Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-02-07

cohoitions and considerations, might we'll
nave peen considered as inadequate. in
equitepie ana discritninatiye; and that this
was generally SO understood and accented
ssviuenced by the tact that the arrange
ment provided by the act OF 1887 has been
since maintained without modIfcatIon ar
challenge. VI
The fact that the cot OF 1879. and the
computation thereby provided, was he
result OF an agreement between the COM
pany and the Legislature considerable
reached, which involved ndIustment ~ =
long pending controversy, and the surrender
Anu reiense by the company OF its riuht n
ieim nnrsement Of 1907. 20 unlawfnlly
shsc.eu nom It and paid under protest as
a auone stated and that the faithful OBJ
sensapce OF It's requirements by the COM
pany has lin addition to said ann min, ~
| iuliy collectedl produced nm agoregata
revenue 10 the State of about 81 io0 no
ought not to be overlooked, but should be
au,y Weignea ~ considering whether the
existing communication ought In fairness TO
| bo disturbed, 7' w
while 1t may be true. as stated in rbe
preamble of TIE pending bills, that the snrn
therein prescribed by way of communication
Moala he less than the amount OF taxes
nave no special Significance; because the
tak az the rate OF ten f10) per centum ON
net earnlngs as prescribed by nmendInent
70 act oil 1862 has never been enforced;
anu moreover, IN view Of the concededly
circumstances under which n was enne,eI
y may be fairly doubted whether its en-.
torcenent was really contem limited. and
tnis view is strengthened by the enactment
OF the Communication act OF 1879 without
attempting to enforce said Inv m nat
earnings. 's'
as the railroad and property of the pbila-
9eiphih, Wilmington 4 Baltimore Railroud
W. Is parity located In the States OF Penn
sylyania and Maryland. the amount of like
.1 paio ~ y ~ each Of said States may
10 the State of Pennsylvania is about
equivalent to that In Delaware while that
~ the state OF Maryland Ia much greater
Juan IN either of The other States; and
az os9ssg ,s terminal properties in the cities
are OF much greater value than property OF
like character In the State of Dele ware
THESE taxes for the year 1899 amounted in
peee a., DSs to si724l.l5 and in Maryland
Contrasting these amounts with thu agra
gate Of 600 paid In Delaware By the
phii,adelphih, Wilmington q Baltimore
hhilroad and the Delaware Railroad Cos,
ana comparing the value OF railroad
p ppSr Msyv and terminals In PENNSYLVANIA
said companies in Delaware, Il will be
seen tpat the Communication now provided
ny the Delaware statutes is not dispropor-
tionats thereto, or fairly assailablo on the
ground of inequality.
!, Concerning the proposition to Increase
inc Delaware, Maryland & Virginia Rail-
foau JOS annual communication. Ii ia
pertinent 10 call attention TO the fact
which is either we'll known or can be
readily verified, TINT the operation of this
'ompany's property has never produced anv
revenue or return TO its stockholders, hui
DO the contrary, Its earnings have not even
been SUFFICIENT TO pay the interest OF III
noentedness to the Philadelphia, Whining
on Baltimore Railroad Co., a Iarae
PORTION whereof (riz. s215, 000l is repre-
ented by payments made by said last mem
Toned company to the State of Delaware !
Y account Of mortgage held by Il against
ne junction q Breakwater Railroad Co..
me OF Che constituents of said Delaware'
maryland u Virginia Railroad Co,
!, 10 view OF all tho circumstan noes and CON-
itions herein set forth, II 4, resppctfuljv
ubmitted that wholly apart from apy CON.
tltutionnl or legal questions involved in
ne situation, and without reference 10
tactical complications and conteauences
inch may reasonably and logically result
ron. ron, the passage of the present pendinr
lils,. that the communication provided nv
xistinR statutes for each OF the comnanips
not fairly criticissble as being ineouitably
iscr,minate, and that the enactn1snt OF
le pending bills would not promote ths
nblic interests. ~. - II,