The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-04-23

do his part toward opera lub w
He (Mr. Gould) found that he had
enough 10 do to marsge the Missouri
Pacific, but his friend there Mr.. row !
derly) undertook a great deal more;
he attempted 10 regulate all the rell-
roads, All the shoemakere, all the
bakars, every trade. That was TOO
brnad.Hhouldered, aud he dld not
wonder that his friend had broken
down under il. As to arbitration, he
believed that voluntary arbitration
would be betteT-more soughS ior-
than compulsory arbitration.
Mr.. Burns remarked that the volun'
tary conference between the witness
and Mr. Powderly bad not resulted IN
an arbitration, or at least that the Wit
nese' views did not seem to have been
executed In st. Louis.
Witness replied that on the con-
trary the company was always READY
for aTbiiIa,iOn The point wee thst
they refused TO recognize the knights
OF Labor. There we're 10 900 men en-
ployed on the Missouri Pacific who |
did not belong TO that order. /
Mr.. Burns asked II witness knew oil
the Issue OF the order Of the ROAD.
master forbiddirg the employment OF
knights Of Labor2 Was that not a
recognition of the order, he asked, and
nto, why no recognize them for pur-
poses Of nrbitrationY
Mr.. Gould replied that 1t was mat
ter Of pYecau'iOn, and with those
threatening proclamations out, he did
not wonder that Mr.. HOxie bad taken
the precaution; II was his duty.
Mr.. Burns--Dd not think the an
swer WAS responsive, but would moi
prefs the quest on.
At this point a recess was taken
APTRR RECESS.
Afterrecess the inquiry was resumed
and Mr.. Cultivate inquired: Then
ven did not intend or want to have
any arbitration or effort 10 settle any
difficulties with the Knights OF Labor,
who had struck, or were out OF your
employment at the time, was the I'M
derstandingf
Mr.. Gould-That is IL distinctly.
Mr.. Burns inquired as To the Tela-
tions Of the Missouri Pacific with the
3 | EHllAOhub INV AhCOA HOAotOa ~
the eystem, as TO the amount Of stocks
: and bonds issued, and as to other
} matters connected with the company,
which information Mr.. Gould prom
= ised 10 furnish hereafter.
Mr.. Burns also inquired as to the
general effect Of the pooling system,
and Mr.. Gould replied that its genera
g effect was benz fetal to the public be-
y cause without 1t most, II not all, OF the
z railroads would be in the hands OF re-
r ceivers.
Mr.. Burns-Why would that be the
a result2
. Mr.. Gonld-Because Of low rates
= from excessive competition.
T Mr.. Burns-Then competition is no
= the life of trade?
4 Mr.. Gould-Eo, sir; and the result
/ would be that wages would have to bt
a cut down 80 per cent. Labor is very
= large element in railroad expenses
] directly; il amounts TO about 90 PEI
I cant,to say nothing OF the expenses II
{ steel rails and other railroad material
q Mr.. Burns-If pooling is benefci a
2 30 the railroad companies 1t is alsC
. beneficial to the pecple2
8 Mr.. Could think 1t is. The pub
lie is interested in having strong, abl'
: roads, well equipped. have Away
;, found that real estate sells higher, ant
o the people would rather live on tn
II lines OF railroads that are financiall
3, strong.
Mr.. Burns inquired as TO the gen
II eral proportions between local earn
Q ings aud through earnings OF railroads
hut Mr.. Gould declared himself uu
!. able TO give information on that point
q The chairman remarked that b
d wonld he very glad to have the scop
n tf the committees examination eT
larged 80 as 10 extend II TO the mir
d ersl regions, because il the committe
meant anything, it meant to quiet Ia
N unrest in the country and to provid
B g remedy for il.
II Mr.. Gould (good humoredly-
a. shall be very glad to read the opinio
"a of tho committee when formal n
n port ia arrived at; and will keep 40
K. Investments may have to make
" abeVance until then.
q. The Chairman--I hardly think yo
d. will do that II you get a fair oppo
N unity TO have a shy at Wall stree
le and | would like to be in partnershi
K with you,
r This closed Mr.. Gould's exsunin
a. ton, which extended over four hour
ID He gave his testimony very brief
ne and in a low tone of voice, and d
IN not volunteer any statement, conf
r; ing himself merely to answering Il
,e, questions asked him.
~ MR.. HOPKINS,
.lr tho yiee-president Of the Missouri l