The Durham daily globe. (Durham, N.C.) 1889-1894, 1894-07-05

to Go their part IN Ine
vast resources of the South makes
their coming into our section doubly
welcome.
The New York Times says OF the
REORGANIZATION and the consequent
purchase of numerous roads III the
old R. & D, system:
In order to secure a harmonious reor'
ganization of the d%isiointed parts OF the
old Richmond Terminal system, the re-
organization cOmmittee-Ot which j.
Pierpont Morgan is the advisory head
and G.. II. Coster the working head-has
adopted the policy of acquiring by pur-
chase all rights and titles TO the various
properties. Thereby it hopes TO form a
compact organization, the purpose OF
which is TO operate roads on a business
basis and develop the OF the
South. Two or three roads have already
been purchased under foreclosure, and
others vet to be bought are the last
Tennessee, Virginia and Georgia, Georgia
Pacific, Charlotte, Columbia and
Augusta, Columbia and G~reenVllle,
Louisville Southern, Western North
Carolina, Northwestern North Carolina,
Oxford and Clarkesville, and Clarkes
Vile and North Carolina. The dates OF
sale of these roads have already been
fixed in July and August.
By next fall the Southern Railway
company will be in control OF one OF the
greatest railroad systems in the country,
and if the cautious and business-llke
methods that have characterized its tor
nation are adhered to in its operation, a
successful future ought to be its portion.
And the success of SO extensive a railway
system cannot fail to cause a notable
r~eawakening Of industrial enterprises
throughout the South. Moreover, a
great REORGANIZATION of this kind must
visibly help the business situation OF the
entire country. If, as is expected in the
case of the new Southern Railway com
pany, the knife is put deep enough, If
values are HASU MOI Will q VIC" ~ cpNC"
lative possibilities, but to earning capac-
ity, the success Of the undertaking Will
be reflected in other similar endeavOrs
and in a general commercial improve
ment. 1t is well remembered in New
York how the settlement of the West
Shore difficulties frightened the business
outlook. A reconstruction Of this nature
supplies life and new growth in place of
death and decay, organization and
strength in place Of division and weak
ness. That this great work has been
undertaken in the South is not only a
hopeful sign, but will in itself be a cause
of Improvement in business conditions.
North Carolina has orators in the
true sense of the WOrd-men Of the
sonorous, musical voice; of the
charm that comes from perfect de-
livery, as we'll as the e%loquence Of
literature. The address Of Hon.
Thomas w. Mason, at the laying OF
the corner stone of the Confederate
monument at Raleigh, was as a fine
specimen of that oratory which ON
bines literary excellence with charm
of voice and manner. 1t will long
be treasured. Yesterday another
contribution was made to our adj
dresses of this class, the speech Of
Prof. Edwin A. Alderman at the
Guilford battle-ground celebration,
on the life and character of William
Hooper, one of the signers of the
declaration Of independence from
this state. The subject was an in
SEPARATION and its treatment left moth
ing to be desired. There are SEN
fences in the address that will live
as epigrams and as specimens of
beautiful, and the whole address
was an example Of the compass and
expression of the English tongue.
1t will be published Ill pamphlet
form by the battle-ground commit
tee, and the people at large will have
the opportunity Of reading this gen.
Charlotte, Concord and Salisbury
papers all say that telephone lines
will be run from Salisbury, Concord
and several Of the near by towns to
Charlotte. The proper way to work
up a telephone system for the state
is to connect Raleigh with Green's
bOro, Greensboro with Winston
Salem, and with Charlotte and Dan
vile in that portion OF the state.
Charlotte and AsLeTilIc should he
connected with all nearby places.