Newspapers / The Caucasian (Clinton, N.C.) / July 15, 1897, edition 1 / Page 2
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THE OAUCAOIAH PUBLIBUIO JCVf RY THURSDAY HV THI OAUVASIAB MARIO ItUTLBB, HALiTIR, . . H. V. KIVBK4, fraalSaat. aaaftias B4JIM. BiiImm Maaacsv. SUBSCRIPTION RATES 9NB YI-U... ..11.00 .. .60 SIX MONTHS.. THREE MONTHS .. .89 Zntsrsd in ths Port Office at alih, N m Bsoond Class Matter. O. THE NA-HVILLE CONrEKEMCE. Those who attended the Nashville Conference, many if not most of whom were self-constituted dele gates representing nobody but them selves, Usufd a long address and appointed a National committee rep resenting their faction. (We would have published the address, etc., this week but on account of local matter it is crowded out, but will ap pear in oor next issue.) They charged that there were cer tain Populists who desired to kill the Peoples Party, or to turn it over to the Democratic party, and claim ed that they represented the only true Populists who could be trusted to be faithful to its principles. No if there is a single Populist in the United States who is in favor of dis banding the organization or of turn ing it oyer to the Democratic party, we do not know him; but, if there are any such, they are very few in number. There are certainly not as many such as there are so-called Populists who did all in their power by trading and dickering and other wiBe to elect McKinley, and it is no ticeable that some of this latter class were loudest in clamoring for this conference. Doth of these classes aru small and insignificant. Next, they declare that they de sire to see the bickerings, divisions and criminations among Populists cease. This business has been in aagurated and carried on largely by those who were clamoring for the conference. We are glad that they see the folly and wickedness of this part of their conduct. Therefore, i they mean what they say, this trou 11. Ml t 1 . . . . uie win irom nenceiortu be at an end. Next they very foolishly attempt ed to belittle the silver question by saying that trusts and monopolies were the great evils and that free ooinage of silver would cot help one iota in remedying those evils. In the first place, they show a want o comprehension of the causes that produce trusts. One of the most proline producers of trusts ia the scarcity of money and falling prices A sufficient increase of the legal ten der money of the country, whether it comes from an increase of gold money, silver money, or paper money, will cause prices to rise to just level, and such a rise will cause a very large number of the mos ouious and oppressive trusts to crumble and vanish as fog before a risiag sun. There is another class of trusts, like the Standard Oil trust and the Anthracite Coal trust that is caused almost entirely by discrimi nation in transportation rates, re V - A a T 1 a , uaies, eic. in snort, me two great producers of trusts are the geld standard and the transportation mo nopoly. These evils must be reme died before trusts can ever be curbed crushed and abolished. In the sec ond place, it is the worst kind o politics to attempt to belittle a quea tion which, whether the greatest is sue or not, is now and will be in the next campaign, the one issue above all others on which a great majority of the voters of America will divide and take sides. To the Pjople'i Party is due the credit for bringing the silver question along with other great issues to the front. It is part of wisdom for us to keep this fact prominently before the people and to magnify our connection as a party with the same, in order that our party may gain recruits from uo rauas oi inose wno are as yet educated probably on this question alone. Nine-tenths of the recruits that our party has ever gained, or over will gam, understood and agreed with our party on probably not more than one issue or question when they joined our ranks. To ay to the millions of voters who are now aroused to the importance o the free com age of silver alone that we no longer consider it as one o our chief doctrines is the most effec A! 1 live way mat we can conceive of to prevent recruits from coming to our party. We should magnify the fact that the silver qiestion is our reform q order to hold the attention and have the ears of the free silver De mocrats and Republicans, that we may teach them the importance of other reforms that we advocate. It is only toiough the silver question that we can reach the ears of such voters to impress them with the vital necessity of more legal tender monev I ft ft. If ' u me puoiic operation of fcvery natural monopoly. Again, they foolishly declare that unless the next National Convention or the People Party does what they, this minority faction think should ba done, that thy will bolt the party organisation; and in tins connection they appointed a National Commit tee and authorized this Na'unl Committer, as far as th-y r able to give authority, to cll a NationR Convention retrest-nting thir fac tion. There is nothing, however, my irriboi or dangerou to the party in this, for if the ring-leadere, in such a disorganizing movement) should attempt to bolt the party or to call a separate Con vtntion nt th.i own they would have Ut very little following, and the party without them wonld be in better condition to grow acd gain recruits. There were no doubt a number, of true Populists at this conference. There were no doubt a considerable number of true Populists who stayed at home who have had more or less sympathy with the desire to hold a conference; but such Populists will not follow this self constituted com mittee any further than their efforts and purposes shall appear to them to be in the interest of the advance ment and building up cf the party. Whenever" that committee shall at tempt, if it should, any work of dis organization or a movement to split the party, such Populists as we have referred to will promptly wash their hands of the whole outfit. In conclusion, we desire to take the most charitable view of the pur poses and intentions of the self constituted leaders in this move ment. As far as their efforts are di rected toward educating the voters along strictly Populist lines, and to bring recruits into our party, the National Committee and every true Populist will accord them full credit and say "well done"; and if the con ference should have the effect of causing these men to be more earn est and zealous in their efforts for the Peoples Party in the future than they have been in the past, then a'l will be glad that they held the con ference and that it had such a bene ficial effect upon them; and to this end we would be glad to see all Pop ulists who think that they need such a meeting to stimulate them to re newed dtorts to do their duty as PopuliBts, hold other and frequent conferences, in the meantime let the National Committee and the great rank and file of the party pursue the even tenor of their way, ready to give full credit to all who through their efforts .advance our party and its piinciples and equally ready to ex pose and fight to the bitter end any andall, whether inside of the party or out, who may attempt to disrupt, di vide or injure the party or prevent it from advancing its principles or from doing its full duty on behalf of suf fering and outraged humanity. M.B. ANOTHER HAKK'j NEST. ine Charlotte Observer seems to have yoked itself with the Asheville Citizen recently, and a pretty pair of jacks they make. The Citizen noses around for something to turn up its nose at, and when it turns, up goes the nose of the Charlotte Observer With a sort of "me too" air. The Asheville Citizen says: Recently there passed away in North Carolina a man esteemed for many of the higher virtue?, albeit the last to claim possession of them; a modest man, an able man and a brave man a man of lovable character S. Mc Dowell Tate. He was universally re spected, if not universally understood lie had been Treasurer of the State. .4 . li! i .it ... . . ' auu, putbiu asiue an tnougnt or party, we are informed that he was at the pains to make the entrance of his sue cessor, the present Treasurer, into the uuties oi tnac oince as smooth as possi ble: th&t hft Wfnt mit f hi. urair ... fact to show more than ordinary cour tesy. Hence our surprise to learn. i i ti . .... ' uuu uuiy iuui me present administra tion was not represented at the funeral oi uoi. Tate, but that to the fact that he had been an honest official of the State there was not even paid the simple tribute of placing the capitol uagab uau iuast. mere was, it would seem, a studied effort apparent in tnissnameiui neglect to belittle the memory oi one who had never been a partisan in the offensive sense, whose l a. 1 . . ' ueari, was large enough to see some good in an,. and who would have scorned to carry politics into the pres ence of the dead. Ofcourse this extraordinary show ing oi in manners does not greatly matter so far as Col. Tate's friends are concerned. But the point is larger man mat. Aias me state or North Carolina put into high office men who ao not Know the ordinary courtesies of life? It appears that such is the lacr. Then the Charlotte Observer says "me too" and adds : mere are some among them who bave'noidea of what the proprieties suggested in this case. There are oth ers among them who do know, but who uau ii u uepuaiioy iu violating mem. Well, it just so happens that there are many matters on which the opin ion of Democrats is not held in high repute by the "present administra tion," and we do not suppose that Democratic opinions as to what con stitutes propriety have any precedence over other matters. Democrats are equally agile in pulling up the body of a dead negro away from home, or the remains of a respected native cit izen if they think they .see an excuse to get up a whine over either in any way. We are loath to comment on this ghoulish business, but forthe ben efit of these two papers who seem to be losing all sense of decency, we will state a fact or two. . It has never been a custom for the Council of State to take any official cognizance of the decease of an ex State officer with the exception of Governor. The decease of an official while in office ha usually been official ly noted, but not the death of an ex- uuij a icw uionios airo. SO good a man as Hon. S.M. Finger was called from earth. At that t.im AN' w i auu luiefcraiion" was in power Hut there is no official record of any tfficial note having been taken of that sad event by the preceeding adminis tration. Now Dr. Joke Caldwell, and you of the Asheville Citizen, whatever your name is, just let yourself loose on this matter as well as others unless you wish to appear like prowling by e it a-like g bonis. Dont yen 'think you nsve made pretty spectacles of jour- setver we do and so must am bod v else whose mind has not been softened by the hot weather or some other canne. We do not wish tbat such a matter as the above shall be a cause of di turbaoce to you again, so we will take the liberty of promising that, If It will keep you quiet, the next time ttw d cease of a prominent Democrat oobar. some note of the sad event will be made. If you don't believe it, jast of fer the opportunity. THE CRITICISMS OV OOCK1 . The pair of Jacks are at it again. The Tattler," writing in the Ashe ville Citizen, says: It is distressing to contemplate that the Governor of such a State as North Carolina should use Language sneh as Kucsell used in speaking of Judge Simoaton's decision. No blame can attach to Russell for dif fering honestly with the judge in the matter, but that he should turn blackguard is unpardonable. Every such exhibition weakens his case in the public mind and makes friends for the Southern Railway. Poor North Carolina. The Charlotte Observer says "me too" and add: The Governor's outrageous as sault upon Judge Simonton and Kerr Craige, Esq., has, in its fierce ness and brutality, astounded and shocked the State. We beg to differ: There is a con siderable portion of the State here abouts that is not at all astounded or shocked unless it be with approv al. The time is ripe for somebody to say something, and it appears that there is one man in the State not afraid to say it. Protests in gentle words have availed nothing, and vigorous expressions only seems to have any effect these days. vv e regret as much as any one possibly can that there should be a decadence of respect and a warning confidence in the federal judiciary, but none but a blind idiot will seri ously deny that such conditions ex ist. Ever since the decision of the United 8tates Supreme Court on the income tax there has been a want of confidence and a feeling of doubt almost of contemptamong the peo ple toward the last resort of justice in the courts. We do not say this ought to be, but we say that it is. we are not announcing a raith; we are describing a condition. Now, so far as we can ascertain, the decision handed down in the lease matter was what was almost universally expected. We were not surprised, nor have we seen any body that was. It has come to be so that, under given conditions, the de cision of a judge especially a fed eral judge can be almost exactly anticipated by the whole body of in telligent people, and such anticipa tion does not tak? the trouble to consider, for one momenf, the mer- rits of the case. Thi? U unfortunate almost awful but who can deny the fact? While people Lxvesueb ' "timents and feelings as are above iU.cated they are, as yet, loath to give them utterance. But why do these senti ments exist! Is it the fault of the courts, or of the people! . It is no new thing for the courts to be under suspicion or to receive de nunciation. Jno. Jay was Chief Justice of the Supreme Court when first establish ed, and was commissioned by George Washington. Jay detected, even in those early days, the weakness o which high tribunals can be guilty but he himself, would not condone nor associate with that weak cess He left the bench and in writing to Washington about the event said: (IT 1 - Ba. a . i m . -lien me Dencn perteeuy con viuceu mat, unaer a system as defective, it would not obtain the energy, weight and dignity which were essential to its affording due support to the national government nor acquire the public confidence and respect which, as the last resort to the justice of the nation, it should possess7 While Marshall was Chief Justice the court was guilty of some rc ions and decisions which called forth vig orous criticism and denunciation from Thomas Jefferson, whom' the Democrats are pleased to call the father of Democracy. He denounced the court as iill l-x'l. a fcu suDtiie corps ox sappers and miners the reprobated syst m the canker which should be extermi nated before its venom has riches so much of the body politic aa to get Deyona control." The mewlings of the correspond ent of the Asheville Citizen and of the Charlotte Observer are pitiful ihey seem to ; beg for a profound respect for something toward which the peoplo have begun to look with suspicion and doubt. In fact thrse papers make us think of som-) old Senator, who when caught at some of his rascality such as dealing in sugar stocks &e and is told about it, goes out and yawps about a lack of "Senatorial courtesv." TBK TARIFF BILI. 1ST CONFKKRNHK ine tarin bin. which. n-d thA Senate on Wednesday of Jast week, is sun oeing considered by the confer ence committees of the two booses. For nearly four months the twollouses have been laboring aud talking over this tariff bill, but the sixteen men who make up the conference commit tee of the two Houses will now change ana rrame the bill to suit themselves, As a rule every tariff bill is made in conference. The present tariff law is a notable exception to this rule. The Senate amendments to the Wilson law were accepted by the House, there fore there was no need of a conference between the Houses to adjust differ enoes. The work of the conference committee between the Home and Senate was originally confined to ad- Justing and compromising the differ ences between toe two Houses, but each year these conference committees have assumed more and more nower' until now tbey take the liberty of making almost any change in the bill that tbey desire. As a role the reports of these conference committees are to a greater or less extent accepted by toe House and Senate. Both Houses are osoaly tired oat by the time the Committee make tbeir report, and often there are few Senators and Congressmen who pay close attention to the reports. This enables confer ence committee often to pat into a bill provisions which never cook! have passed the two Houses when the bill was under discoasion. In fact, some of the worst legislation on our itatute books to-day has been manufactured in these conference committees, and the report of the conference eomittee accepted by the two Houses without knowing or fully realizing the. im portant changes made. Every Con gressman and Senator should watch these conferences reports more care fully than any .other part of legisla tion. SENATOR ISHAtJ 6. HARRIS. Ttmii'i War QTraor and Out f tha Host DUtlaanlabMl dw of th Dm iwraUc Party la tba Soa'.h Dld la WMhlagtov, D. C Washington, July 8. Senator Is ham G. Harris, of Tennessee, died at his residence here a few minutes before 5 o'clock this afternoon. The Senator had been growing constantly weaker for several dais past, the intense son mer beat which has prevailed greatly debilitating him and no doubt hasten ing bis end. This morning the Sena tor revived somewhat, but only tempo rarily. During the afternoon he sank rapidly and passed away peaceably. There were present at his bedside when death came, bis son, Mr. Edward K. Harris and the latter's wife; Repre sentative Benton McMillan, of Tenn essee; Miss Polk, from his native State, and the members of the household where the Senator bad lived for some time. Another son, Charles H. Harris, not realizing the end was so near, bad left the bouse a short while before death came. Probably ao man in public life had been identified with more of the his tory of this country than Senator Ear ris. He had almost completed his 79th year, having been born in February, 1818, and first became a member of Congress in 1849. His Congressional career thus began earlier than that of any member oi either House, ante dating Senators Morrill and Sherman by seven years, and Hon. Galusha A. Grow, now a member of the House from Pennsylvania, by one year. The remains will lie in State in the hall of the Senate on Saturday morn ing, and during the afternoon funeral services will be held in the Senate chamber. Accompanied by committees of the Senate and the House the body will be taken to Memphis, leaving here alter the senate ceremonies. On Monday the remains will lie in state for a few hours at Nashville. The in terment will be in Elmwood cemetery at Memphis. Washington, D. C, July 1, '97. The fu nerai services over the remains of Senator Isham Q. Harris, of Tennessee, who died at hia home in this city last Thursday evening at o:ou o ciocjt, alter a protractea illness, toos: place in the Senate chamber today, be ginning at 12 o'clock. The casket containing the remains of the dead statesman was taken to the capital the evening before and placed in the Marble Koora of the Senate, where during the morning hundreds of people assembled and so.emnly filed past to see the face of the man who had been so prominent in public life. At 11 o'clock the remains were borne into the Senate chamber by eight members of tne Capitol police, and placed in the semi circular area immediately in front ot the presiding olncer's desk. The Senate cham ber was elaborately draped for the occasion. Around the historical halls were placed tall pauns ana poiiea pianis ana over tne Vice President's desk hung garlands of bay leaves. The desk of the late Senator was heavily draped in crape with a scarf of same material thrown over the vacant seat. The casket itself was literally buried in floral offerings. Promptly at 12 o'clock Vice President noDart called the Senate to order. Rev. Hugh Johnston, acting chaplain of the Senate, delivered the morning prayer. which referred to the long and valuable services oi Senator Hams to the Nation. The members of the House of Represen tatives then filed in and took seats. Follow ing the Representatives cane the diplo matic corps. Then entered the President ana nis caDinet officers who took 8eatn in the front row of the semi-circle just in front oi me casKet. The services were brief and simplej con sisting only of prayers offered by Rev. Mr, Johnston, Rev. Mr. JJuffey, and Chaplain Candler of House of Representatives. At 12:30 the ceremony which throughout was very wiemn ana impressive, was con cluded and upon motion of Senator Sates. rrA 4 1 n i 1 1 . ' uu iBuurawe, uie Denaie aujourneu. The remains will be taken to Nashville ana win lie in state at the capitol a day. ' GENERAL NEWS OF THE WEEK. Announcement is made of the en- gagement of Miss Frances Hayes, only daughter of the late President Haves. iu rusigu xinrrjr xj. DlOllU oi tne UOI ted States Navy. The Iowa Gold D mocrats held state convention during tbe week, and put out a straight ticket from gover nor down. A letter of congratulations from ex-President Cleveland was read also a letter from Henry Watterson of jventucny. ine platform declared against iree coinage, etc. The Virginia Branch of the Society of the Cincinnati held its annual meet ing at Richmond on the 5th. After the transaction of the routine business relating to the order in Virginia, the luuuwiug uew umcers were elected T Z r ifcsiueui, ouud cropper; vice-presi- ueut, ut. ixeo. ien. .lohUKton; secre try, Patrick C. Cabell. A water spout washed out (he rail- roau tracs on tne Jouisyille and Nash- iuu avuarrw eiBuori, near Rich mond, ditching the Southbound'pas senger train. The train was making a low rate of speed and no injury was aone to tbe passengers. The engineer auu uicuuu were uauiy injured. W. C. Keeble.of New York, a restau rant waiter, and formerly a sergeant in Coxey'a army, in a mad search for notoriety, met his death on the '4th 8t. in iuroPin6' from Brooklyn Bridge. Eeeble bad something nt reputation from jumping from bridges and mists of vessels, and sought to in crease his fame as a jumper by making a successful leap from the RmnhUn Bridge. His body made tn revolutions before striking th 140 feet below, disappeared ami not seen afterward. Keehle . h twenty-third man to make the fnni- nardy experiment of jumping from the bridge. The intense heat in mint ea.t;n. -t the country during the week, espec ially in t he large cities, has Wr, th. caus of many prostrations, and deaths and in a number of instan able damage to property. Chicaeo Cincinnati St T.Xni. "" burg, Akron and Louisville suffer moat. In Cincinnati f ha ,.mK ""7 frieu in one day (July 5th) , . - ""W Ul t- a t - "T " " we" iweive. uiuii one man who could not endure the heat ionr hnMA self in a cool cellar. Another sleeping by a window dreamed h ... .1;. SaHai flhlnaa.Mu.. - - WC Ohlftl tha lnt--- " :- "1 ""ruu U1UUKDU LDrFJI T.lVlaiai Ta M ft ;i., ,r . ' w . was so great that it set on Are tbe shaftinr department of th ak rJtZ "Jf3 Stel Company's works, causing a damage to the nrnnt. th. ..i TW,WUi Kdoeata tout Bort tVlth Cascaret. ftAfUSAfiS CNACXZ TC3 CSCttf Aa aktlU ikaTaitM TalaaM atinw . rraf Sto ltermt. These are questions before tbe rail road 'commission: The opinions of Gov. BosaeUand Judge Walter Clark strong forcible papers which the peo ple ought to read. The railroad oommi ion has been ib session this week bearing argument, pro and con, concerning both au in crease in the assessed valuation of rail- raods for taxes, and a reduction of passenger and freight rate. Among the papers and argument submitted were one from Gov. Rnetell and one from Judar e Walter Clark. WH have not space for .'comment on them. They are their own comment. We commend both paperj to tbe most care ful consideration of tbe people. State of North Carolina. Hxevuie De partment, Italeigb, July ls'.T. To the Railroad Commihion, Gen tlemen: I have your notf iuvitipg me to come before your Board ad pre sent my views with regard to tbe val uation of railroad property for taxa tion and an to the reduction of freight and passenger rates. I observe that yon cite the representatives of the rail roads also to appear and present their briefs and arguments in writing. As the railroad lawyers and officers are to E resent themselves in writing, it is per aps more decorious and more fair to them that the DISCUSSION OX BOTH SIDKS SHOULD BB IK WBITIKQ. This is the rule in tbe Court of Claims and perhaps in other high courts. It is conducive to accu racy and moderation in statement and is calculated to prevent recklessness in assertion. Tbe resolution proposed by Commis sioner S. Otbo Wilson is in substance this : "Look at the net earnings of a railroad, thut is, the net income or net profit, the net amount that it yields to its owner over and above all expenses, just like tbe n-t rent of a store or mill or farm; then lis the valuation at a sum, the intereet upon which, at six per cent per annum, will equal such net income." au property values, with certain limited and peculiar exceptions, de pend upou their net earnings. This rule of ascertaining values is srenerallv accepted and Is almost universal in tbe affairs of men. Why should it not ap- piy to raiiroaas r WUT HiB IT BEEN IGNORED AS T THEM auu beir vaiues aroitraruy nxed in a way that seems to indicate a refusal to recognize their net earning power as A. 1 1 . tne essential aliment in ascertaining; l -- n " vaiue r As a result of these arbitrary assess ments, what have we go? We have all the railroad property in the State taxed on an assessment of about twenty-six million dollars. Accord- ing to their reports, their net incomes are three million two hundred and fif- U-OCYCU inuuB&Pu uouarf. f our per cent ror money is reasonable. Five per cent is liberal But suppose in con- Fiueration oi the extraordinary ex penses of some railroads, wben they uuueriaae to conauoc our govern ment, l-UJXTSOL LUQI8LATCBK8 AND GOVEB NOBS appoint Federal judges and even post masters, maintain aauy newspapers ana other luxuries with royal outfits of secretaries, servants, aud salaries', we aiiow mem o per cent. This would give a valuation of about fifty-four million dollars more than dnuhin t.h arbitrary assessments of the past year. it wvum auu iwentv-pirht. million dollars to our taxable values. It would give a new net income of about two hundred and fifty thousand dollars for tne state, the schools, the counties and iue lowns. jnow why are not our tax-payers. "uuicio, uiercuants, manufac turers and all other property owners cunneu b nave tne oenent of this ad union to tneir local State treasuries? xneir property is generally valubd accobdino to its NUT bark- ING. Why not apply the same rule to rail. roads? The existing law requires that it shall be done. The act of 1896 ex pressly directs your commission to as certain ine vaiue from tbe earnings as vuuiyarcu witn tne operating expen ses. (Chapter 119, Laws of 1895, Sec won o4. ine law means that, while you shall put a valuation upon their rolling stock and any othtr tangible property, you shall look to the net earnings a the test for ascertaining the total amalgamated value of the franchise and all other property, stat- V-i " u rouna un. it makes no difference how much nor how little ruiuojf 8H)ck the railroad may have. mo uBKfa question ip, WHAT IS TJIIS WHOJLb' THINQ WORTH .. . -!..vi luis i9 lo ascer tained by lookinsr at Ita not li.nmA Uur railroad taxation 1 u ihav... fairest and best that can be made if it can be executedaccoiding to its in- .tw, auu us equities. This is so siro ply because it taxes everv raiii-n.ri cording to its actual worth or value to "o uwuers. aiany or the States put tuc UJ ucuiarmjf a percentage on gross receipts. This may be best in some cases to secure the State against auu, uum n, is not so lair as tbe North Carolina plan. If your Comm. aainn will execute tbe law and put the valu- CO THI ation at fifty million dollars, it will be on which occur to me why you should I r.nlB,fBDpon c'culation by imnar nearly equivalent to a tax of four per accede to the public demand. alreads III1 ocoonlmotB re P'obably far more PP nr fin Iha trrnu .anj .11 1. orr ant. In o . . I than ISravoan railroads in the State. Other States, according to the last accessible reports, Sf5?!laIr?on? of one P' cent: n.uuu o.uiuko ao 1UUOWI. n I. wcuui)ri,ic niDe per cent; New 1 fork:, nearly seven ner cent nhlW abput threeand a half per centinr: noTs. five per cent rthe lllinm- i-." . n. T t BfiVAn Tnvr f ont tn fti 0..v I The attention of your Commia.inn is invited to cbbtaiv c8bs or gbos's ixjusticb abp jKXQOAtiTr in th railroad assessments. For example; . . : . y,aitf uemnv ing to the Southern Railroad Com- pany which makes to vou a r.nt oonsolidatlog these eleven in one "".v uunurea and eighty -one miles. Their sbt earning rhi innift Si. j i . i i . . .. . " I is six per cent on mnr than I twenty thousand dollars a mile. They are valued for taxes at about six thoul sana tnree nunurea and fiftv d..li.M . mile. The Cape Fear and Yidkilrlr lv earns littl' or t,m,," I tWMD nna hnnitnil .nj "". '.. rl anH I dniT. 7 mtiP nH rraVr" RVAthnitBnnrl -inH .It . I - - - aa. -ft J mMt B VIIUPII MT. I This indicate, a .tm -r linn fhaf n...hf 1, - " t r -8u. . ur i"gmy sati8rao-1 tor V to fhi Snnthovn T..i-. I pany. As to tTe Vad kin Valley," SCUS sibly it was considered that i7v?S h not Jet been felt. itt Zl .it .a.-j. t "UUi lue eaemi circuit court. Then 'aka tha 1A7ilmn bernand Norfolk ro "tiTttZ: oernana morroiK road. Its total as- emrninf; ars KStffiE II "uhht notto Detaxe4onanytbinexoeSth value of its Iron, rollfn aniT .ajl strnctnres and real ..Vt.'.5Xl" I hi-ta-ran-."A llevtlhatrailrtaida ahoolj like other property, a4 that tfcerare here to serve lb people and not gw- 'xiwSke a lock at the North Caro lina Railroad : js!""-" 'r "!": own Net earning - - - 368,000 From this it appears that this rail railroad earns more than f per ent on t ,000,000. Then why is it not worth MjOOOOOOr Thoughtful men in North Carolina know by unanswerable reasoning that it Is worthmor than 6j0OO,O0O to the combination of capital which control it; and yet they have been paying taxes upon a valuation uvea lbs TBAB OBB-HALV OV THIS AHOCXT. The Southern Railroad Company pays taxes on this railroad on a valua tion of only $11,000 a mile, when, ao cording to their own snowing. It earns for ib. m per oent on more than fze.utMptr mile. Again. If this railroad were an or dinar corporation it would be taxed upon tbe actual value of ite stock. North Carolina railroad stock is worth on the market more than 125, so that iu four million par of stock has an ac tual commercial value of more than 5,UK),(MJil. Why should it be let off with a val uation of $2,800,000 about one-half its market valae, while if it were an or dinary corporation it would be taxed upon its market value which is more than $5,000,000? , It Is said that the railroads contend that they ought not to be taxed ac cording to their true value, because in many localities farm property is enly taxed at two-thirds of its value. The substance of this contention is that your commission should VIOLATE THB LAW ABD DI8BEOABD TOUa OATH because somebody else has done so Local boards have no more right to value property at two-thirds than they have to put in four-thirds of its value. I here are thousands upon thousanda of farms in oor State that pay taxes upon a much greater valuation than they wonld pay if the valuation were nxed acoording to earnings of the farm divorced from the personal earnings of the owners. They are frequently charged in valuation with net earn ings, which are not the earnings of the iana out largely tne earning of the In dividual owner. he gives to it his timb and toil. This matter of increasing- railroad valuation so as to get them on a level with other property is of more ores - ent importance than the question of lowering trafilo rate. as to tbe weak railroads. I know of no good reason for subjecting tbem to any general reduction. It may be that in certain specific cases tbeir rates can be reduced with bene fit to tbe public and without iniurv to tne railroads. .Reduction in rates should he made according to tbe abili. ty or tbe carrier to stand them and this can be ascertained by looking at iiueir earnings. l believe that your Commission should fix a passenger rate of TWO CENTS OB PERHAPS TWO AMD OHE QUABTEB CEBTS a mile for first-class, and say, one and turee-quarter cents per mile for sec ond-class faresbut that this should apply only to such railroads as have gross earnings of not less tbsn four thousand dollars per mile. I am con vi need that every railroad in North Carolina that comes within this cate gory is amply able to bear this reduc tion and there Is reason to believe tnat it would not reduce their net in come, it it should, then, of course, TH1!I ASSESSMENTS WOULD BB BB- PUCED ACCORDIK0LT. ma a m mm. x nat ireignt rates should be reduced on tne stronger roads, I do not doubt. xneyaretoo high when we consider iuo iow yaiue 01 tne products upon Which they are levied. This matter of taxation is one which interests all th a iwnnU nf h. a.i. The mcrPtiPd rVnna f-nm I w vwwav wa. SUD ajlSBtl3a w mm v iivui auva aeasjejaj valuation inures to tbe benefit of all. i tnana tne commission for the in vitation and for tbe poor privilege of D"efl7 presenting tbe side of the tax payers anu prouueers or the Stat r.nas ainn rnsr m m n n i m heTpTess, that fSSfiU aU the el- ements of nower TBentVn0" !i unorganized and prostrate" sekmb to BiuNiBLiTo omiw...A. DBLITT TO PUBLIC TBD8T8 OB IHPOSB PUNISHMBKT UPON TBBACBBBOCS SBBV AST8' Dahibl L. Bussbll. JUDGE GLARE'S RESPONSE Ta iha Ratu. n.:..! v w auv MUUVMI UUlllUlIBKlUIl in Last Two Years North Garoliria is $13,000,000 OUT OF POOKET . Kach Orsr 2,000,000 lllaasll Car. rltd Oat of tka S'at-SdthM4l S Osals Par Mil Tmr Varaa-rralslit Should 11 Lower. The Hohorabte. tbe (lentl-man of I tbe Railroad Commission. xn compliance with tourrmnMt r .invmij ruuuiiii some oi the stantial reduction of passenger and freight rites. I wish that your in vita - ble'tba11 l, to express the Justice of ,'nm,' emana ana with power to ner - suade vou to arrant it it! ZLFFl the last six vear. aiw n.m. and skillful rnnnul ranrumtif u. ... . " w repre'nt to yotl JheoSoait on 15 'J therefore, that thi people's .idf tiT' qiestion could now h Q more pont hand than mine? vuc puoilC. either then' Illative Mt or b mea mission, to resuiaaT .. T T ''ICL r of all common cairler auuSV;,.: 21 . . mr-m'i raurwus, nas always been rannv nixed as law. Kenestid nVJ.t: v. it! . . . " vi conclusive! t and rUiri. w. . J00 chance of recall, f besomera.nTt 9 JJge of that court.which7!! the precedents of nna k.. J in order that an i .1" .TT A' nnn Vl wwi.- tiii)ii.t.. "CD ..!:.... . . " 1 Uf,wtieef porauon. and million- ' " -'lf PBO ft---a, aanr sent thrill of indignation tbronsh iivu ura urcuuunnrn nnilMAii.r..l""-B niunii ahi.ii ... : --i:t ItnB k1- "er n's cot-1 ITiTT . v"" pwS. BS Hie Drow f l l"SZS&. m over 'the flxinr th tariff ZZLm Z'U .owT tne uuriomn grorShnLSS! UPf w pobllo welfare and l"l aiina wbleh wonld fnife- nmes greater tfcan " Tr I I to uchtitu raonta ortsjua ows ACTIOS. I f the millers were to combine to Ox tbe tolls of their Bills without regulation by tbe public. It would place tbe oread of the people tbeir merry. Bat that combination Is absolutely nothing to too power (If tbey poaeeeeed It ) of cor porations to levy at will tbeir own rate otto!! opoo every pound of freight and every passenger that is moved by steam to this land. w The very art of Assembly to which yon owe yoor existence expressly con fen upon yon tbe power to fix rates for passengers and freights and for tele graph and telephone eaasgas. cat lb vera commissiox is a xi utt, von have the power and yon were ere- axed to exercise it. i o pusnc uruauu t . M t : - . for a reduction of railroad most have been strong in anite of tbe well known those corporations aod tbeir long ex perience In defeating legislation, could force through the act which created E oor Commission. It was not estab sbed to compliment three gentlemen with ofioe, nor to add to our taxation an expense of some $12,000 annually; but tbe Commission was created be cause the public was overwhelmingly convinced far back certainly prior to 1891 that the railroad charge were excessive and oppressive, and that re lief could not be had from tbe volao tary redaction of them by those receiv ing railroad incomes, hut most BB OBDEBBD BT THB r BO TLB, in right of their sovereign power to fix the rates of common carriers. The only restriction upon your power to fix rates ever suggested by any court, is that tbe rates should not be too low to afford a reasonable interest upon the actual value of the property. This val uation you have placed at $36,000,00(1 upon all the Railroads in this Stat. The railroads have contended that ev en this is too high. There being about 3,450 miles of rail road in this State this is an average of about $7,800 per mile. If this sum In cash would replace, as Is probable, the railroads of tbe State, then it is sufficiently high valuation. You have said, after careful investigation, 1 pre sume, that it Is tbe actual valuation of the railroads including their fran chises. (Acts 1895, Ch 119.) The question then is what is a reas onable interest upon the investment of $26,000,000. Upon so large an in vestment as that 3 percent is a good Interest, for government bonds at that figure are at par. Or take the North Carolina value of monev: our Stat 4 per cent bunds are at oar and even I Raleirh & ner cent bonds latelr aoid I at $9 above par. Even in small loans 1 to individuals besrinsr 6 ner cent mt I more than 4 per cent net, after Ley ing hub, ia iwcitcu uj laow living in i. & . ? towns. The Supreme Court of the United States in the late case of Liv ingston vs. San ford, 164 U. S. t78, says nab rates nign enougn to earn 4 per cent net win not oe disturbed by the courts, and in Dow vs. Beldelman, 125 U.S. 680, tbe same court says that BATES HIGH ENOUGH TO EABN 1 I'EB CENT. arts sufficient when the present holders have bought the railroad, or its stock. oeiow par, as is tne case with all tbe large railroad systems in this State. You have fixed the railroad valuation at $26,000,000, but the bonds and stocks of the railroads in this State amount to $94,000,000. It is clear therefore that rates high enough to pay interest or dividends upon tbe latter sum ia grossly in excess of what is just to the public Freight and travel are thus being taxed to pay dividends and interest on nearly $70,000,000 or fictitious capital. There are three different method. each of which will demonstrate that the present rates are grossly excessive. 1. Take the great railroad systems Of tbe State 'Which embrace naarlw . . . ... I -p or the total valuation. Your re- I P0" or isse snows as follows : I Valaed Netearnin earnings $63,000 Miles 5 1004 C13 I . u so.852.ooo I Southern R. It. I System 8,104,000 1.345,000 6C7O0O I oesooara u. I - 5,265.000 $30,221,000 $2.975.C(J0 That is to say. nronertv invested .r SAA AAA AkA m . - " m w,uw,uw,inm costing present own ers rar less) is allowed rates high ruuugu vu earn nearly MiJJW.WH) net ?l 16 pe f?tere8f annually out of the PeoP,e ! o'th Carolina. Your OOOOOO inndFiiriJ Vrtb ti0 000'00?. Including franchise. Youi Your report says tne net earnings are near j tiWiWvi inn even in inn sr a tne mercy oi tne corporations. a. a - Auere nas not neen cross examination or inspection or their Looks. We do not Know whether in Dro-ratinv tha i- !.! m : nuw cu luc Aonn uarniina wr- iuu ui tueir ruaua as mucn as an IMPABTIAL CALCITLATIOK MIGHT PBOVB TO BB JUST. WWW- a . we uo not know how mn.t vne net earninars would avail I oniy moaerate salaries wr aii I I . . . T. the Supreme Court of the United States says in Wellman vs. Railroad, 143 U. o., auu vney say u a rain in Ronn vs. Ariisv uo 1&4 U. n at mm ih " uw wilt ue uriu. Lnn in tar ain tu toe salaries are SHOWN BOT TO BC EXCBSBIVS or tnat improper charges have uu ueen mauet tnat ih uj iue puoiio autnonty cannot . . .. " . . . - bill IUUM TI MT rjtr. mm auuwu up. to me aosence of any extm nations ny your Board of tbe original Wan Br AS a B mt am a. a... .a . vl in,Frvi(wiB say mis in sup- iwn ui s surresiion mat an nHi;.. of the books might show tbattbe net Tne rai,rod returns as made to you 1 V parte aod among very diidt Wcibibo bxplakatiom is this 1 In 1891 th a... . . Ifl1! the, gTo" 'eceipts were re- "Jr..7 "d '.c.,u,u' f.izu,ouo. InlgdC tbe o5SrbLWBloe,e I . UVVA " n.c'f" or operating I Jr. V"Trr ,-,.'wuuu; t n oth.r rtons do the TsSS 1 i I bf exnanaaa ahUk t. : m . we anow that Im- aj-.wM uatB uwn rnnii.iiii. i lthraiima - . ""e in lr.Ztl1" or,d nd that the wares wi mis uian. ina rank a H HAVB BBBBT BATHKB DBCBB.SBD1BAB DIlfiniSBXD. Inter state Commerce Com The mission t.- Z ' " u salaries allowed hr it wJttVefDcU1- hm-elves, b It would take a ereat dai e acconnt for the addition of simmi expend. In 5ihSS5 y,nm7i L. r iurinuaro K'5inJf earsout of an increased Emffl." Then to ..ViiP t Curitrib .fed irte of . "rfDfr.i t , shrank wiTnotrr ,Mr na K""T?wj-owa.Baw ' i- a x-riva SZill.? TbT d it Id the vain. r ntter. which Ient' of tbess th--ull. .Y'T a as me rates ah...M k7VT net reported op.it. Unoedon trdiw aim trer In j 1st, .Crowes, r.ll ra rj a taknB t., d, Greatest Cu VoItitAtr) t- puDikcaemaoa jxssk: 2d'Createst$at rn influence of Atwdati .t:,.-.. their long ex- a -' ' - ...m la Uarw ..... la Uarw tUtr Kanajr4U n n n LnJ(So 0a ... V IiUkU.-! It U lhi Mood's puis v;, :.: - nORTH CIROUU COLLEGE OF GBICUlTUjh UECIIJWIC ARTS will open f cf r hn iru Thorough academic. ,r ..... . technical courses. Vxr,,? ialuts in every depart u.rtt. For County Student. For all Other Mudrui Apply for catalogue ai.kxaxukk , nMj u,.t a a . I Italeigh. X. C. N0TICI: ! TO SCHOOL COMMITTCES k TEACHIiKS. If you want a rmt!a u,ii9 school, we can rla you iu c. with sans. NOOIA1U.K V.tJTl orcua larniiareor any km l,. we can ssvs you TIM I MONEY in buying. 1 Lul t-iJTWe- can teachers. be of rr to tt, CHARLES J. PARKER. Manager Educational Itj iu;.h.s.i The State Konnal and !rfa College, GREENSBORO, N r.. t. Offers the younaj womm ,f tl thorouch profesriooal. literary. -uuut auu iiiuuaLnai ruU'Stxa. a nuti sinenses tw ta tiso. r.n,x.. members. More than 400 rrrular m-m rrsctioe school of 128 prpila tor MBi axon man iwi ruaUicalatn rwma erery county in the state eij ta ( orrespondenoe invited from iUm imst. board in dormitories all f m-iuitjoo M . ft. . . : a a . r iuub uc maas tteiore AufMk r r caiaitue ana iniortnation. adinaa tTesident CJIAKLKs n. school tax nmm. In compliant with Chant tZt the Public Laws of 1897, an tca Is ordered to be held in everv tosaih of this County, on TUESDAY after tbe 2d Monday In Aug-tM, IS on tbe question of levying s 61 Tax, for1 tbe Public School is eie Scboo! Iirlct (whieh said CtttA are the several town. hi 1 bf county) or ten cents on every hub. dollars valuation of real ai.d inm property, and thirty cenU on w poll. . Those in favor of tbe Srdal jic Tax shall vote a written ,.r ballot wit h the words KOK M IKjo: thereon; those opp'sed to the ijc. ocuooi ibx snail vole a riti printea oallot with th gr All A I NaT 8CUOOIJi', uy order of the Board of Cwsr. commissioners ; JOSEPH J. (H.KL.v Clerk Board County Couiujim.hi iuneo,isu7. m JuljIt BIDS FOB PUBLIC PBIHUK t The Sfateof North Caroliin Lerti t ilea ana ssks for bids, frotu rwjiooi- firmuoK oa fiuDiiatiine hoa!, fur pr ng and binding one tbooiand olon- North Carolina 8upreme foufl 1T Volume 120. SpedficsUcna m him Pody of book to bs set in solid stuaii p or eleven point type, tsars cid n a tobe printed in solid brerier. Vp forty three pica ems long, sod Uefctr-U P'es ems wide. To bs bound 10 fall U abeep bindinr; loose back: earh valnaa havs on back one red and one black rocco label with gold lettering an and necersary and numbenufr of rsi uurnra on DSC. riniaLeJ in IK style cf theas rraorta. I'aurr w3i furnished by tbs Stale, but all bU material thall ba fominhH I cetod4idder. Usual style mart t taSe Printing and rranrein-nt f rl Sealed bids will be rece-od until Jb 1W, and will bs opened July TL ""st be completed within siity dT awardioK contract - Uida are diri tr responsible bouses only for tie par? swardmr tb tzmtrrt in 'aju n ! wa bidder, but the xieht Vt t?A ? and aU bids is reserved. lii! vitrei fwcifv the f oUowins: nice for composition per Uft eioa. Prioa tmr nvMiMk ,.Wm , 7 f . m. ft: ft- ft. "ce iot binding per volume of i rice for binding per vo!un.e In Addm Vfil3 THOMISO ' Secretary of a lUleifib. -C Guilford College. Founded in 1C7. Firs larva mnA wall mmnA Lrick It TV h . lAmm .K..irin1 QT. - r. . ' p v-CW ft! Ui ft. - ' . hall now boiifin i Airt u.nml fr inrs SOSClallv blannaH tar h ! Z. cation in healthful Piedmont acre Dairy Farm. 3 eoun-n Umlixz Jf greet. Abo Music. Art and I'bp1 r "g- Cbrresponaenee solicited. President I- L H'Bii e Guilford CoJee,u TIE UKIVERSITf. Forty-eo Usx-.Ura. 4'S summer fpbool IW, total, $3 a ruot.tb.ll.ree brief rourft, full ct-orsea. law and mrdical TL and school vr rbarmarr. G2 courses open to women, sun.mr for Oacbrrs, scholar bit snd forthe needy. 'W, Addresa, Cuaprl Hill. r Oara. Ootm mm Winston Bspnblicui.1 Tho following lines bT r: carved on tbe tombstone ofa Carolina mvnshinen KUledl72 government far makinr vfb"uk'T5 of c-trn grown from seed farsi by CozeoQtaY
The Caucasian (Clinton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 15, 1897, edition 1
2
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