Duty of Commission to recommend railroad legislation. . .

Much confused information on the subject. Subject discussed under four heads.

1. Grounds of the right of regulation.

2. Limits of the right.

3. Mode of its exercise.

4. Legislation now needed.

Sound views, the proper basis of legislative action...

1. Grounds of right.

a. Constitution of the State.

b. Law Common, Civil and Statutory. Corporations-Common Carriers, Monopolies, etc.

Argument highly cumulative.
All grounds in one.
Argument intensified on each.

Strongest case for regulation by law.
c. Natural law.

Basis in the rights of Locomotion, Transportation and Exchange.

Duty of State as to public roads.

If transferred to corporattons, need of

guards and limitations

Regulated monopolies-Ferry illustration. Immense growth of business-Its specialzation . . .

Entire revolution effected by railroads.
Political bearings.

Railroads compared with rivers, ocean, or

dinary highways, etc.. Legislation at first improvident-Reasons. In Georgia nearly all production in order to exchange and so for transportation . .

Constitution of Georgia well guarded.
Legislation of 1879 cautious.

Action of the Commission-A report not a judgment. . .

Virtual master in chancery

Regulation by law-constitutional, right

ful and necessary. Fortnightly review-quoted.