Newspaper Page Text
kill to make big
DIVIDENDS.
(Continued from page 10.)
not and that there is one further step
yet to be taken. This is the introduc
tion of the automatic stop.
We have purchased economy of
movement at the price of human life.
But this is clear; the American
“train order” system is a failure. It
clumsy, costly, out of date. It is
damned and doomed. This change will
not bankrupt our railways; it will not
cripple them. They will operate more
cheaply. And their dividends will be
higher, rather than lower. —The Wash
ington Post.
• ♦ •
THE ANSWER TO THE RAILROADS
President Roosevelt has taken no
backward step in the matter of regu-.
lating and supervising railroads by the
federal authorities. On the contrary,
he would go further and clothe the
government with authority to prohibit
the issue of fictitious stocks, though
he would recognize such stock now in
existence and protect it from the con
fiscation some of our doctors of poli
tics and statecraft propose.
But Mr. Roosevelt’s chief anxiety is
in regard to governmental ownership.
That is what he dreads, and to avoid
it he would resort to rigid regulation
and impartial supervision of every
concern that carries merchandise
from state to state. He sees in gov
ernment ownership the bureaucracy
that withered France under Napoleon
the Little, and paralyzed Russia in the
struggle with Japan. In his opinion
proper governmental regulation is the
only means of preventing government
ownership.
If the railroads should agree with
him, the entire business would be set
tled in short order; but even as the
Israelites hungered for the fleshpots
of Egypt so do the roads remember
the easy money that came from over
capitalization. Not one of them would
agree to the issue of fiat money by the
federal treasury; but they would hold
on to the privilege of selling to the
public fiat securities created by them
by a stroke of the pen. The president
says to them: “Retain the water you
have, but not another drop. In future
every dollar of stock you put forth
must represent a real dollar paid into
your treasury and employed for the
improvement or the expansion of your
lines.”
It does seem as though the roads
ought to fall in with this view. It is
the best? way to spike Mr. Bryan’s
guns. It is the only way to spike
them. One thing is certain, and that
is that if men like Mr. Harriman are
allowed to do with impunity to the
great trunk lines the things Mr. Har
riman did to the Alton, government
ownership and operation will as sure
ly follow as any other mischievous ef
fect results from any other vicious
cause.
For forty years the railroad mag
nates of the United States have been
as powerful and as irresponsible as
the barons of medieval times. The
only difference is that those were cap
tains of war; these are captains of in
dustry. A time came when the barons
had to surrender the privileges they
abused, and the time has come when
our financial magnates must be de
prived of the advantages they have
usurped.
In this quarrel the public sides with
the president, and that is a matter of
no small importance in such a game.—
Washington Post.
HE»B A PEACH.
(The Baltimore Sun.)
The fruit crop liar never enjoyed
a finer opportunity than the present
in all his life.
a— .j
CANAL DISAPPOINTMENT FOR
SOUTH.
(Continued from page 11.)
(The Fort Worth Telegram.)
We do not quite see the force of
some of the canal commission’s log
ic. We were told for some twenty
odd years that the canal when built
and put in operation was to fetch an
era of unprecedented prosperity to
the south. Galveston and New Orleans
were to become Chicagos and other
gulf ports were to wax in wealth and
population in proportion. Joy was to
be put in the southern heart, melody
was to issue from the southern throat,
satisfaction was to take quarters in
the southern mind, and what was more
to the purpose than this, than these,
than all —money was to fly into the
southern purse.
But the delegates to the southern
states gulf coast Panama conference at
New Orleans Monday are not satisfied
with matters and things as they are
now progressing, and they demanded
the reason why all the supplies and
material for the canal are shipped
from New York when there are gulf
ports 600 miles nearer Colon than New
York, and they ask that at least two
of the government ships engaged in
transporting materials and supplies
take on their cargoes at gulf ports.
The commission answers and says
that the steamers cannot be divided
“without impairing the service to the
detriment of the workers on the ca
nal.” To the southern contingent that
declaration is more pragmatic than
satisfactory, and they would like to
know what concern it is to “the work
ers on the canal” whether the ships
that bring them sustenance and ma
terials come from one place or an
other? What business is it of theirs
whence shall come their food and their
tools?
It is true that in the age of Stephen
Girard and John Jacob Astor the first,
time was by no means as considera
ble a factor in commerce as it has
since become. In our day time is a
leading factor, and it is just simply
absurd to hold that it is promotive
of the construction of the canal to have
necessaries for that purpose fetched
600 miles farher by the New York
route than it is practical to carry
them from a gulf port.
It is a plain case. New York is fa
vored; the gulf is discriminated
against, unless there is a better reason
for shipping from New York than the
public has yet heard.
If it is economy to send supplies
and materials to Colon from New York
while the canal is in progress of con
struction, does it not follow that con
merce will take the same route after
it is finished? Then what was all
that stuff about when we were told
that the opening of the canal was to
bring an era of prosperity to southern
posts such as Antwerp, Hamburg and
London never enjoyed?
It is up to the canal commission to
give a real and a logical reason for
closing this business to the gulf coast.
—Washington Post.
There are a lot of things in connec
tion with the building of the Panama
canal that the people of the south do
not understand, and this discrimina
tion against the gulf ports in the mat
ter referred to is one of them. There
seems to exist a quiet determination
to completely ignore the south in this
matter, and permit the north and east
to enjoy the prosperity that should
be more equitably distributed.
Perhaps it would be a good idea to
take the matter before the president
and permit the Big Stick to cause an
other adjustment of the Panama situa
tion. President Roosevelt is a fair
minded man and will not be a party
to this disposition on the part of the
east to hog the universe in furnishing
..LY JEFFERSONIAN
j DAVISON & FARGO j
t COTTON FACTORS |
I Augusta, - - Georgia ?
? Largest and finest Warehouse in the city. Prompt and a
1 careful attention to all business. ?
All letters to advertisers should be carefully
addressed. If is important to give the box, street
number or department in answering advertise
ments. Always state that you saw the advertise
mentjin The Weekly Jeffersonian.
9
ATLANTA SCHOOL OF TELEGRAPHY
Under the management of the long established SOUTHERN SHORT
HAND and BUSINESS UNIVERSITY, ATLANTA GA. Received appli
cations for five S6O per month operators in one day. Telegraphy, Short
hand, Bookkeeping, Typewriting taught. Enter now. Catalog free. A.
C. Brisco, Pres. L. W. Arnold, Vlce-Pres. Atlanta, Ga.
70 Typewriting machines.
F. P. JOHNSON, Manager.
SAMPLE COPIES.
In accordance with Mr. Watson’s intructions we are
mailing out several thousand sample copies to his friends,
if one should fall into your hands, we will be very glad to
have you examine same closely, after which if you care to
keep in touch with the leading events of the day, as discuss
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we will be highly pleased to have your subscription.
In conclusion we wish to call your attention to our
attractive clubbing list which appears in this issue, on an
other page. CIRCULATION MANAGER.
Typewriters
— at —
Half Price
We have a large assortment of all standard machines, which have
been slightly used, that we sell on gua antee, viz.:
Fay-Sho or Rem-Shos2s to S4O Densmores (all models;... ,sls to S4O
Williams (all models)s2o to S4O Smith Premiers S2O to S6O
Remington (all models)... .sls to S6O Yost (all models)sls to SSO
Write for special prices on any other machine made.
We have them in stock.
Atlanta Typewriter Exchange
71 North Pryor Street - - - ATLANTA, GA.
References: H. M. Ashe Co., Central Bank & Trust Corporation, R. G.
Dun & Co.
GOLDEN BUFF PLYMOUTH ROCKS and S. C. BROWN LEGHORNS
from prize winning stock. Eggs $1.50 per 15. If you fail to hatch ten
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