The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-04-14
BIC ROADS FINISH
THEIR TESTIMONY
State will Put Expert On Tues
DAY m~orning-Coast Line
No Pauper

Inc Atlantic Coast Line finished its
evidence yesterday afternoon. before
the special Freight Rate Commission
nov nearing the appeal of the COR
1FefS from the Justice act and tha
c~oulh1lsslon adjourned until Tuesdav
morning. uua
And Tuseday, instead of taking nm
NoI,oik southern as had been
contemplated, the State will mt ~
expert testimony. The roads vii, 10
mere with their lawyers to examine
the eVldenc that the State will mi
u MI. Hilman. the accountant viii
go on the stand first. "
Inc SeabOard finished Yesterday
ornlng with T. W. Mathews. assist,
ant comptroller, and L. E. Chalenor.
:Jndee % nhan NJ occupying the stand.
ouusc n. w. winston conducted the
examinations of the witnesses who
were tested as to their former evi-
uence tina h Seaboard had never
declared a dividend. After all that
was brought out, the witnesses de-
clared that there is no reason why
me oeaboard should have higher
opeidlins rates thar the Coast Line
or the Southern.
The Coast Lines testimony waS
given by r. A. Brand, a man Of
wilmington. He furnished the fnan-
cIdl statement on which Judge Win
sion examined him and developed the
prosperity of the Coast Line. ON the
previous examination of the Coast
Line OFFICIAL, the figures were made
up on the actual waybills for three
10 Inc Coast Line presented
the most effective of all the state
ments before the commission on the
pure point of tests. And these wav-
DIS showed a profit Of about 6 ner
cent. Pei
BUT Judge Winston resurrected an
Oh share in the Coast Line. II was
issued in 1845 in the old Wilmington
ana weldon road. The share then
SOLD for $100. It is now worth - :
100. A distinguished citizen of this
Guy noIds that piece of railroad stock.
BESIDES the great value of this share.
1t a paid dividends that amoun to
q zeal n it grows in worth.
Four stock dividends have been de-
CARED and 1t was brought out that on
one occasion a hundred per cent vas
declared. The Coast Line men said
their road lac never been in politics,
nad been economically and
had gotten along well.
U~nscfentific System.
MT. Brand admitted the unscien-
tihc rate structure and pointed out
some of the present weaknesses. The
state showed that in some of the
iumber schedules, materials tina went
Zoo miles were charged for at a rate
OF S2e, whereas the same stuff going
z5o miles might be carried at a rate
OF $20.l5. The witness thought there
is a hiatus somewhere in the method
n there ought to be a less complf-
Gated way Of reaching the desired re-
suits.
BY h Seaboard witnesses it was
shown that the lumber rates in South
are considerably less in
South Carolina than in North Caro-
and that the roads haul it at a
profit. The Seaboard admitted also
that there is no real reason why that
road Mould charge any higher rate
than the Southern and the Coast Line.
Another interesting fact brought
out yesterday was hat only sixty per
Carolina will be touched by the new
rate. The immunity of forty per cent
from an act that is called drastic
by the carriers was not generally
known until the examination began.
Mr.. Hilman will go on the stand
Tuesday morning at IL o'clock and
will be the first witness offered by
the State to give testimony direct for
the State. He has been assisting in
the examinations of the railroad wit
nesses and tool yesterday off to get
in shape for his testimony.
The Coast Lines witnesses we're ex-
arnined for the road by Assistant
Counsel George B. Elliott, of Whining
ton, who made a very candid state
ment Of what the road has done in a
business way sine it was constructed
in the State.