The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-08
Pres. EMERSON
TALKS PLAINLY
----
A. c. L. Executive Makes Power
full Address Before Wilmington n
Chamber of Commerce.
OTHER NOTABLE SPEAKERS
--------------- 5 Is
Mr.. Richard Fl. Edmonds and
Governor Glenn Discuss In
dustrial Situation.
OTHER NOTABLE SPEAKERS
Especial to rhc Wines. plspa.eh. ]

Especial to Tho Times. Dlspatch.l
WILMINGTON, N. c., March THE
Wilmington Chamber OF Commerce gave II
its annual banquet tonight, and. aside
from being brilliant social triumph IL
was marked by galaxy Of distinguished
speakers, including Richard II. Edmords,
of Baltimore Governor r.. -. Glenn, OF +
North Carolina and President Emerson.
monds responded to the toast, The Old
South as an Inspiration for. the New
South.'' His theme dealt with the thrift
and noble traits Of the people OF the Oh. Ola
by their colors holding up to the world \
the progress and real industrial abiity.k
as we'll as chivalry, of the people OF the
ton against railroads and the recent re-
duction of rates In a number OF states,
President Enierson's response TO tne
toast. Railroads Relations to the Pu Is /;
lic', was eagerly listened to- Ills speech \
was frequently applauded.
| President Emerson. Of the. Coast Line
| said, during the course Of his Response,
| that the interests Of the public ana ra ~
ftansS Of one the failure Of the other.
Against Corporations. Ut
He said we have for some time Ieen
| passing through a period Of great ag l.s,'
ton against corporations . Gisper ra,srs
e s,ne Of many people condemnir,ss
and abusing corporations. THAT there ". "
Ter some hut q hs he ali afe
no as firmly denied. That there ~. .a ~
bad corporations. as the term bad 'a1,,
is used these days ne Il a M o ,;s
passed and enforced to punish l,h I'll, ttei !
wrongdoings is not only a right, but 3
duty; but to assume, that al are bad
is as unjust as to call the entire humam
race mllrderers because some commiI
murder. Railroads should be regulates!
by proper law, but should be, protected
receive. not destructive; but the idea
to-day appears to be to abuse CORPORA
tons, pass adverse and drastic laws, pens
alizinR them for faults real and mag
. mary. requiring them to do certain things.
and then taking from them the where's
withal to do 1t.
Its Share Minus Quantity.
Continuing. Mr.. Emerson said: The law
passed by your present LEGISLATURE re-
ducinE passenger rates on certain roads
lin North Carolina, when applied TO the
traffic In question. will cost the arailroads
o Of your State hundreds Of thousa n, g;
! dollars. and would cost the Atlantic
> ment, over $500, 900. and at the same time
!, your railroad commission is ordering III
to increase the number Of passenger
: trains and build new passenger sta
i tions. ssiss
8 There is a most remarkable wave q
4 1 prosperity going over this good land o
= ours" the speaker said. THE staff stlrs Z,
n the Atlantic Coast Line show for, the pas
id nineteen months that Its gross EARNING
tosl Increased over the previous ninetee
months $4,000, sci. and the expense. nc
70 including Investments for equipment an
similar items. charged to capital accom-
Increased s4.s23,s37 showing that VIII
prosperity brought in nearly four millio
dollars additional revenue, the same pros
perity took away In, the way OF Increase
wages. Increased cost OF material, etc
nearly five million dollars: so for the las
nineteen months the Atlantic Coast Lin
Railroad Company's share in the pres
perity Is represented by minus 1852,
976" AZ &. ssgs;
VI Mr.. Emerson was lstenedt to with greH
s. interest, and was frequently applauded