The Caucasian. (Clinton, N.C.) 188?-1913, 1897-04-15

eighteen hnncr,s - "a
With tssDoeo n. =. H.,
mile. ihes clAru 'rs.,
earning we're GA s., -
and IN eighteen tur
i've. with $50. a. i
per mile ibey clA4u ~,
mile net earning a.
hundred ard niu-', - q,
PER mile ErOss EAR :
have gotten a. O.. =. "a
81, 66tcn Per mil-. O.
these statement. 90. ---s
big may be the EAR st.
Carolina Railroad =
Southern, have L.-r .-.---'s-
net earning. or o.
purposes In conr-a "a. =
Of this property So
people OF the State a.
During the very y-a-. u4'.s)
been pretending tia .r -.
than seventy per s-r-
earnings 10 run Ia Ne,
Railroad. with gro. no.
and six Thousand do.s-.
claim n TO oth~r KAi.r..e.-
State, not leased. but uup.s
that these with = gro.. -
Ss,s0o. 90 per mile arr afse
n4y-eight per cent 80 .i-r(
ing forty-two per 90. a..
n net earnings or pros. n
rious. as ! am infurf. . a..
that these owned linz -
Railroad Company D. fa.S
been inferior 10 The No-t
Railroad. Ne To their raa.s-.y
ures, and general pr, Al
and they claim that cor 90
rior, and come OF them "A "a.
roads. earnings accorciug,saJ
showing. only ss.ssntr I-rs
net . net earning or ;rasf :
81 100 90 . mile, they gr'an..y
or profit Of aboutsl ,:,a,tuar.
out of the North aroi.u 4.
which l assert f. one of tb.t-l
road properties in Amrrlea AL
ing according 10 Their "a
81 10000 . mile gross. ih-y r. \
profit only about sl.annt6a
cOrding TO these Stat, nl-n,. -
asking the people Ia h-li-,. "A
creased business dot- no y
profits story which o.. no 4
by the merchants. manu,.r;u,-
producers, who support 'h-,. a !
nor by intelligent persons ,
class who are at ali A. uaiu...
railroad methods or oprrA,iot.
.. On examination I fins ,u
the three years above m-niia.
Wilmington and Weldon hI
Company and its branct-... al
Of about four hundred mile. "a,
about double the nilesg- .l,a.
cross-ties, and maini-uAno. q
way, reports rs follow
sross Net Pee Z
Per N. Per " ir I
For year end
ing July, 3! e3.l51 81
For year end
ing July, rs 3.Ie3 l.@o
For year end
ing July, SO 3.ss7 Ia
1t is thus seen that the Mllr,
and Weldon Railroad was srs.
ings about one-half as mud
North Carolina Railroad rh.l.
or profit that 10 nearly egut
Of the North Carolina Railra
pany.
\. l find that the Raleigh Al
ton Railroad Company clam 4
port, that with q gross incon.
four TO six thousand dollsr 4
it's operating expense. tnaI
something in the nrighb9tl
seventy per cent. This Rag
CASTOR Company belongs n >
board system, which .u.-,
some years ago by obtaining I
ity of its stock and then ur,aj
minority stockholders. Thu
suppressing the truth ssie
earnings ] strongly susp-ct.br|
know their motives. isI.r|
it my business 10 examin.
as me Seaboard is not nov .fal
futhering schemes 10 .poll
State and loot this TREASURY.
But the motives of The \
RaIir road Company, in kesprg|
the net earnings of the Nr,
lima Railroad Company and
ing up the apparent earning
own lines, are obvious. Th-s
lines are u part ofih-ir grrsi
system. upon which ther Ia.
five per cent gold bond. an
to one hundred AID tV-ry
dollars. They seek TO entf'
market value OF these bond..
they must make q good sbOE
mOrtgaged lines-to The Il
Drexel. Morgan and Company
load them on innocent inye.is
up cash in their Golfer .ne
pared for other and gres's
upon the products ard Irs1
the country. To have 'he M
lima Railroad Company HI
ground for the wrecks 81 thsf
and mortgaged lines serves N
purpose of making n bet'g
for these latter lines, and Of
the value of the North Csroli
road SO La to enable themtoc
vastly less than il il worth
ceivc the public by trying 70
appear that they are g-ttfs
this property only q Little no
enough to pay the rent on rb.f
full and fraudulent lease.
q. This Richmond and
Railroad Company now the ;
procured the lease of eighiesf
and seventy-one, by fraud hI
IS ] believe, and the beliefs
upon certain notorioU- fsc's
dence of which j. part
chieyes OF the state. Tn.
fraud followed up by syster
cealment Of earnings aud sue
Of expenses. paved the way
more fiagrant wrong OF
ninety nine year lease, whici
blushing effronfery hss mo-
surpassed in the annel- o,
and crime.
10. This complainant, ibs
Railroad Company. in ne
plains of q certain bill renoii
General Assembly, which y
House, but WIS never sni
Law and the complainant HIs,
hibit of this Legislative bill
rent from reading this bill :
that il Was drawn for tie pun
inalIy of preventing the eI
this legislative bill which Coz
thought would become q n
the Southern Railroad Oon
tended to Ask for an in jgocn
the Legislature. I am notfo,
in ~ much rs this measure
come . Law. I have 10 ~
hrIn1 An acfian on hehkt o.