Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1896-08-19
Against New Railroads.
New York. N. Y, August

New York. N. Y, August 10.
Editor Manu- acturers' Record:
Until capital comes from some other
country, or our financiers change their
tactics, there can be little hope OF
development. The owners of trunk
lines, or systems, openly avow that no
new construction shall be made except
as sanctioned by them at least. Hence
the time has arrived when work will
have to be undertaken in spite of
them, and not by their permission. I
have recently talked to a number of
syndicate people. and with one accord
they openly announce hostility to any
independent railroad construction in
any part of the country. They say it
will be the settled and pronounced
policy of the syndicates to stangle
independent development. This is
not an idle or fancy story, but the alb
solute truth.
Mr.. -, of the firm of - Broad
street, told me if he could have his way
he would draw a line from the head of
the Mississippi river down to the
mouth of the Ohio, thence eastward
to the mouth of the Potomac, and
secede from those sections. People are
saying and doing such silly things that
no wonder we are having sunstrokes
and mad dogs. The beautiful epithets
of anarchist, traitor, etc, are about all
that are heard in Wall street now.
They devote their time to that and to
SHINING each other nowadays. All
that sort of stuff will purify the atmos-
phere and put the South forward ia
the long run. sWhom the Gods wish
to destroy, they first make mad,
WALL STREET.
The foregoing letter is from Wall
street operator-one Who has made and
lost fortunes in business ventures. 1t
is interesting as showing how even
some Wail-street pscEfe feel. The init
nation that no raileoade can bereaftef
be built except by permissioo OF the
syndicates that now practically con-
troll most of the big railroad systems is
an unpleasant reminder of the giant
financial power of a few great houses,
but they are mistaken in supposIng
that no more roads will be built ex.
cept by their consent. More roads are
needed, and more will be built. If
Wall street would be satisfied with
s'skinning each other" the rest of the
country could be satisfied. and our in
dustrial interests would be freer from
the influence of spectators.
SAD AcCIDENT.-Qxford, N. c., Aug.
B.-A most heart-rending accident
occurred in Oxford Wednesday after
noon, causing the death of Roy Hob
good, aged nineteen years. The young
man in company with his brother.
Professor Frank Hobgood, and friend
Mr.. Edmunds, we're in Venable's field
in the surburbs of Oxford, shooting
bats when the gun in the hands of Mr..
Edmunds, was accidentally discharged,
the entire load passing through Roy
Hohgood's head, killing him instantly
He was the second son of Professor
Hobgood, president OF Oxford Female
Seminary and was spending his vaca-
ton at home having returned from
Wake Forest College where he W q
pursuing his studies.
LONDON, Aug. 13-The dynamiters
DAILY, Gallagher. Devany. Whitehead
and one other political prisoners will be
released from prison as soon as the doc
tors advise such action Daily, who is
ill in the Portland prison, has refused
to take food for the last week and it
has been necessary to force nourish-
ment into him by means of stomach
pnmp.
Governor O'Ferrall last Tuesday
iSSOod rorutcit;op m +bo 1l.:oe T..