Pine Bluff daily graphic., 1907-06-06
LAW FR|GHTENS
 BIG INVESTORS Southern Financier Inter viewed in Washington Says Big Railroad Will Go into Hands of Receiver OUR INDEPENDENCE J. w. Hyde Blames Laws and Thinks Immediate Cash Is Needed for De- yelOpment-Oificial Fears Federal ValuatfOn-NOtes.
OUR INDEPENDENCE

J. w. Hyde of Jacksonville, Fla, one of the big lumber men of the South, is quoted as saying in Washington:
 within the near future I ex- pect to see some big railroad placed in the hands of a receiver. do not care to name the road. It has been placed in it's present condition par tially by the campaign against rail- roads in general that has been Maged by several of the states. President Roosevelt's attitude has had considerable to do with dis couraging investors in railroads, but I think that most of the mischief has been caused by the states: they have scared people having money to such an extent that the railroads have hard time getting cash needed for develop ment.
 ''The president of Southern road told me that he had spent many sleepless nights in an effort to obtain loan of $10.000.000. The price of the railroad ties my firm supplies has fallen off S per 1000 during the last SIX months. The business of the country is from 40 to 60 per cent greater than the railroads can take care of now. How can they increase their equip- ment so as to meet the demands of traffic If the money to make it pos sible is scared away?
 We are particularly interested in the South because we do not want any setback at this time. Without a penny, the South will be entirely independent within three or four years. As it is, the people of that section have more money today than they ever had be- fore. It seems, however, that we have been going too fast and that some sort of a depression will come in the near future. We should ac- cept the warning that has been given and prepare for it, -4~ .c> William H. Canniff, president of the Nickel Plate, believes in the regulation of railroads by the na- tion and the state, but regards the present activities of President Roosevelt as productive of harm to the country in general. He thinks that railroad regulation should be accompanied by liberal conserva- tism, else ill effects will be felt by the people. He says further:
 The pendulum is swinging in one direction now, but it cannot fail to- swing back, and when it does it is bound to sway a good deal in the other direction. I do not mean that we need fear finan- cial panic, but l do mean simply that there will be retarding of the progression of the last five years for which the country will be the worse of.
 Nations must have their heroes Read back into history and see where Caesasr was lauded by his people one day, and perhaps the next was rallied at The president has struck keynote tna: has met with ready responses on the part of the people. It is not always safe to believe that tho approva of the masses is assurance that the most good is to come to the largest number of people, for iae worl6 often applauds man and later dis covers that what they approved Ina. done them no good.
 Tt will not be long ere the whole situation will be settled into egel running again, but not until afte1 the pendulum has had it's wlns hn Nthor y