The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-26

A-LGIllIll NNTsstlyAllI1 il
employment, and perpeluate lis useful.
ness ness ~ q clvilizlnE agent, throughout
the length and bredth OF our land, ,9:-l7
put OF Tile rohd's enrnlnE5 must first
be paid the expenses OF Operating II;
Then the Interest on the bonds ni,ist be
satisfied. while improvements and bat-
termentS OF the line are always demand.
Ing large sums, all OF which must come
from It's earnings, Aftsr all expenses
anu charges OF this character have been
met, u there should remain any.surplis.
y IS divided among the stockholders In
inc way OF dividends. These dividends
on The stock are always the last TO be
pau, anu they constitute the sole reve-
!lue los the. holder OF the stock, aud Ii
iollowsa necessarily that whatever addi-
'tloual amount OF money may be taken
from the earnings, with which to pur.'
chase gold. In order TO pay Interest,
must Come from amy surplus which may
accrue for the holder OF stock. II, then.
itrc1ulres 100000 per annum IN GOLD!
70 settle the interest on tho bonded In.
debtedness, and gold should 10 out OF
circulation under}tho. free coInnga OF Sill
yer. II would take from the compnny's
earnings 100000 silver dollars, to pur-
chase the 100000 IN gold. To pay thIs
liked charge, which. by the terms OF the
mortgage, can only be paid In gold. the
extra 100000 In silver required for this
purpose, must come out OF the dividends,
which should be Justly appropriated Ia
the Stockholders, and Mt one blow would
deprive them Of the 100000 dividend,
the lust reward upon the Investment
which they have made In the enterprise,
Results OF Free Coinage.
ut may be suggested that the net
earnings under the free coinage of silver
could be largely increased. This can
only be done In one OF two ways: First
By charging moro for hauling passen-
gers and freight. than is now demanded
under out tarlft ratea. and even this
method would become impractlcabIe In
nearly all the states, as they have laws
which regulate and fix the maximum
amount which railway companies are
permitted to charge for both passengers
and freight, while in many of the differ
ent class!tlcations OF roads. they do not
charge to the full limit allowed by law,
yet any increase which might be deter
mined upon, would be an additional
charge 10 the traveller and shipper,
which,, of course, would meet with siren
uous resistance from the public at large,
and especially from those now advocat-
Ing free silver.
Secondly reducing the wages of all
the employees, and that method Is al
ways to be deplored, for not infrcquently
the attempt to cut wages, results In
strikes and consequent loss. both to the
striker and to the company, and 1t al
ways engenders n spirit OF unfrlendl!-
ness between employer and emplnye,
that bodies no good to either; for 1t
would be impossible to Increase the
wages of the employees In proportion to
the decrease In the value of money, un-
less the railroad could Increase their
earnings In the same proportion. For
Instance: II the money In which rail-
road employee Is paid should be reduced
half its present value, then he should
get twice as much, In order to equnlize
conditions. But this would be imprac-
ticable, unless the railroad could earn
twice as much. and no one has the faint
est idea that IL the free sllverites should
come into power, We would ever have
any legislation to increase the earning
capacity of the railroads: hence. the
success of the Bryan party means the
inevitable bankruptcy OF the railroads,
and the Reorganization of railroad en-
ployment."
Mr.. William Alexander. of Bridgeport,
introduced as the next speaker. Presl-
dent John X. Cnwen. of the Baltimore
&. Ohio, in a neat speech. Mr.. Cowen
was received with repeated cheers He
said:
President Governs Speech.
"Mr. Chairman and Fellow Railroad
Employes:-Permit me to begin what
have to say by personal allusSn.
Twen;y-eisht years ago last April :. /
made pilgrimage myself to the town
OF Canton. went there to attend the
district court for the purpose of being
examined for admission 10 the bar OF
Ohio. A distinguished lawyer Of that
bar-two -,1f them. indeed. examined
me for admission One OF those Is one
OF the ablest advocates and ableSt law
ycrs to be found in this country, and
who, though 4 Democrat, Is here to-
day to speak to you: the other gentle
man who gave me my certificate Is the
next President OF the United States,
William Mckinley. CApplause.)
"Mr.-William Lynch, who is here to-
day and will speak TO you, Is Demo-
crat. Mr.. Mckinley was Republican,
but Is patriot all the same. Cap
plause.) ! have 4 Very interesting rec
election of that occurrence. and Of
course It could not have been foresecn
at that distance Of time, that In the
city of Wheeling two gentlemen who
have always supported the Democratic
ticket, one who was admitted to the bar
then, and the other who gave him the
certificate OF admission, both voting the
Democratic ticket, should appear be-
fore railroad mems club advocating
the election of the Republican candi-
date for the presidency OF the United
States. (Applause.)
ABody oT"COcrccl" Men.
with this personal alluslon, let me
make another suggestion which refers
to the boys who are here. Looking
into your honest faces, l am struck
with this notion that Is SO assduously
circulated by the silver press, that YOU
are 4 coerced body. Now the only per-
son that Is cocrccd to-day are not you
men who have come from engine and
track to hear Mr.. Lynch. and me. but
the coerced person Is myself. made
the promise short time ago TO come
and / got up out of a sick bed last
evening with the purpose of fulfilling
that promise. am the only coerced
man In this town now. (AppIausc) 1t
comes with very bad grace from my
friend Senator Jones, of Arkansas, and
can speak of him in that capacity,
because he Is n friend OF mine. n state
where they have not counted n vote
for twenty years, Uaughter) to talk
about railroads and other corporations
coercing the employees. Just think Ola
man from Arkansas talking about CO.
crciJn; and that following the throwing
OF rotten eggs at John G. Carlisle, one
~ thu fret citi1nnS NJ EantIIclty. the