The Birmingham age-herald., 1907-10-23
RAILWAY OFFICIALS
 60 THROUGH CITY
NESBlTT SAYS EVERYTHING IS GETTING ALONG WELL AT THE CAPITOL SAVE CONTROVERSY WITH L. & N.

compton. R6neIdl liNlShb a6NhN VI eAAN Louisville and Nashville railroad, passed through Birmingham last night, en route to Nashville.
 These gentlemen spent the last few daysi n Montgomery, together with Pres ident Milton II. Smith, attending very important meeting of railroad officials, meeting in which the presidents and other high officials of all the railroads of the state participated.
 MT. Smith, representing the Louisville and Nashville, declined to accept the new rates imposed by the legislature. There was general scattering of the officials yesterday afternoon. President Finley, Vice President Culp and Assistant to the President J. S. B. Thompson, all of the Southern, left Montgomery over the Coast Line for Atlanta. President Russell of the Mobile and Ohio, T. M. Emerson, president of the Cost Line, L. Sevier, vice president of the Seaboard, and others attended the meeting.
 As is known the Southern railroad &C., cepted the new legislation. W. D. Nesbitt, associate railroad commissioner, returned last night. He stated that everything was progressing finely, save the Louis vile and Nashville.
 Several well known Birmingham attor- neys returned last night from Montgom- cry, among the number being Messrs. Weatheriy, Tillman, Selhemer, Weakley and Campbell.
 Official announcement was made yes terday that the Central of Georgia rail- road had abolished it's commercial agency for years located in Charleston, s. c. The announcement was in the form of a circular from General Freight Agent Es- tes. This territory will now be embraced by the Augusta, Ga, territory.
 No reason for tho abolition of the old agency is given, although 1t is considered another move in the retrenchment policy which Is understood to be the present policy of all the railroads.
 All of the railroads, and especially those with an outlet to the seas, are handling large numbers of foreigners out of the Birmingham district. Many of the emi- grants are buying their tickets straight through to European and Asiatic coun- tries. This kind of travel has(been espe- cially heavy on the Seaboard Air Line. No reason is assigned for the wholesale emigration. Within the last three weeks, it Is estimated, more than hundred tickets have been sold to foreign coun- tries.
 The promotion of w. A. Fulwiler, for merly soliciting freight agent of the Sea- board, to the position of commercial agent with Montgomery headquarters, was announced yesterday morning. MT. Fulwiler will be succeeded in Birmingham by Jack Orrison, chief clerk to the gen. eral freight agent MT. Orrison is a Bir- mingham boy, and has been here for a number of years.
 General Manager J. T. Johnston and Superintendent of Transportation G. l.. Candler, both of the Central of Georgia with Savannah headquarters, spent yes- terday in the city. The officials are on tour of inspection.
 1T. S. Jennings, travelling passenger agent of the Southern, with New York headquarters, was in Birmingham yes terday. Mir. Jennings brought the New York, Washington and other eastern dele gations to the convention of the Inter- national League of Press Clubs in Bir- mingham at present.
 F. w. Miller, commercial agent of inc Chicago, Cincinnati and Louisville, c, o. Cowles, general southern agent of the Norfolk and Western, and J. w. Whitford of the Missouri, Kansas and Texas all of Atlanta, were in Birmingham yesterday. the suggestions made during the day by the various speakers.
 Problem of the Trusts.
 Attorney General Wade Ellis of Ohio said in part: Two important facts must be recognized and accepted before any progress can be made in solving the prob lem of the trusts. The first of these is that honest cooperation is needed to right the wrongs, and, second, that honest CO., operation is not one of the wrongs to be righted. Let us be dne with all rivalry between state and federal jurisdiction, let us indulge no timid fears about the per petuity of our dual form of government and revive no bugaboos of a past genera tion to frighten the souls of the unwary The trust question cannot be fenced up by state lines. Whether we will or not it has become a national cause. and it will have to be decided in a national forum.
 "The effort should be rather to seek ono effectual remedy than to emphasize con- flict between many
 He said that there is not inherent power in one corporation to own the stock of another, and that the states which deny such ownership of stock are power- less to protect themselves. All tho chiet combinations now in existence operate through stock ownership. Congress can and should deny to interstate commerce corporations the power to own stocks of other corpratns, Cngress having assumed and exercised the power to create inter- state corporations.
 Practical advantages, he said. wouIo follow the denial to interstate corpora fions or the right to own stock in other corporations. This would be nothing startling revolutionary in the act if Congress should pass a general law on the subject. It would simply be an adop- tion of the common law--merely an ex- tension of the policy already enforced by Congress with respect to all corporations now created under it's direct authority. He did not predict that the policy sug- gested would solve the problem of the trusts, but he said it might remove the most obvious of existing evils and more important than all else it would make the promoters of every great enterprise con- duct it openly under one name. The bat tie for business would then be conducted without "concealed weapons" and the natural growth of corporations would not need to be retarded by q resort to govern mental restrictions which oppose sound economic laws.
 A. E. Ankenny, of Minneapolis, spoke on "Does the Power to Regulate Rates in Transportation of Commerce Rest with Congress or the State?"
 
 Another Petition In Bankruptcy.
 Another petition of involuntary bank