The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-05-28
OUR WASHINGTON LETTER.
Railroasd Cannot Secure Money for
Improvement OIL Account Hostile
Legislation.
By James S. Mccarthy.

BY James S. Mccarthy.
Washington, d. c., May 27.-Spe-
cial:-"Within the near future l en-
pect to see some big railroad placed
in the hands Of Il rcceiver,' said Col
onel J. w. Hide, Of Jacksonville, Fla,
one Of the big lumber men OF the
south, at the Raleigh Hotel last even
ing.
"I do not care to say what the
name of that road is, but L will say
THAT it has been placed i'll its present
condition partially by the campaign
against railroads in general that has
been waged by several Of the states.
President Roosevelt's attitude has
had considerable to do with discour-
aging investment in railroads, but L
think that most Of the mischief has
been caused by the states. They have
scared people with money to such an
extent that the railroads have hard
time getting money, which they need
for development. The Pennsylvania
Railroad has called off $lS,000,00O
in improvement in the vicinity OF
Pittsburg. The president Of a south
ern road told me That he had spent
many slcepless nights in an effort to
secure loan of $40 100000. The price
of the railroad ties my firm supplies
has fallen off sc per Thousand during
the last six months. The business Of
the country is from 30 to GO per cent
greater than the railroads can take
care of now. How can they extend
$thcir equipment 50 as to catch up
with the demands of traffic, if the
Honey to make it possible is scared
away2 We are particularly interest
ed in the south because we do not
'>want any setback at this time. With
out a panic the south will be entirely
independent within three or four
years. AS it is, the people of that
section have more money than they
ever had before. 1t seems, however,
that we have been gorng too fast,
and that some sort of depression
will come in the near future. We
should accept the warnings that have
been given and prepare for it,"
a special dispatch from Lincoln,
Neb., states that William j. Bryan s
friends say with great posiiveness
that he will not accept a nomination
from the Democratic party if Presi-
dent Roosevelt is renominatcd. Those
close to Mr.. Bryan say that he has
made this statement.
. Mr.. Bryan. while he has so far re-
fused an absolute endorsement of
Prcsidc&t Roosevelt. feels, it is said,
that he more nearly represents the
extreme radical policies for which Mr..
Bryan stood in 1896 and 1900 than
any other man. Fle does not rcco"-
n:zc Mr.. Roosevelt as Il democrat, but
INSIST, that ! : IS Il muc '>c::'r D"mr-
crar Al. Populi., t ~, any other
Repu', ,an.
, Mr.. Bryan feels, according to the
dispatch, that President Roosevelt is
progressing so rapidly toward the ra-
dical stand which he himself took in
his two campaigns that no harm can
be done the Democratic party's prir-
ciples by giving MI Roosevelt an M
contested election, so far as the De-
mocracy is concerned.
This dispatch has created a furorc
among Democrats in Washington
Several leading members Of the par
ty, who happen to be here transact
ing business before the Department
declare that inaslnuch as Mr.. Bryan
has twice been the standard bearer
Of the Democracy, receiving each
! time the cordial support Of the south,
they are at a loss to understand how
he could advocate the election Of q
Republican wno stands not only for
aevery principle of Repuo;,canism but
Ropulism and Socialism as we'll. They
clare in unmeasured terms that Mr..
osevelt is anything but Demo-
E; that he stands for the encour-
inent Of negro social and political
Sality, and for every other policy
Vile to southern DemocH Hntlr ideas.