Watson's weekly Jeffersonian. (Atlanta, Ga.) 1907-1907, April 18, 1907, Image 14

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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 It clumsy, costly, out of date.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 ed by Mr. Watson, in his straight from the shoulder style, 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 chicks will replace order at & price. HILL CREST FARM, Swainsboro, Ga.