The Caucasian. (Clinton, N.C.) 188?-1913, 1897-02-18

Sarsapar
10 t.sc hcst - infa.f
~
Hoods Pills
Statewide az NJ
sas no power lHH.
Directors 90 HE N
raad Company 9 -
construction 90
lease OF ISL The TO-.
turn oy,r the "a
tioa Of its l.as. lu
~ a. WAs rrcrisrf
NOT Renewed 20
lessee 10 replace -
condition IA VIII ~
G~ther unfit for a..
ments Of tran
everything into e..
noriiy Of your Gag
opinion that ia T.. -
ectors acted wts,4 -
the private stock
the control over >.
portation vested -
power, and in III 80.
zion appointed 10 -,
late this matter: fr
dency o: all inV.-'a 80.
stantIy dimini.hir 20.
and In fuFth,ryi.N a.,
the fransportxtiur TO-.
olina shall becomr -
ture than IL has be- 49,.
human PROBABILITY rss.+
parallel will be- "a. -
State, bringing DE-, ~,
gress To the cuu.ruI.,.-
which they shall pa r..
your committee mr. # a.
that The length al il- ~.
~ To the approval p' ~,
an added element ul ,,r
Is true that a highRs, -
III unhsmpsred O., ,,.u.r.fs.-I
lowed To charg- r,rs'.t.,,,
would be OF incr,A-,r.n..
years 60 ON, 81 j. D.. III.
future can be-, tia WIN 10.
oil income other ruaH- A..
strrcied aud The raI.- -.
the minority al Srar r.D, :
hiring n monopoly ar. to-,
the great-st good O.. .I . ~
Der would be bet - --+,.s j
and urresiriCi.d ,.rr..t.,
not think ~ wis- fur ffr -,.t.
upon n monopoly. btsaU--
10 b- n stockbold,r ff.-.,a,,.
IL shouid claim np r.r a,gt,
would deny 10 it, ,r ~. a.,
reasons the minrrItR s.s.
that The length oi no.. |ss.. +.
lection bat ON ii.. .rrraf, ga,
cures Tie State ia Arr..i.gs n
erations To come. 8lr grtr.
holders almost with ,.tr...r
nestly favored and zoos '4faft.,
and especially commr1a %. la
To the suggestion a. "a 4,
made that the S.abstg A.
would give a largerr-n'a. "A
said, IN the first 'pll b., 'iat ,
was before the Ammfr'.por +
the Governor, wni,h Es.
ible Of legal .nfor ru-f-
the letter 81 rr,..fut 4
was accompanied hs a
Tor restrictive l,s -lst.8n
the lines Of the bail iu 10. +,
sections already dis-u. -a vi
minority Of your comm n.
should not pass. TIE ~ Is .ul
oil an increased rental ,rus
competing line, and wfuaa 10
rect conflict with the a. in'
by q member u this conn ifr-
mas already passed th4- Hor
substantial nnanimity. aui,
10 believed will soon be .fsris
statute. Even il such --st,,.
not be enacted, the conr,- p,
that 1T Is contrary TO put ~
contrary to the genius ui ire.
tons mat competition n
crushed.
That the Seaboard Air ! -
10 . competing line wa So,
questioned before the conn m
q short part of it's di.isu H.
parallel with the track rf IA
carolina railroad and upau
0f way. The two system rnn
Raleigh, Durham and Csrnir
road for all north bouud IA.
bound business, and each IA.
minus and is strongly compel
Charlotte. At HendersuI
board and the Soui hern ar. 4
avowed competitors, and in n
les outside Of the State. In
ooro connecting lines IA.
pete. In short, IL the case d.
the Supreme Court Of tie
states citad before the comm
nnquestioned on the argunf. .
Vile q Nash, X. r. agsin., a.
10 good Law. there can be no
OK the fact that the only Of
from q competing line, and a,
De accepted. 1t il virtually ,
In the message of his Excl .
cause he asks that the State u.
an exception to it's policy.in
s.ance. Upon what po.sib .
-nali the State be a.k.d t..
the law and its just policy iu
the Seaboard Air Line?
Whether this offer il mad
faifh or not the minority Of f,
mitfee have no means # !
certainly III the stock Of ~.
Carolina Railroad Comma
tease oil seven per cent. We
was worth sl35 per share
be any reasonable ~,
on securing a lease which Va
Iiiy the payment Of ten Der -.
Lne stock, the value of the st.
certainly &C once ris. TO at :.
pr snare. Ard yet the i.
financial centres OF the cour.
solu'eiy without prejudice. a.
ing at the matter purely Il
ncpoint Of investors sho
opinion OF the good faith of !
oy permitting the stock 10
very rapidly ss soon ss IN. :
Decofnes a competitor. Inyie
lsct therefore that this offer r
vas admitted in the argumen,
oInding upon the person ms
mo that IL il was made in g.
lnd cou'd be accepted. il wa,,
o q single corporation a mon
transportation business ioat-
Ion OF the State, the minorit,
Committee would not bes,ts-t
use the rejection of the nra,
therefore, even il the bid We,
'pon proper guarantees and
iori.y were of the opinion thx
.ou.o De secured to the raiIro,
'o.ing the system it would
'P'nlon, be invalid 1t the
lgainst public policy, even il
low on lte passage through IN