The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1907-09-24

against North Carolina cities and
towns. and In favor OF other points
having MS greater natural advantages
IS q grave injustice TO the people OF
this state. and should be corrected
by such means a are available within
the limits OF the Constitution OF the
United States"
Governor Glenn and the Corpora
ton Commission are seeking TO have
this injustice corrected in the regular
method prescribed by law. Neither In
this matter nor any other matter have
they departed from constitutional
methods. The only fight has been 10
sec TO IL that the Southern Railway
and the allied railroads cannot def
the law and spit upon the Constitu-
ton That is the extent or what they
have done. They have sworn 10 obey
the Constitution and laws OF the
state and compel others 20 do so. In
fulfilling their pledges. the are up
held by nine-tenths OF the taxpayers
and truly conservative citizens or
North Carolina. II the Tfmes-Dls-
patch, with an insult 10 the Governor
and a SANDER upon the state. wishes
TO lead a revolt against the right or
North Carolina to regulate intra-State
transportation il is welcome TO join
hands with the North Carolina lob
byists and attorneys paid by the rail-
roads, the boiling newspapers and
those so-called conservatives VINO
crawl on their knees when a Southern
Railway train blows. But we tell IT
plainly that never did North Caro-
linians accep dictation-not even
from the home-folks n serve spe-
cial interests. It will not accept die
tation from a Virginia newspaper that
so drastic as those passed by the
Commonwealth of Virginia.
But, we are told capital is being
terrified" and North Carolina's de-
velOpment Is RETARDED" because a
brave and patriotic Governor n
other officials will not surrender to
the defiance of State laws by anar-
chistic corporations. The Richmond
paper quotes the Charlotte Observer
as saying hat "a Charlotte banker,
who tried to negotiate certain city
notes through a Baltimore firm, was
informed that 1t did not care to
handle North Carolina securities at
this time, in view of the present state
of public opinion" At the same time
bankers would not float securities at
a low rate of interest in Germany.
France, England or even New Jersey
which the trusts own in fee sim
present state" means that interest
rates are higher all over the world.
There is not a good six per cent Sc
curity in North Carolina that cannot
be floated as well or better thai a like
security from South Carolina where
there has been no rate regulation. The
trust magnates, trying to stop indict-
ments. made conditions hard in New
York. But railroad reductions in
North Carolina had no more to do
with it than a June zephyr contributes
to a cyclone in September.
The truth Island we call upon
the fair-minded men on the staff of
the Times-Dispatch to investigate and
print it)-that North Carolina securi-
ties are in demand: that all six per
cent city or other public securities sell
at a premium and as high as like Sc
curities ron n other State of like
population: that more miles OF rail-
road have been built in North Caro-
lima since the rate was reduced to
2 IA cents than in the previous two
whole years. Two hundred and fifty
seven miles Of railroad a been
quilt in North Carolina during the
nine months OF the year 1907 as
against 146 miles during the entire
year of 1906. Does that look like
capital was being terrified" If the
Times-Dispatch will send to North
Carolina a fair-minded, reliable CORE
spondent who will make an honest in
vestigation, it will retract every word
of it's unjust editorial. calculated to
injure the credit and good name Of
the State and to give an i'm
preston Of the character and ability
of the patriotic nan who is its Chief
Executive.