The Louisiana cotton-boll. [volume] (Vermilionville [i.e. Lafayette], Attakapas, La.) 1872-1883, 1874-02-04
GENERAL.

Gushing has sOnt letter to the pres
idont asking the withdrawal Of his nomination
for chief Justice, and tho president has acted
accordingly in communication to tho aonhto.
Tho governor of kRnaRB in his annual
| moHBRge favorR an increase Of national cur
rcucy and tho abolition Of national banks
the election OF United States senators hy tho
people tho Romi-annuRl payment Of tnxeg
n constitutional convention hud n repeal Of The
law aHHoBHing railroads on their gross receipts.
The message OF Hamilton II. Taylor,
rofcrm governor of WHConain, denounCoH the
Extravaganza Of outgoing Republican adminiF-
tratiOn Of tho Htate urges rotrenohmont aud
now Bourcos Of revenue by taxing oEproHH and
telegraph companies; would Rhorion logiaa-
tive RcsHion TO thirty days, RHkR laws for hcttcr
protection Of dopoHtora in bRnltp dououucoR
protection RB foeterng tho oaRt Rt tho cxponso
Of tho west. Considerable space R devoted
to transportation. TIe doubts tho proprioty Of
appeals to tho federal government, but there
can bo no doubt Of tho power and duty Of tho
ptRte government to leRiRlate for tho proven
tion Of inirond cXtoltiou aud MONOPOLY. Az
tho best plan for regulating railroad traffic,
give the railroad companies n full return for
runang expenses, the repair Of roHlp, and
fair iAteroat on tho capital invested, which
should be sufficient to encourage tho further
Investment Of capital in this direction. All
discrimination in ratios among shippers should
bo prohibited and the classification Of freight
and ratoB Of fare should bo subjected to mod
inoation or revision by state authority. All
consultations or combinations between com
panIes owning lellinog Of railroads should
be prohibited, and he fRvorB railroad COM
mission.
Mr.. Hurlburt's bill, introduced in tho
house, proposes the construction of II double
track freight railway, from New York to Coun-
ell Bluffs which branches to Chicago and 81.
IouiB. Tho railroad In to bo constructed and
operated by corporation under tho auspices
of tho general govornmont and controlled by
a board Of government commissioners. The
ratios for transportation Of cereals nre TO he
fixed ut mills per ton per milo for any diB.
tance over 7b0 miles, tho entire length Of tho
road being fifteen hundred miloH; for shorter
distances than 100 miles, the rates are TO be a
little more than mills per ton per mile. Tho
road is TO be operated excluaively aB freight
road for cereals, stock, and other productions.
Trains will move at the quickest but the most
economical ratio of speed, which will bo at least
ton miles an hour. Tho cost Of the road in
estimated at one hundred and seventy-Ave
million dollars, including the necessary rolling
stock Tho government aid suggested Is
guarantee of per cent. interest ON thirty mill
lion bonds. Tho capacity Of the road will be
60, 600 tons day each way. The commission
era arc TO fix tho various rates Of trRnBpsrta- |
lion and mako suitable provisions, for the |
arec and safety Of the freight carried. When
the road shall earn beyond what In necessary |
for the payment of interest on tho capital
stock AMI eight per cont. dividend, the rates Of
freight originally established arc TO bo ro-
iuCed