The Caucasian. (Clinton, N.C.) 188?-1913, 1897-11-11
MORE EVIDENCE FROM THE INSIDE.


MORE EVIDENCE FROM THE INSIDE.
The Manufacturer Record in its
recent issue has an article calling at
tention of capitalists to the paying
capacity of the Southern Railroad. 1t
recommends the stock of this road to
capitalists as one of the finest fields
for investment. We make the follow
ing extract:
The recent report of the Southern
Railway Company has been made thu
subject of an exhaustive analysis ny
the Daily Stakeholder, of New York,
which draws number of favorable
conclusions from the statistics given
by President Spencer. While, as
stated in the ANALYSIS, business is not
as good as could be wished, it covered
period in which there was cOnsidera-
BILE depression, and on the whole is ex-
tremely gratifying. Among the Gem
ments are these: From Juiy
to September So, it may not be arniss
to state, the Southern Railway h4> in
creased its gross earnings $3.50 992, ,r
per cent, and this in spite of some
interference to traffic owing to the
yellow fever outbreak"
Thus 1T will be seen that Rothschilds
great Southern Railroad is making
such immense profits out of the peo-
pie through high freights and fares
that the Manufacturers Record, and
the Daily Stakeholder of Wall street,
call the attention of the capitalists of
the world to the fact that the road is
one of the best paying pieces of rail-
road property.
Last week we published an extract
from an editorial of the Manufacturers
Record showing how the stocks and
bonds of the Southern Railroad, the
Atlantic Coast Line and number of
other railroads had tripled and quad
rupled many times in value during
the last few years while the value of
all other property was daily shrink
ing. In fact, during the time that
cotton has fallen from seventy five
dollars per bale to twenty-five DOL
lars per bale the value Of railroad
property increased from two hundred
to five hundred per cent. The only
way this railroad property could in
crease in value was by charging high
freight and passenger rates.
Now here comes the Manufacturers
Record in its next issue giving more
testimony from the inside. 1t shows
that the gross earnings Of the Southern
Railroad have increased over one
third of a million dollars 1889, 1927
from the first day of July to 3Oth day
of September. This means an increase
of over one million dollars year
which is about four thousand dollars
per day. just think of it! While cot
ton is selling at price almost the low
est within forty or fifty years, with bus
| mess duh and times hard with every
body except the trusts and monopolists,
the Southern Railroad not only made
as big profit as ever before, but actually
| increased its profits four thousand dol
lars per day.
The CAUCASIAN would not tear up a
single railroad in the United States. 1t
is in favor of more being built, but it
is not in favor Of single road feeding
and prospecting upon hard times. 1t is
not in favor of bleeding the masses of
| the people to death in order to make
the few railroad managers million
aires. Certainly the railroads should
not charge as high freight and pass IN :
ger rates now as they did when cotton
was fifteen cents pound or ten cants
a pound. But here we have the admis-
| sion of the Southern Railroad itself
| that it is not only not satisfied to wiring
| as much from the people now as when
| cotton was ten or fifteen cents a pound.
but it is actually wringing more from
the people when cotton is selling at
five cents than when it sold for two or
three times as much. And yet there
are oudmouthed Democrats in North
Carolina who claim 20 be Christians
and good citizens, who claim to be for
free silver and for Bryan, who are op-
posed to the reduction of freight and
passenger rates, and trying to help the
railroads still further rob the people.