The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-12-02
Iips,ead Of being carefully husbanded and an.

instead OF being carefully husbanded and ap
| Piled to the paymeet Of the proper dividend.
to the stockholders, has been used TO infu
ence legislation and much OF the corrt1p-
ton Of men In public life may be traced
directly to this source.o ,E. e /" - !
1t refers to the history Of Credit Mobilier.
and gives details Of the Erie railroad inyes.
tigation as illustrating the views presented.
-. sIlaLs REMEDIES. -an .g.,,.r m
Instead of local State regulations the re.
port proposes the following genera! la,os:
commissioners with powers similar to those
possessed by the railway commissioners OF
Massachusetts,. 10, ,ftf5 i, s..,,,s,r.5. 4,,e,,.
2. Alaw to prevent stock iphations, SINH.
lar TO the.one now In operation in Massa-
chusetts. .-.----..-,.-----.-..
Z d. law providing for the publication at
every point of shipment OF. rates and fares,
embracing all particulars regarding distance,
classifcations, rates, special tariffs, draw
backs, etc, and prohibiting the increase of
such rates above the limit named in the pub
lieation without giving the public at least
thirty days notice, .,,-.,. ~..'.' . =. :,
4. a, law prohibiting officers and direc-
tors of. railways from either directly or indi-
rectly owning or becoming Interested in any
non-co6perative fast freight line or car COM
pany, or from being interested In any manner
in, the furnishing of;supplies to any company
with which they may have official eonnec.
tion. - sts-.G" Z" r
5. A law prohibiting railway companies
from acquiring or holding more real estate
than is necessary for 1.-The operation of their
roads, and prohibiting railway companies,
or officers OF companies. from engaging In
mining or any business other than that Of
transportation. .a.a.,.t
6. A law making it penal offence for any
public official to accept or use the free pass
Of any railway Company, and prohibiting
railway companies from granting such passes
to any but regular employes of such rail-.
ways. - |a a.,
Z. A law providing that all com mon car.
riers shall receipt for quantity, whether it be
Of grain or other commodities. and to de-
liver the same at its destination.
S. A law prohibiting representatives of.
the people who belong to helegal profession.
from being retained on either side in cases
where the public interest is involved. ~ :.
The report would have all but the first
national laws, and would have national
Bureau Of Commerce. to regulate the trans
portation of the country. r ' : ~. a. ~
The report urges these as important, but
concludes that the only really effective and
permanent relief which can be obtained
must come from 1rs.... ,e~.
-. IF COMPETITION.
:, 1T then proceeds to discuss how this com.
petition can be had hether by water-lines
or railroads. or both. 1t insists that the fact
that western products are not satisfied with
an outlet by way of the Mississippi, and seek
rans-continental outlets, settles the question
that there must be great lines from West to
East. ~ s.@
1t then discusses the relative merits of
canal and railroad transportation, and cites
the fact that New York has abandoned many
of her canals, and that in Connecticut there
is now paying railroad built on the bed of
canal that utterly. broke down, as refuting
the popular ideas Of the advantages of canals
over railroads. It insists that the Erie canal
forms no answer to the argument, since it is
o,oned by the people and had advantages of
priority OF date. Z i. .Ez-.i " Il as1
The report givesTas another great evil the
use of the same line for passengers and
freight; proposes to remedy this defect in
the system, and then proceeds to discuss the
COST OF RAILROAD TRANSPORTATION. q"
It ably and earnestly argues that hy the
establishment of one erclusiUe freight road
from the grain-growing sections Of the West
to the seaboard the cost Of transportation
would be very greatly reduced. n....
1t then states and endeaYors to meet the
objections to this scheme, and ably argues
that it is the great desideratum of cheap
transportation.
At the conclusion of the reading of the
report there was some discussion as to
whether the accommodations and views of
the report would be endorsed by vote TO
receive it. '-"~ - ~
1t was ruled that it did not; and after
some discussion, in which General 7. l..
Rosser of Minnesota, General Peyton Wise,
Colonel Littler of Illinois, and Colonel
Henry Peyton Of Virginia, partici pated, the
report was referred to committee consist
ing of one from each State represented-the
committee to be selected by the delegates
from. each State.-.---.-. --.--..a--......-=:.. --.--.a-.......
The Convention voted that a committee
should be raised in the same way to whom
aliIresolutions should be REFERRED. Ia e..
In order to oigive the delegations time to
appoint their committeeman the Convention
then adjourned until s O'Clock at night.
+ I t.s~, - hk cSSSlVAh'
The following committees were an.
Dounced . ~. ....u
On Eesolutions.-Josiah Quincy, Massa.
chusetts; Charles E. Hill, New York N.
D. Ingersoll, Colorado; General T. l.. Ros-
ser, Minnesota; I. B. Davidson, Missouri !;
General A. S. Piatt, Ohio; Colonel c. 5.
Darlington, Virginia; NJ. +. Maury, West
virginia; Colonel b. w. lFrobel, Georgia;
William Johnson, North Carolina; William
L. Moody, Texas; Lyman Bridges, Illinois ;
Colonel u. Wyatt Aiken, South Carolina !;
William Maxwell, Tennessee; William Key
ser, Maryland; Colonel K. N. Littler, Iowa.
On Reports. Josiah Quincy, Massachu.
sets; f. b. Thurber, New York; n: D. In.
gersoll, Colorado; General Rosser, Mime
sofa: Il. G. Conant, Missouri; S. H. Ellis,
Ohio R. NJ. 4. Hunter, Virginia; NJ. F.
Maury. West Virginia.; Z. NJ. Rucker,
Georgia: A. Graves, North Carolina; W.
L. Moody, Texas; James L. Allen, Illinois;
Colonel D. w. Aiken; South Carolina; Wal
do NJ. Potter, Iowa; William Maxwell,
Tennessee; Oden Bowie, Maryland. ,ts,E
The Secretary then read his annual report,
which opens By taking the position that 1t is
as absurd to allow the iron highways to be
controlled by, corporations as for the high.
ways leading into city to be obstructed.
It saws that while this Convention has no
Legislative power it is the glItering edge of
the great lbattle.axe welded by the power of
the-Peeple. - .--..-
The report them gives sketch of the pro-
gress of transportation schemes during The
past year, and gives statement Of the grand
projects that are on foot. ~-s.a' :.G., a
1t concludes by assuring the people of the
South that the North is now ready ohelp
her in her internal improvement schemes,
and that as they have found the Southrons
the braYest OF foes, so now they would una
tbe people of the North the truest Of