| Show LO MR FEED L AMES arraigns the western railways for the fact that most securities are held in few hands he says this condition of affairs invites attacks from legislatures and organized labor in massachusetts railroad stocks are owned largely by people living along the lines of the roads in the old colony road there are stockholders who own from one to three shares bah each of these stockholders feels a personal interest in the management of the companas comp anys affairs and all hoard their dividends to buy more stock the company carries shareholders free to the annual meeting the annial report is furnished to all stockholders several days before the annual meeting and they are kept fully informed as to the affairs of the company no matter how small their holdings are As a result the company has strong friends working with it compelling their legis dative representatives to protect interests if such a condition of affairs could he brought about in the west it would solve many of the great difficulties mr AMES is a new york capitalists widely known and a first class business man in this instance he tells the truth it will be remembered by the people of this territory that while the utah branch of the union pacific was known as the utah central and a good deal of the stock was owned by home parties the road proved a financially success after a few months of management under a concentration of capital or under the direct control of the powerful union pacific not so much patronage waa been given the road the most happy results have been accomplished in utah by a conjoint interest in mercantile matters and manufacturing enterprises in fact had it not been for operation cooperation co many sections of our country would have sadly lacked in prosperity and such institutions as tend to build up a country concentration of lealih is an evil and it exists more in the west than elsewhere in our rich country |
