Rocky Ford enterprise., 1905-05-05
BILL KILLED BY VETO
THE RAILROAD MEASURE FAILS
Governor Mcdonald vesoes House Bill
178-Beleves Colorado & South
ern Measure Would Tend to Estab'
llsh Monopoly.

llsh Monopoly.
Denver. April 29.-Governor Jesse
F. Mcdonald yesterday vetoed House
Bill IFS. generally known as. the Colo
rado a. Southern railroad extension
measure.
In his message to the secretary OF
state announcing his veto OF the bill.
the governor says:
II herewith transmit to the honor
able secretary OF state House Bill No.
17S, without my approval. for the fol-
lowing reasons:
Il have had this act under careful!
consideration for some time, endeavor'
ing solely to decide what was for the
best interests OF the people OF the
whole state OF Colorado.
''Thc title TO this act is An act Au'
thorlZlng Railroad Companies to Ac-
quirc and Hold or Guarantee the Cap
ital Stock or Obligations Of Other Rail
road or Transportation Companies. ana
10 Purchase or Lease and Operate
Other Lines of Road. and Providing
Modes OF Payment. or Of securing
Payment. and to Authorize Railroad
Companies 10 Sell or Lease Their
Properly
''The title Is appropriate. and the
bill. by its terms. undertakes To lcSis-
late so that any railroad company may
acquire and hold the capital stock of
any other railroad or transportation
company. or may purchase or lease
and operate other lines Of road.
''Section Of the bill declares that
the Act shall not be construed To per
nit any railroad company To purchase
or lease any parallel and competing
line situated within this state but
does not In any way attempt to limit
the construction of the act to prevent
n parallel and competing. or parallel
or competing line from acquiring and
holding all the stock and obligations
/ Of "a parallel and competing line or
lines OF railroad.
Holding the stock and bonds Of on.
railroad by another. means that tn.
holding company controls the road
who's. stock IL holds. although the l.-
rni title remains In another company.
III railroad may hold III. stock OF
another railroad or transportation
company. II may hold III. stock of
many. or OF all railroad and uunSpor'
taiion companies In the state. By one
railroad holding the stock of other
railroad and transportation companies.
without any limitations whatever. com
petition can be siiiicd and a monopoly
created NhtCh VIII ID. u EErat hi'hacc
to the people Of the state.
'ThH railroad companies In tho state
have been built up and have grown to
| their present efficient and prosperous
condition In a Spars.iy populated dis
iric, under tn. present laws. This bill
seems to tak. away NIL Limitations no
far Ms legislation il concerned upon
the power to create u monopoly or
,rus, In tho railroad and transportation
companies Of the state. No adSaniax.
/ ad.aua,. to IN. risk Of lrgaiisinE such
| monopoly seems To b. offered to the
people by this hill. and under til. cir
] cuinstancca I believe that To grant to
railroad and transportation companies
I greater facilities To create n monopoly
/ ut this time. would bc unSiar aud VI
/ ciona legislation and would b- taking
step In tho uronE direction. as the
demands o, III" people and business !n'
forests of the stat" do not sccnn to re-
| puITc such n departure.
Il therefore filC said bili in the o:'icc
ot the secretary of stat" Of Colorado
/ without. executive approval.
JESSE r. MCDONALD.
Governor.
Dated n; Denver. Colo. April IS.
fgu. nj 4 a n, %