The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-01-30
IBUY NORFOLK AND
WESTERN BONDS
Brown Brothers and Company
lake Six Millions OF the
Securities.
TWO CENT MILEAGE BOOKS
Former Attorncy-Ge Says if
Laws Cannot Be Enforced,
Government Ownership.

4
Mr.. William S. Bronson, assistant gem
eral passenger agent OF the Cheapeake
and Ohio, who has been in Richmond,
left for Washington OH yesterday after
noon.
Colonel William Il. Christian, assistant
passenger agent of the Seabonrd Air
81 Line, with headquarters at Atlanta, was
in the city on yesterday.
Mr.. c. II. Speer, general passenger
agent of the Colorado Midland Railroad,
with headquarters at Denver. was u
visitor at the Chesapeake and Ohio
Offices on yesterday.
Eastern aGtnN with headquarters in
New York. accompanied Mr.. speer.
The Norfolk and Western Railway has
sold to Brown Bros and Company, $1,000
900 divisional first lien and general mort
gage per cent. bonds and 5000, 100
1 equipment trust certificates series 3D."
"E'' and FL This sale rcimburses the
treasury In part for capital expenditures
since July ], 1901. There are now l,O00,-
i 900 of the divisional bonds outstanding,
the authorized issue being s350o0,C0
There are $4,000 car trust obligations.
| The agitation FOR interchangeable mile
age books at two cents per mile, without
restrictions, promises to find expressions
| In legislation In Ohio and Indiana, the
Governors of which States are backing
the demands of the travelling men. Should
4 this occur, the railroads say they will
tlsappea 10 the courts, and. II necessary,
| shut off all special and reduced passen-
ger rates in those States. An unre
stricted mileage book would leave them
at the mercy of scalpers.
1 Michigan and Illinois are not far be-
4 hind Ohio and Indiana in this agitation.
| A bill has been introduced in the Ohio
Legislature calling for maximum rate
| of two cents per mile and n mileage book
rate of one and n half cents In Michi-
| gan the existing sliding scale Is to be
| changed TO a fixed rate of two CENTS, II
| threatened Legislation is carried out. The
| railroads say their present rates do not
| average two cents mile in the course
| of a years business, and intimate that
| some of the activity of legislatures and
public officials is due to the new anti-pass
| rules.
| Says member of Congress from Ohio:
| '"rhe railroads are glad to sell mileage
| at two cents, and l see no reason why a
| man who buys 1000 miles at time should
get cheaper rate than q man who
buys a single trip ticket And another
| thing which ! think should be corrected
| is the practice by railroads of charging
| $50 for 1G0o-mile book and giving a
| rebate of SO on the return of the cover.
| In this way the roads get the use of
! large sum of money tied up In rebates.
and they also profit largely through loss
of covers. They should be compelled to
| sell these mileage books at a fiat rate,
so that the purchaser would not be obliged
| to return the covers in order to get
| his money back. Then think. too that
/! mileage should be transferable. If the
| road gets the money for transporting the
| passenger, 1t should make no difference
| to them who that passenger Is. A lot OF
| these questions should be brought up and
| decided now. while the rate regulation Is
on the tapis.'
| The public Is responsible for the trouble. 1
| The railroads are acting legally and fairly
| and they have every right to protect
themselves against frauds and manipu-
lators.
II the laws concerning railroads can
not be enforced there Is no escape from
| government ownership" says Judson
| Harmon. former attorney-seneral, clos
| ing an argument against further rail-
| way rebate legislation in Detroit this
week
| THE government seems now to be
proceeding earnestly to enforce the laws
| directed against the evil OF favoritisul
tSby rebates he says. II believe that the
time has come when neither tho railway
officials nor the shippers can break those
laws on any pretext without personal
!. dishonor. SO confident am / of natural
| conditions working out just results in
the hantls of our free and intelligent peo-
! pie. that l for one wish them given
fair trial before rcsorting to any at
tempt at artificial regulation. This
should be only a last resort Rates are
now fixed by law as soon as they are
published and their publication is re-
| CURED. If we cannot enforce these how
could we enforce others?''
Seaboard Promotions.
| The Seaboard Air Line has announced
the following promotions: Mr.. j. M. Shea.
trainmaster at Richmond, to be superin-
tendent of the Sixth Division, with head
| quarters at Jacksonville.
Mr. j. Fl. Witt chief train dispatcher,