The Caucasian. (Clinton, N.C.) 188?-1913, 1895-11-07
LIGHT IS
BREAKING
Our Principles Are Gaining
Long Closed Brains are
opening.
The cirveiaal wssid. Big Daily Pager Declares Fs,
6svesnnesf 0wsership si RaiirsaAs-rhe Pesv,e',
ps,fy Party ptsfforn IL (isiai,ss Greuak

Party Psrty Pisfisrm Is GaisirS GresaI
The Cleveland World, one Of the larg-
est daily papers in Ohio, comes out
strongly for the government owner
ship of railroads. This paper at first
proofs daily that the great economic
principles advocated by the Peoples
party are taking deep root in the minds
editorial in full as it appeared in last
Sundays Cleveland World.
ait has been aptly remarked that the
railway system of this country is q
sphinx whose problems must be solved
by the nation or all true national life
will be swallowed up. While the con-
solidation of all railways into one cor
poratiOn, managed by the State, may
proposition, it is bound to come some
day. 1t should be borne in mind that
such a change could be made and all
the rights of private inventors as we'll
as those of the public be reserved. In
deed, in some respects it would be far
better for those who have legitimately
invested their money in railway stocks.
Such course would remove all the
dangerous conflicts and all the elements
of irritation and enmity between the
railways and employees and the pub
lie. But above all, it would do away
with the greatest source of waste and
loss of our modern civilization.
1t would unite the several States Of
the Republic and constitute force for
cohesion and union of almost incOn-
| ceivable power. The enormous in
vestments, no longer used for stock
jobbing and gambling purposes, would
be a magnificent background for the
safest and most permanent banking
system the world has ever seen. Rail-
ways would then be out of politics,
| the corrupting influence in the State
| legislation would be at an end, and
dangers that threaten our whole sys-
tenn of government averted. The bene-
| fit of consolidation to labor would be
incalculable 1t would elevate the
10000 people employed, giving them
uniform wages, an eight-hOur day and
increase their self-respect.
1t is easy to decry the tendency and
i describe the dangers of this consOlida-
tion, but the public know the best and
cheapest service is given by the larg-
est companies. To-day seventy-five
companies represent over so per cent
|
| system, carry S312 per cent. OF the
of the freight. This property, repre-
senting nearly s1O,OOO,OOO,OOO Of CAPT
tai and annual gross earnings OF
over $1,OOO,OOO,OOO could be man.
aged Just as we'll if not better
BY body of railway experts
at Washington acting for the
government and in the interest of the
people-by a body of men as unim.
peachable as the Supreme Court. The
amount saved by consolidation would
enable the government to pay at least
3 per cent on the investment instead o.
2 as now, 1t would give employment
to more hands because of the eight.
hour law and give the public better
cheaper and more equitable service. i
would lessen the chance of labOl
troubles on the one hand and remove
the danger of the concentration o
, wealth in the hands of the few by tn
enormous and fraudulent fortune
made by railway speculation.
In England it is safe to assume tha
, majority of people have about mad
: up their minds that the railroad
would be much more economical
managed and the public more salts
: factorily served if the State, instead Q
: handfulof railway magnates, admin
Q istered this enormous trust. There "
! find far-sighted, conservative states
o men and business men strongly advC
: catidg the absorption of the railway
by the State. This idea has long sine
passed out of the hands of extremist
p and cranks, and is receiving the BET
thought of those most deeply interest
Y ed in internal commerce, the board
d of trade and commerce, and at
q ricultural organizations. In shor
h the idea of national railway
4 has crystalized, and will prob.
bly, becme an accomplished fa'
. in the mother country this genel
e alton. The idea is, in fact, to-day
Il the realm of constructive Legislation
e A question involving the profits
8 hundreds of thousands of investor
q three-quarters of a million employ
o. and every trader and manufacturer
:, the United States, will never be settle
until the government takes hold of
In the interests of all the people.
t Pile Up tho Natl ional Debt.
ID New York RecorderI
b If Mr.. Cleveland and his Secreta
ID of the Treasury can carry out the
le financial policy, the national debt