The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-22
Wonderful Activity Among
Virginia Railroads.
AREHARD TIMES COMING /?
Washington Correspondent from New
York Banking House Predicts Re-
action from Prosperous Condi-
lions Country Now Enjoys.
The 1,imes-Dispatch Bureau,
No. 1417 G Street, N. Wa

Warrington D. G., May Il.
The wonderful activity among the rail-
roads OF virginiaiis being commented on
q good deal hero In Washington, and 1t
is felt that 1t means that Virginia is en-
tering upon q new ora. There VIII be
more track laid this year than In any one
year III the history OF tho State probably.
OF course. the majority OF this will con-
sist OF double tracking for present single
lines. but 1t will mean creator railroad
facilities faster schedules and more sat
isfactory service than Virglnans have
hitherto had. with the Norfolk and West
ern, tho Southern and tho Washington
Southern double tracking. and the Chesa-
peako and Ohio contemplating additional
work along that line, and with new lines
being constructed in several portions of
tho State, railroad building Ia the order
OF tho day.
The Atlantic Coast Line. 1t is said, Is
going to put some fine equipment on the
road shortly In the shape OF coaches
which Will be the embodiment OF all that
Is latest and best In the car builders art.
How soon this will be done Is not known
here.
Tho rumor that the Wabash Is seeking
TO get to Washington by January LIST
next commands q good bit OF attention
licre In railroad circles. Washington IL
friendly TO the Wabash and would like
to sec them come here, though the ma.
tority OF them do not expect TO see 1t
done until later than January LIST. When
1t gets to Washington the Wabash will
have one place where the Pennsylvania
must come to terms with 1t. Tho Pensy.
will have to meet the Gould road on equal
terms in that new depot Uncle Sam IL
going to help 80 literally to build.
ARE HARD TIMES COAiLNG7
Yesterday The Times-Dispatch CORE
Epondent was talking with the Washing
ton correspondent of one Of the leading
banking houses OF New York. whose
transactions In government securities
amount to hundreds Of millions of dollars
year. and he said that his advlces here
and in New York were to the effect that
reaction was bound to set In, reac-
ton against the unprecedented prosperity
this country is now enjoying. He says
that here nre already evidences OF a sort
OF tightening of tho money market, and
that an era Of hard times is coming as
sure as fate. He said 1t may be STAYED
or until after the next Presidential cleo
ton in March, the same way us the panic
Of 1888 was STAYED of until after the cleo
ton OF 1882. There are in the records OF
tho government some interesting EVIL
dcnces OF how the sins OF tho Harrison
administration were visited upon the
Cleveland administration. which followed.
One OF these is a copy of the order issued
by the then Secretary of the Treasury
John w. Foster to the Director OF the
Bureau OF Printing and Engraving to
have plates prepared for n $50, 10000 bond
Issue To avoid having to make tho issue
Secretary Foster held up the payment OF
about 3s5. 10000 worth Of government obli-
cations until after the election But the
plates were ordered prepared and were
prepared. and the Cleveland admtnistra~
toni reaped the blame.
If panic should impend over tho
country there Sc great room for specula-
ton whether 1T can be held Off until
otter the next presidential election. The
high place hold Il. financial circles by the
gentleman Just quoted. and his close
touch with the fiscal service OF the gov
ernment leads The Times-Dispatch corr
respondent to put credence in his state
HAY CROP DAMAGED.
Captain w. w. Payne. OF HARRISON
burg, said to-day that the hay crop In
the Valley would be very short Item
this year He said that the drought had
almost ruined the prospects for hay, and
that corn Is also suffering for want OF
rain. Reports from other sections OF the
State Indicate that the same conditions
prevail pretty generally.
Senator Martin win leave for his home
at scottHyille Tonight
Mr.. 10. F. Johnson. who has been here
for some weeks. has returned to R!ch-
mond for brief visit
POSTAL CHANGES.
The name of the postoftice Mt F>riar,
Amherst county, has been changed to
Woodson. Rockflsh Depot, Nelson
county, has been renamed Rocktlsh,
Ferndale. Layton, Louise Reidsyillo
and Crimsie postofticss, In North Caro-
lima, are to be supplied by rural free de-
livery after June Both.
A star route, with box delvery-that
Is. free delivery by star route carrier
has been established from Cedar Run 10
Taylorsyille. N, G.
A postoffice has been established at
ehoaj, Grayson county, Va, with r. w,