Fitzgerald enterprise. (Fitzgerald, Ga.) 1895-1912, 1910-08-04

yes an international panic, interfered with
the business of the country and depressed
prices, / was charged with having pro-
duced it. Few people will be deceived
! longer by such a statement. The mex
who made 1t laughed at the men who be-
! lieTe6 it.
The panic started in New York city and
IN other money centers of the world II
was produced in large part by the reck-
less misconduct of high hI.anciers. II
went through every stale Of the union
Georgia and Texas suffering less from il
than any other states
WELCOMES FOREIGN CAPITAL.
| 1t has been charged mat the progress
sive Democracy sought to keep foreign
capital from coming 70 Georgia. This
was another political story. The man
who told it knew it was not true, but
good, honest men were in some instances
| fooled by 1t.
NO ONE DESIRES MORE THAN 1
| DO TO SEE FOREIGN CAPITAL
| COME TO GEORGIA, that our great
| undeveloped resources may be built up
| for the benefit of our people. l welcome
| its coming but we want the capital
! which comes to Georgia to be so in
| vested as to help and not hurt the state.
! If it absorbs more than it produces, 1t
| would impoverish and not enrich the
state. 1t would burden and not help our
! people. We want it to come upon ar
equitable and fair basis.
| RAILROAD LEGISLATION AND
PANIC.
It has been claimed that our railroad
legislation has hindered the development
of the state and driven out capital. Let
US consider this claim New York state
has same laws on this subject that the
| progressive democracy gave to Georgia,
Have those laws in New York run all
the money out of New YorE?
The moneyed men of New York in their
own home are accustomed to the same
laws with reference to public service
companies that we have here. They have
found them equitable and just, neces-
sary for the legitimate progress of the
corporations themselves. The broader
and wiser of the owners IF these prop
critics in New York state supported Gov
ernor Hughes for governor ard aided
him in securing the passage of these
laws. They do not frighten the lcgiti-
mate and honest investor. They may
deter the wild and reckless Spectator
who would come amongst us only to ex-
plot our resources by filing his pockets
from the sale of excessive bond and
stock issues and then leaving after hav-
ing placed a permanent burden upon
the resources of the state.
We desire manufactures, we desire
banking institutions, we desire COM
mercial houses. Would the owners of
money to be invested in these lines of
enterprises in New York state hest
tate to place their money in Georgia
because we have a railroad commission
law similar to that of New York? Do
they not know that they can NOT afford
to build big factory al d point where
the railroad could arbitrarily charge
them what it pleased, arbitrarily take
up their sidetracks, or arbitrarily leave
them, after their money mad been put
in the factories, where they could not
do business? Would the Iinanciers in
New York invest his money in "a big ner-
camille business in Georgia, where he
knew the railroad company could ar
bitrarily destroy his business by ex-
cessive freight rates? Would the fnan-
cier put his money into banking institu-
tons in a state where the entire COM
merce of the state could be arbitrarily
throttled by railroad companies?
SUPERVISION BRINGS CAPITAL.
The truth which I desire to impress is
that the FAIR AND JUST SCPERVI-
SION OF TRANSPORTATION OMPA-
MES is ABSOLUTELY ESSENTIAL
TO THE GROWTH AND PROPERTY
OF THE COMMERCE. OF THE STATE.
AND ABSOLUTELY ESSENTIAL TO
INDUCE MONEYED MEN TO PUT
THEIR MONEY INTO THE STATE: in
stead of driving out foreign capital. it
is essential to our success in bringing
foreign capital into Georgia to help us
develop the state.
FREIGHT RATES FROM AND TO
PORTS.
One of the subjects which has received
in
the transportation problem has been
the character of charges which should
be made to and from all interior points
in Georgia to ports. l have insisted that
these rates should be fixed on the basis
or what was reasonable and lust for
the particular haul to be made bv the
railroad company to and from the ports.
Let me illustrate by using the CITY
OF WaYcross. l insist that the rate frov1
Waycross to Brunswick and Savannah,
or from Brunswick and Savannah TO
WaYcross should be fixed solely with
reference to what is a reasonable ard
just charge by the railroad company for
this particular haul and that these rates
should rot be made excessively hirh
with the view of forcing you to ship
your freight from OF to the east or
west altogether by rail, thereby giving
the railroad companies a longer haul of
Water is the cheapest plan for trans
Porta ton. We should encourage the use
of our ports in the transportation of our
commerce. 1t will build and strength
en- the state, it will builc and strength
en- the railroads really located in Geor-
Ria and it win develop the commerce of
the state with increase Of prosperity to
those engaged In every line Of business.
whether on the farm, in the factory or
store house. Our railroads to and FROM
our ports have largely been controlled
by companies that own long lines of
railroads reaching east and west /
know that in many instances rates to
and from our ports have been kept i'm
properly nigh forcinG shipments over ali
rail lines, thereby depriving rhe people
of that benefit from their ports to which
t, ey are entitled through orr Favored
location.
UNFAIR MLSREPRESENTATI
The unfair misre presentation OF my
position on this subject by the Oppose
ton appears as proof of their unwilling
ness to discuss the question on its mer-
its. 1T HAS BEEN SAID THAT FA-
VORED A MODIFICATION OF RATES
FOR ATLANTA ALONE THIS is
ABSOLUTELY FALSE. NO READ
JUsTMENT COULD BE MADE THAT
DID NOT APPLY TO ALL POINTS
IN GEORGIA. 1t has been said
that 1 favored reducing the rates
H. iv,fn nd w