The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1905-04-11
= THE SOUTHERN PAoflC MERGED BILL :

I the people that the whole state liz
profoundly aroused against its cor
rupt and dangerous rule. Some idea
of the condition of affairs there may
be had from the following taken from
the report of a special representative
of a great non-partisan journal, and
published in March:
Every railroad In California is
bonded for twice or more than twice
its cost, and IL has been declared
again and again that the Southern
Pacific system cost no more than
$4,000 mile to build, yet was
bonded for from twice to three times
that figure, and upon that sum 1t
| may pay per cent interest AS one
shrewd merchant puts the case. the
bonds represent three times it's
actual cost and pay 8 per cent. Two
per cent interest, even on their al
legged value, would not satisfy the for
eign or American holders, yet is
per cent on their true value is what
the people of California have to pay.
IL II is complained that every
business man in the state is In the
hands of this monopoly, and that
| business is limited or actually de-
stroyed by the enormous freight
charges imposed on local traffic for
the purpose of making good the losses
incurred on the through traffic
This monopoly enters into munich
pal as well as state affairs and cor
| rupts the politics OF both"
PURSUING this policy of purchas-
ing the stock, the Southern Pacific
1 fNnxnnapN
election OF the directories now oper-
| ates the following roads: The Har-
risburg and San Antonio. the Texas
and New Orleans. the Austin and
Northwestern, the Sabine and East
| Texas, the Arkansas Pass. the New
Yark. Texas and Mexican. the Loai-
| siana Western Extension. and others.
Not satisfied With owning the stock
and directing the corporate affairs,
| this company. taking courage from
successes elsewhere, now openly
seeks TO consolidate these fines. To
| this end. and among other things, II
has established an adroit and expert
/ enced lobby at the capitol, which has
proceeded with the work systemati-
| cally and persistenily, and with such
effronteFy, indelicaey and boldness
MS to excite more than marked com
ment by legislators and the public
| Every intelligent and conscientious
| legislator will welcome reliable data
and invite high~mIuded argument up
| on intricate and difficult legislation
| but II If gratifying TO know that the
F., insinuating and iRlportunate methods
| the eonstan and indecoFoaS attend
anee upon committees, the ansee M
| ~ liberties and familiarity taken
| and assumed In the legislative cham
beers. the resort TO every species OF
| abandonment by which supposed per-
sousl obligations may be created. and
| the lavish and indiscrimlRate use oi
! the ps~ by this lobby have Justly
provoked condemnation hy tarre
number of tho legislature.
| II IL we'll known thar the Southern
/ Pacific Company il deeply interested
N aiverHng expectations fam aar
coast to New Orleans, and every con,
| -olidation fsvors this haftfHl dis.
/ position aud enisrseg the parWer "a
effect it, We have long been hewars
/ OF wook and dra wers Of water com
marcialy Al the end OF the long
| haul our railroads we're feeders oi
| foreign colossal systems. our local
/ commerce taxed 10 meet deficiencies
/ In foreign railway treasures. ouf
products Sud industries diserimiaat.
! ed against Texas will bless he aag
/ when her commerce viii turn 10 heF
coast, aud sound policy demands that
| post ponement of that daY by railway