The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-02-04
NORTH CAROLINA.

-, ,~,yr M.rTERs--FEATUREs OF TIE
mn. CREATING A RAILROAD COMMISSION
,vrry 10 PASs-RAILR0AD OPPOSE
-, CONSTITUTIONAL QUESTION Az
,.,'e.r,,n 5ur TERMINAL CoMPANY-MAR-
p,pKs AND THE STATE STOCK IN CHE
.tpE,IARIH CANAL.
,correspoudencc Of the Richmond Dlspaton'l
RALEIGH, February 3, 1888.
III, Icoislaiure has four weeks more IN
..,',"b 20 comulete lis work. when is ses-
Nv VIII expire by constitutional hihl'a-
~, ,im The ,,osf important legislation.pro-
w." l. vol before il. because 1t has taken
posoV - NV, II in shape and develop II.
, ,.,' ',,acbinery bill and the revenue blll
n' "srlv reTicctcd, and although they
|. "' ,,c,bing more than routine matters,
,ic- are az vast practical importance.
= IN hid creating. railroad commas
49,, II attracting most attention, or.
",,,or should say the bills, Tor
r. are A. numerous as the hopes OF being
81, co,,misS,oper. The bill most likely to
80 creates commission OF three, with
lI,rics nj three thousand dollars each per
annum. IN he paid by the railroads. The
commissioners are 20 be elected Dy the
1eo,.Ioture. and rurlor l. already busy
IN tho names OF two distinguished scna-
tors and very prominent member OF the
iGo,,se n the probable officers 10 be chosen.
rho railroads do not like the idea Of pay
inc men 10 watch them, and will, fancy.
onnose tbiS provision OF the bin. OppoSi-
lion from this quarter, however, Is danger
ous AZ II NAV influence men otherwise op-
nosed 10 the bill 20 vote Tor IT.,
~ thore are many members who as
a matter OF principle vote against ANYTHING
that a railrond corporation wishes done
Rut Won may set II down as true that there
will be a railroad commission created IN
Vorfh Carolina, and that It will have very
extraordinary power. After its creation,
whether IL will prove effective remains TO
be seen. There is excellent authority in
favor az the doctrine that the Legislature
cannot interfere with the rights OF corpo-
rotions vested in them 10y their charters
where such corporations were created be-
fore the Constitution Of 1868. Ii is con-
coded that charters granted since 1865 are
subject 10 legislative control by conStitu-
tional direction. Opposed 10 this doctrine
andasScrtirgthc broadest right of legislative
control over corporations created at any
time i good. very recent, and growing
authority. The Governor boldly prOmul-
,sted this view in his last message TO the
LEGISLATURE. The supreme Court may be
called upon 70 decide il, and unless It's de
dsion il apsce with the sentiment Of the
dov the old roads Of the State-i. G., the
poleioh md CASTOR. Wilmington and Well
don. the North Carolina railroad, the Pied
mont railroad. Carolina Central, and West
erin North Carolina railrOads-will give the
commission some trouble in regulating
their rates # they are so disposed.
There is n growing sentiment that the
ncople are taxed quite IS much a they are
able "a bear 10 support the public schools,
and that there is danger of excessive taxa
fion in allowing additional levies OF taxes to
communities upon their option expressed
l,y legislation. It's difticulttO see how the
Legislature can prohibit people from taxing
themselves, however, il they want to, and
il they do il so that it bears evenly on all.
The bill authorizing the Western North
Carolina TO sell their bonds TO raise money
with which to complete the road will
pass it is thought, not, however. in its pre-
sent shape.
The West Point Terminal Company will
have TO pay the 100000 which they now
propose 10 pay in bonds in money. Ii
the bill passes the company can raise the
money very easily.
Marshall Parks is after the states STOCK
in the Albemare canal, and for ii proposes
To give in return more canal. As the
stock has no market value the State will,
it seems, make good exchange to swap it
of for hole in the ground.
Mr.. L. j. Hale will on Thursday next
revive the Fayetteville Observer. His IA
Their was it, able editor for forty years
until Sherman destroyed it.
Mr.. George w. Simpson, wealthy clti-
zen Of extensive notorety, is hopeessly
paralyzed. lie was very prominent in the
State in the days OF reconstruction, when
ne amassed large fortune.
The city il lighted with gas now instead
OF gasoline, and is too happy over it to
think about It's cost.