Savannah morning news. [volume] (Savannah) 1868-1887, 1881-05-06
LETTER FROM ATLANTA.
All Quiet Along the Lines - The
Speculative Fever Subsidies The
Railroad Commission and the
RailrOads-PrOmIse Benefits from
Mr. WadIey's COmbfnaI1Ons-Rea
Estate la Georgia Looking UP.

ATLANTA, May 4-EditOr Morning Nelcs:
Unusual serenity prevails at the capital Trade
channels have lapsed into the quiet naturally
to be expected at this season, and the brain of
enterprise is engaged in working up new
schemes of profit The echoing sound Of the
hammer and the musical clink of the stone
cutters pick is heard all around the city. indi-
eating that the work of architectural i'm
provement is going steadily forward and like
ly to make rapid headway ere the short days
and frosty weather again return to check the
operations Of the builder.
The startling sensation Of the late negotia-
tions affecting railroad interests in the State
and exciting speculation in values, seems to
have settled into general feeling of satisfac-
tion, that the honor and welfare of our people
and State seaportS viii be preserved, with
growing disposition to give due credit to the
Central Railroad officials for the vigorous
manner, skillfully executed, in producing
these brilliant results The effect will
be seen in more cordial and
rival interests in the several communities of
our State, and in tendency to more closely
unite people who for years have been inclined
to watch each other with jaundiced and
Jealous eyes. Nothing now remains to
bring about perfect and intelligent under
standing between the thinking body Of
our citizens and the great carrier lines
the livelihood OF so many depends, but
the modification of the features of the Com-
mission, which, as it now operates, is an
anomalous and iucongruouS institution in a re-
publican government, as has been so per.
sistently and ably urged by the NEWS and other
journals The leading paper of this city, among
Influential members of the press seems to
stand pretty much alone in insisting the
continuation of the arbitrary characteristics of
a triumvirate installed in spirit of class legis-
lation if not malevOlence that has blinded
oN1 Nf.a fr
despotic phases of the law. That the rail
roads should have prospered in spite of il is
owing entirely TO the extraordinary crops and
consequent enormous value of business flowing
from them, but the fact of this exceptional
prosperity does not make the law, as it stands,
more just, nor close the eyes of the rejecting
to the danger of the principle involved. and
the probable collapse of this property on the
first failure in crops, saying nothing of the
effect in making capital cautious in putting it
self under a domination that tends to cripple
its investments and refuses full authority in
their management to thoses Immediately inter
ested.
Another tendency of the recent success of
Mr.. Wadley will be to attract more marked at
tention to our section from monied quarters,
for it shows a vigor of resolution that inspires
confidence in our future. Georgia is the cen
tral figure in the Southern group of
States, as viewed by Northern OBJ
servers and faith in her prospects is grow
ing stronger every hour. Constant accessions
are being made now to the enterprising part
OF our population by the removal here of men
of means and pluck from the North and West.
One firm of extensive connections, Nelson,
Barker & Co., who for years have been lending
money on property in Iowa, have transferred
their Office to this city within the past few
months, and are making loans freely on long
time upon every description of sound real
property offered them. Their supply Of capi-
tai, furnished by rich men North who value
their judgment and long experience, appears to
be unlimited. These gentlemen express them
selves as delighted with our State, which they
never visited before last fall, and emphatically
announce that they have come to stay and to
cast their fortunes with us, not doubling, as
they assure US. that shall ere long see de-
cided looming mp in our real estate market.
They are much interested in Mr.. FontaineS
movements towards stimulating immigration,
and have had long and suggestive conferences
with him upon the subject Our land owners
then should not despond but renew the hope
Of better day soon dawnIng. 1t will refresh
their patriotism to discover that the great vir
tues Of our mother State are being practically
recognized by worthy and discriminating peo-
pie from distant lands in deciding to make
their homes permanently upon our soil.