The Caucasian. (Clinton, N.C.) 188?-1913, 1896-12-10

se- ~.is rEt tEem cIf ~ Dontoa
nricss- Tss, 10 the -S.n,~~I" tL,ss
by the 80 Ard ccgn,te n-sko5. ,or
And ycur prsdsoe. OF, have ssaea~I
wealth To an extent that .horld be
beyond the dteams OF avarie.. In. "a
this lime arists aud s.a,,saea h.~.
invented no vAy ,otr,.ea, zach IN.
iqnUles- IL - rot my basipes. q.
the chief servant OF tho people of
This State. 20 so mAnas. their
properly as 10 erhates III.
value of the prop. r,y % pri.
va'- Individuals. l have moth
iug TO do With tie minority stock.
It's owners are entitled 10 the sam.
tqnal protection OF the Law upon
THIS As upon any other Of their prop
eri!; their cattle or lands OF factories
no more. IL they happen To be
the owners CT \ sptc.ss of property
which Is liable TO be eaten u, by the
cannibais OF Wal ard Lombard
streets, II 10 no concern OF ours ssye
IN SO much As they may be enii,lsd d
10 receive from rs that sympathy
sbish ought 20 be common o. men.
Instead OF saying this 10 the
owners o! the Southern railway sys-
ten, our Democratic Governor gave
away this splendid property to these
multi-niliionaire on Substantially
their own terms and. II the lease "a
sustained by the courts. threw AWAY
the chance 10 turn millions OF dol
lars into our treasury. And he
stands for the crowd who for twenty
five years have practiced biennial
Mysteries over the misnanagement
Of their opponents"
but has not the North Carolina
railroad been already leased TO the
Southern, and is that not an end OF
the whole thingi
at is not ended. The Populiss
party. in their State convention, de
nOunced the lease and demanded d
that the Legislature should investi-
gate it and take steps to cancel il.
The Farmers Alliance have made
the same declaration. Unless / can
see that am wrong in my views Of
this transaction, l shall advise the
Legislature to adopt measures look
ing TO the cancellation Of this lease
and for the restoration of this prop
erty 10 Tie peo. le. IL the courts
shall hold tha. the Southern Rxii-
road Company bas acquired . vested
righ. then their lease must stand
Vested legal rights must be protect
ed even though they be, in good
morals and in justice, vested wrongs.
This principle is essential to the ex-
istence of civilized society.
"As 10 the Atlantic and North
Carolina railroad, the attempt OF
the present Democratic administra-
ton to lease it 10 Wayne county
corporation will, | presume, be
abandoned if 1t be true that respon
sible parties are now Offering a bet.
ter price. AS | understand it, the
Goldsb ,ro syndicate are saying tha,
it their lease is consummated the
stock will be worth $40 a share or
the market. If this is so, or if they
believe it to be SO, let them offer s.;
IN purchase of the stock which be
longs 10 the State and to the coun
| ties. 1t seems to be that the Stat,
would he glad TO sell lis stock fo
about 100000, provided the stool
held by the counties is taken at th,
same price. This would take tn,
railroad oat Of politics and the poll
tlcians who for twenty years have en-
joyed it in politics would be happ,
beyond the dreams of poets.
"Of course l know that this tall
will shock some goody -goody folk
who think that q Governor" ough
not to de. cend close enough TO III,
earth for plain speech. But you Sc,
| am only a plain citizen now. Here
after | may call up some of tb'
truly good" the "Roni" as Cicer,
when he was paying politics OIL
their side delighted to call them, il
order to lake lessons from them il
dignity ard-snobbery.
Il want you to add that do no
mean to impute any corrupt motiv
to Governor Carr in these trunsac
tions."