The Montgomery advertiser., 1906-11-08
NEWS OF RAILROAD WORLD

sellers and buyer. is represented by a honey value not by an actual money
 ixchanEe. A tvro in politicar econo-
 sn.t ny, knows all this No law ,s can pree- roads constaniiy Trade land with farmers in eliminating curvature in Il4nt or way Many q busheI of DO. Ialoes or apples has been exchanged for 2 country newspaper aubscription. The large city newspapers at termi- nals will only take cash for advertis- ing Their position is totally differ snt from the country newspaper. They go not care to trade with the rail- roads in exchange for transportation, because they would have more than snss nseun.
 Country BusEness ARected. "on the other hand, the railroads i could not afford to pay the thousands i of country papers in cash. nor could the country papers afford to pays fare to collect information from nearby towns and report that John Brown has painted his barn. This is an insignif. cant Item to city man with swelled head. He cannot see opr widely ex- sees 1t in part but the business man knows that that littlc statement Ir- duced John smith in the next town 1 to paint his barn. and so created a de- mand for paint. and 1t is the internal enterprise Iof the country which is be- Ing stirred up by the country editor that make the big cities and even the prosperous Everything pertaining to industrial development and enterprise ! is interdepehdent
 The railroads have always traded l with She country papers transporta- | lions for advertising, and they will cou- tinue to do so as long as the two par ties can agree to accept each others scented by money value. but not by actual rnon@y. Actual money need not pass in any trade, and no specific law will ever hold that would destroy the power of exchange between two speci- 1 fic commodities. because besides being special Legislation 1t would be funda- mentally against reason. A govern commerce and to indicate that service shall be returned for service, but it cannot say that actual money shall be returned for service. but it cannot say that actual money shall pass be- tween the parties from both sides of transaction. Goods represent mon- ey. and transDortation and advertis- Ing space are commodities"
 Referring to sthis same subject. a passenger official says:
 If the ruling of the commission re- mains unchanged the larger systems of roads and perhaps others will make no contracts to exchange 4transporfa- ton for advertising, not even for trav- cling within state limits where the will take this position rather than take chances of being accused of giving such transportation for the different state through which their lines pass, through which their lines pass, in or der to enable the holder to make m interesting Journey. It might be con- strued as an evasion os law, though I am not so sure that this would he sound or equivalent to a violation
 Tn my opinion, however such tre- mendous pressure will be brought to bear upon the commission that they will be compelled to reverse themselves by. finding they were In error, and for this reason.
 "Their action was voluntary and ar- bitrary, and, am told, without first consulting the attern ey-general Of the United States If they had done so or his opinion is hereafter obtained, he will, in my Judgment, tell the commits sion that their ruling is not good low, notwithstanding the fact that nearly every member of that body is a law yer. He will also, l believe, say that the framers of the law never contem- plated anything so absurd and dras- tic: that the law requires not an ex- change in kind otherwise cash, as the commission has held, but an exchange of equal value, and that is exactly what the giving of transportation for advertising amounts to.
 Tn other words, we could not law Fully, in balancing accounts, name a lower rate to the newspaper for the transportation 1t receives It must be the same as IS named in our publish ed tarims, and the newspaper, per con- tra, must charge us it's established rate Tor the advertising space we take"