482 ?H GRotlNbsWELL. 



nies. The railroad companies claimed that the Pullman Com 

 pany would rent a whole section to an individual, by which 

 that individual would occupy the room originally designed 

 for four. They paid the railroad company for the single pas 

 senger only, while the railroad company claimed they should 

 receive pay for the space occupied, one reason given being 

 that the cars were far heavier than ordinary first-class 

 coaches, and that it was injustice to the stockholders. The 

 probability is that nothing more will be heard of this litiga 

 tion. If thoroughly probed, it is quite probable that it 

 would appear that not a few of our railroad managers are 

 interested in the receipts arising from this species of trans 

 portation ; or, in other words, that they have been leasing to 

 themselves privileges which belong only to the stockholders, 

 and not to the officers of the road. 



So with express companies. The ramifications are so 

 wide and intricate that to get at the gist of the matter 

 would require that the whole system of transportation be 

 renovated a consummation earnestly wished for by some of 

 the more conscientious railroad men to-day. But this can 

 not be done in a single State, without its reacting unjustly 

 on that State. It can not be done by a community of States, 

 until the penalty for dishonorable action be sharply defined, 

 and made swift and certain. When once the tap root of 

 this tree of evil is struck, then may we hope to see the be 

 ginning of the end. 



WATERED STOCK. 



There were 70,178 miles of railroad in operation in Jan 

 uary, 1873, in the United States, and the total cost of these 

 roads, as reported by themselves, is $3,436,638,749, or an 

 average of about $48,970 per mile. Besides this great sum 



