, 1873-08-14

Of tho larBor roads mud forces tilom to mantain d
highor tariff on such busineHs as thoy
can command, to koop up their revonno. It docs
points, and etook up tho coa1 ualt and 'lumbor
yards at intoror points ut auoh tmoa as tho
roada cnn afford TO do 1t, WHOM their equipment
Wottld not otherwise bn employed, ana at sl1oh
prolltably invested. It provonta tho producers
from shipping to thlH market and forcoB them to
ship dlrootly East ovor tho shortest route, tlere-
by forcing thoir grain upon MI Eaatcrr, market
where 1t III beyond tloir control mud wholly ut
tho disposal Of tho Eastorn connignoo. It makes
tho Eastern 1nar]set tho distributing point III
etoaa OF Chicago, which great many shippers
Aavo found out to their ooBt It offora no induco-
ment Tor middle mon to invoat III mills or waro-
houaos iu tho interior, thereby making a market
at home, but compels manufacturers to pay q
uniform rato. according to distance, and givoB
those outside OF tho State monopoly, WHOM
distance Ia III tleir fayor. It tonds to drive trado
away from this oily to points outside Of tho State:
from Michigan CITY 70 points In this State at. q
gsSing Of several dollars per car. It givoB the
!; Eabt and West roada, crossing tho oontro Of tho
state, monopoly Of tho products Of tho central
nna aonta hnf Of th9 State as we'll e. great
accrue from business that would natural-
this law, is loss to tho roads IN
tnl8 state, anu must bo m1do up from such bua-
tuoss ns Ia left to them It has had tho effect to
stop oil work on tho roada loading cas-. from Obi
ceago such as laying doub1o.tracks and oquipping
tho roads for tho anticipated increase OF business
which tho past winter aoomod to warrant aud do
mand, Whi1o 0htohago has aud will ooptinuo to
incrcaso itH volume Of business, 1t will DO duo
TO tho growth OF country around It rather than
from any benefit from tho low which tonls to
driyo from, rashor than attraot to, Bho cannot
atlord to lot tho stupidity Of my mon Or set OF
mon legl6lato against her natural advantages In
come to her II loft to tho ruloB Of commerce
Which have and must eyer continue to DO gov
ornod by competition.
There aro certain thinEa which properly ba-
long to tho Legislative branch Of government,
even IN conducting railroads, but It aurc]y ia not
u trying to fix the price Of produce, but such
thinga aa Watering stocks, consolidating roads to
pooling earnings, debating scrip dividends. COW
or1ng up tho earnings by transfors Of surplus,
and such like things, may well bo worthy tho at
tont1on OF Legislatures; but 1t certainly Ia not
competent to fix tho values Of tho earths pro-
duotions By local or sectional legislation.
Will somo ono please state what good tho Rail-
road and Warehouse Commissioners havo nc
coHplished in tho two or three years thoy hayo
been "got'lg TO do something soon1"
LATEST.
In the afternoon whoat Was moderately nctivo,
and advanced 10. No. spring sold at S1.1711
@l. 17a4 seller tho month, closing at tho out
sido, and 91.11M@1.12 Bellor September, closing
Ct the inside. Also ut 31.079@ seller tho year.
sso I soer s' he non n "a sod at SsenS e
seller September, the 1attor option closing at
the inside. Other grain, provisions; and lake
freightH were quiet.