The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-24
MISTAKES ARE SHOWN

The Committee Makes a Report Conn.,
mending Some Things, Condemning
Others...lt is a Faithful, Frank and
Straightforward Document That
es the True Conditions Of Affairs.
Very Criticism Made by CuyIer.
Finch, McBee and Company is
Taken up and investigated. and
Proper Recommendation is Made
Thereon.
The long looked for report of the
special committee, appointed by the
governor to make a thorough investi-
CATION of the affairs of the Atlantic
& North Carolina Railroad, is printed
In full below. When the air became
full OF charges of corruption and rot
tenness and stealing and every other
crime except murder. Governor Ay
cock, for his own Information. and
10 leI the people of the State know
the true situation. determined to APP
point committee of honorable men.
4 Il, ~ 70
4 to make full Investigation of the
| affairs of the road. Conscious that
. there was no act of his administra
ton that was tinged with corruption
or that he would keep from the pub
! lie, he gave nos Instructions to the
committee he named except to go to
4 the bottom get all the facts. give
S them to the public i'm a report, regard
less of whether they helped or hurt
. any man.
The committee in the discharge of
4 the duty conferred has gone thorough
" ~ into the affairs of the road, financial
i and physical. The attorney of Nc
! Bee. hostile to the management OF the
! road and hostile to the Democratic
party. was present at every meeting.
and assumed the role of prosecutor of
} the management. Therefore every
fact that could be brought out to the
injury of the management was
brought out. The investigation was
thorough and complete. The report
is plain. faithful. critical.
The report of the committee, sum-
med up. may be thus stated:
/. The service given by the road
has been the best in its history.
>. The management has secured
steady and large increase in the bust
ness of the road.
g. The management in most re-
spects. has nut the road in excellent
ondition-certainly better than ever
before. In the expenditure of money
to better the condition OF the road.
the management has made some un-
wise or unnecessary expenditures. as
for example putting two much money
i'm warehouses and too little money
I'm cross-ties.
A. The president is crlticized-and
properly-for buying wood from his
own land. though it seems that the
price paid was not in excess of that
charged By others.
:. There are other criticisms. most
of which relate only to difference of
opinion. There are expenditures
,f.ri,
proved by the committee If they had
been in possession only of the infor-
nation possessed by the management
at the time action was taken.
&. There is no suggestion of any
dishonesty. fraud or transportation
of property or funds of the company
by any employee or official. The wide
~ heralded SANDER of defaulting offi-
Gals had no foundation TO rest upon.
1.-The mountain was in labor and
brought forth a mouse"
Z. 1t is recommended that the road
secured. but the suggestion of haste
i'm leasing finds no favor in their re-
port.
S. The report shows that there is
no scintilia of reason upon which TO
ask for a receivership. The errors
pointed out-(most of which were au-
thorized by the stockholders and fa-
yored by the vote of Cuyler's stock
can and will be remedied by the own
ers of the property. without necessity