoiding
y, ,.". es'a'e nan Is necessary for
~ ul.;aa." vi thelf ROADS, and
.on.ol'.ns mem from engaging i'll
n.n,ns, oran! business put that OF
Wsi Ho'."i,on
.'s $40 "" mnNinS ~ pcha' Of
y. ~" ~, any puo.ic olncia' 10 accept
~ ~ pass y! a"y railway
on,p"i, emu paon,o..l"s raiiwa!
~ i'o'" s'""''"S such passes