The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-03-22

Tbal I~-QD S1lI lit ~ 49,
game Judgment as the Judgment OF the
camm;s.ion Al to each of the eXcep-
tons.
Caldwell directed the clerk to make the
same entry of the vote in each case.
The Judgment proposed by Mr.. Pear
Son for the Raleigh and Augusta and
for the Seaboard and Roanoke were ex-
.,ctlv the same in form as the above
Judgment for the Raleigh and CASTOR,
substituting the following figures III
each case:
Raleigh and Augusta-Assessed value,
81. 26O.695: net earnings, S1oS,2I4; re-
duction, S2S.O6S; leaving net earnings
still. SSO,2O5; excess Of 4 per cent, So
TT.
Seaboard and Roanoke-Aksessed
value. Sr74.O15: net earnings, S1SO,O31;
reduction. / 1,4S5.S1; leaving net earn
ings still, S16S,552; excess of 4 per cent,
S149,591.
For the other roads a slightly differ
ont form was used. 1t will be noticed
in the following for the North Carolina
Railroad division OF the Southern ref
erence is made to the failure to make
report Of salaries and number of passes:
In re Passenger Rates North Carolina
Railroad Company.
The Commission last July assessed
the value of the entire property of the
North Carolina Railroad Company at
S3,117.23 as its true value as requir-
cd Try the law. Its officers appeared n
S~trenuOusly insisted that said sum was
more than the true value of all it,
property. The report of said North Car
DINA Railroad Company for the year
ending June Both 1897, shows that its
net earnings were ~S443,445.14. The
,nI,I1tinn Of rnasSnnpar r.YtaS tn olL
cents is not over all its bust
ness but only on its passenger bust
ness and not on all its
passenger business, but only on
that lone III this State. The
reduction will therefore be only about
S159,215.05 IF there was nothing to
make up for the reduction III price,
leaving still S2S4,23O, net earnings which
is $3.50. oil 90 in excess of 4 per cent ola
the true value. to which point numerous
decisions of the Supreme court of Uni
ted States would authorize the Commits
SION to reduce rates.
But we are of the opinion that even,
this reduction can be more than made
good:
/. BY the increased travel induced
Ey reasonable rates more in accordance
with the reduced prices of products and
labor and the enhanced value of money.
,. By observance of the law forbid
ding the use of free passes by all others
than railroad officers and employees.
The number of these illegal favors are
so great that this company has refused
to report the number.
!. By the reduction Of salaries which
are SO large that this company has re-
fused to report them.
Now, therefore, it is ordered that the
exceptions of North Carolina Railroad
to the passenger rates established by the
Commission on the 23rd day of Febru-
airy. 1893, are Over-ruled.
The other judgments, with the fol-
lowing figures inserted i'll zach case at
the proper places, are exactly like the
above for the North Carolina Railroad.
Norfolk and Carolina Railroad-As-
sessed value, S959.617; net earnings.
S124 ,O11; reduction, S12,2 O6; leaving
net still, S111,S11; excess of 4 per cent,
S73.I26.
Wilmington and Weldon Railroad.
main line and Wilson and Fayetteville
Branch-Assessed value. So ,527;
net earnings, SS2O.19S; reduction, $147.-
623; leaving net still, $672,574; excess OF
t per cent. S617 1913.
Petersburg Railroad-Assessed value.
S115,3S1; net earnings, S36,269; reduc-
ton. $3.50; leaving net still, $3O,39S
excess of 4 per cent, $50. 1888.
Atlantic. Tennessee. Ohio, Piedmont
Northwestern North Carolina Railroad
Western North Carolina Railroad anc
Charlotte. Columbia and Augusta of the
Southern Railway-Assessed value, 81.
312.437; net earnings. $3.50, 461. SS; re
d%uction, S15S.S19: leaving net still
SI91 .5S2:: excess of 4 per cent, $685., OSI
Atlanta and Charlotte Air Line-As
sessed value, SG45. 525: net earnings, $64.
119.46; reduction, $50 66; leaving ne
still, S333,353 excess of 4 per cent, 81,
o..
Pearson said his figures were made u
from the records. and called Clerk Brow
to prove this. Clerk Brown said it wa
true, but that while the railways re
ported net earnings, they didn't deduc
from these interest or funded debt. &c
Pearson then said he desired to sub
NIT d few remarks, and said that til,
three great railway systems in Nortl
Carolina were notified to appear .Janr
airy 18th, and show cause why a deduc
ton III rates should not be made, bu
that these answers, then few, were fron
each whole system. and referred to eacl
separate line, they then saying the
were not able to separate intra-Stat
earnings from Interstate, but tina
since the decision of the United State
Supreme court in the Nebraska case
they show no difficulty in showing tn
business within and without the State
They have had their day in cour
There is 10 disposition on my part to re
tard railway progress. but j feel that tn
people have some rights in cOnnectiO
with the common carriers. The loy
average of p cents per mile. which til
railways exhibit is due to the low inter
State rates. There is no evidence of an
reduction III passenger rates in thi
State since the Commission was organ
lied and no evidence of any increase j
wages of employees. but on the ~contrar
: one system made a 10 per cent. cut tire
years ago. and it has not been restored
, Commissioner Pearson stated tina
when the reduction of rates was mad
February p, Caldwell wanted it to g
INTO effect at once. while PearsO
5 thought about April list ii proper time
so as to give the railways about 81
weeks. Caldwell objected to this an