The Tupelo journal., 1906-04-06
A LETTER FROM DR.. noYLE

Lear JOurnal.
April 1st is here and so is the
legislature. It is thought by
close work we can get off by time
appointed, the 14th inst. We
have done quite a lot of work in
the past six days, have gone
through the Revenue bill with
but little change from the senate
bill. The house failed in every
instance to concur in 6 per cent
feature, and money in deposit
and cash on hand exemption,
these all having failed in the
house. A conference committee
will have to be appointed, and l
can tell what will be the result.
The big fight of the week was
corporations, railroads and In
surance, fire and life. The re-
suit so far is to refuse to appoint
a fire marshal, to put commits
sioner of insurance on a salary of
three thousand five hundred dol
lars, and two thousand dollars
for clerk hire and five hundred
for travelling expenses, but it is
said the senate will not concur,
as his present fees are more
than seven thousand dollars, of
course he will not let that go
without a death struggle. An
attempt was made to compel Life
insurance companies to invest
some of their money in our bonds
but it failed
The Pontotoc railroad bill has
been before us for the last week
and it has been investigated by
two house committees and two
senate committees and one visit
ing committee, who was on the
ground, they all reported favor
ably, and on a vote yesterday
the Stigall bill passed the House
by a majority of IS yeas to Z nays.
1t was amended SO as to require
the railroad to haul car load lots
of cotton and all goods in car lots
to old depot, and not to repair
any existing contracts. The
railroad to resume their old line
and depot. If this becomes a
law it is said it will stop the great
clamor. On account of the pre-
sent tie-up, the House has all
the week been overwhelmed with
letters and kilograms all along
the line, because of it.
A bill has been introduced into
the house to sell eight hundred
thousand dollar bonds at four
per cent for ten years, four hum
dred thousand 20 year bonds at
three and one half to four per
cent and five hundred thousand
to be borrowed by the governor
at 5 per cent to meet this years
expenses. This l think is bad
policy. If we have to have
money let us make a long time
loan, say the amount one and
one half or two million dollar
bonds for thirty years, at three
or three and one half per cent.
This gives us time and a low rate
of interest, and is necessary be-
cause now whilst money is plen-
tiful and times flush, and credit
cheap, we can get a low rate but
if change of times was to come
it would be hard to meet these
short time bonds. Nothing is
more impartant to the state, than
a liberal state policy, good and
wholesome legislation, and a
sound financial policy to invite
capital Of every kind to come to
us. A system of antagonism to
railroads and factories and all
other enterprises will do us more
hurt than any thing that can be-
fall us. Let them come bring
their money, their enterprises
with them, join in with us and
help us build up the state. Tax
them as you do individuals let
them bear their share of our bur-
dens, as they are so willing to do.
If we get through the last of
next week this may be my last
letter and if any of you have de-
rived any pleasure from reading
them, / am rejoiced. It was my
purpose to serve you here as
faithful as / was capable of doing.
/ have been at my post every day
never been home or on any trips,
have never missed a roll call
when well enough to get here.
Ihave cast every vote as / thought
in your interest, and if receive
your approval / am satisfied,