SPECIAL MESSAGE OF THE GOVERNOR WITH THE REPORT OF COMMISSIONERS To Consent in Behalf of the State to the Erection of a Niw Union Passenger Station on The Statets Property in the City of Atlanta. GEO, W, HARRISON, STATE PRINTER, ATL.UITA, GA. SPECIAL MESSAGE OF THE GOVERNOR. Geo. W, Harrbon, ulate Printer, Atla.nta, U-a. 'J'o the Senate and House of Representatives: I herewith transmit to your honorable bodies copies of the report of a commission, appointed by authority of an act apprond on the 20th of December, 1898, to consent in behalf of the State to the erection of a new Union Passenger Station on the State's property in the city of Atlanta. When this act was passed, two propositions lo11king to the erection of a union station on the State's property were under discussion. The one, that the several railroads entering the city unite and build with the consent of the State, on the State's land; and the other that the State build her own depot and rent or lease to the railroads. After much discussion and several meetings of the cxecntin officers of the railroads and the State Railroad Commission, and of the same executiYe officers and this sp0cial committee, the tirst suggestion was abandoned, as the railroads were unwilling to build at their own expen,e on the State's land, unless they could get a long lease. The State's representatives were unwilling to yield control of her terminals for a period longer than the unexpired lease of her road-about twenty years. Hence 6111 ,,11e pla11 i~ possible, to wit: for the State to improve and control her own terminal. It will be seen that this commission unanimously recommend that the General Assembly assent to the proposition agreed to by all the railroads now entering the union station for the erection of a new union passenger station. This proposition is in brief that if the State will erect a new station on its own land on which the present structnre now f'tands, the present lessees of the State's railroad of iYhich this station is the terminal, will lease this new structure for a period of years, to te:'minate on the day on which itspresent lease of the 'Western & Atlantic Railroad terminates, and 'Nill pay to the State in addition to the $35,001.00 per month ,vhich it now pays as rental for the vVestern & Atlantic Railroad, six per cent. per annum on the actual cost of the proposed new structure, or about $30,000 per annum, if, as is contemplated, the new structure costs $500,000.00. I fully concur with the commission in its conclusions and recommendation, the following reasons: First: It is a sound business proposition. An investment which yields steadily six per cent, per annum commends itself to the judgment of any good business man. Especially i" this trne if by making the new investment the productive nlne of another much larger investment already made, is greatly increased and fixed, as in this case. The State now owns a railroad worth not less than eight millions of dollars Jts terminal in Atlanta is the most valuable in a great raill'oacl center. If properly imprmed, while very valuable now, it wonld be rnnch more valuable and would add greatly to the renting value of the State's railroad, and make it, by reason of its location, the key to the railroad situation in Atlanta. Secondly: It is necessary to the preservation of the renting valne of the western & Atlantic Railroad. All the passenger trains now entering the city come into and go out from the State road's passenger station, and pay a good rental for the privilege, but the present old structure is entirely inadeqnate to the demands on it, and has been condemned hy the railroads, by the traveling public and by the State Raihoncl Commission, as insufficient and dangerous. ,\.nother larger and better structure mnst be erected quickly, or the State 11111st necessnrily lose the valuable tenants she now lrns. Should this hnppen, and happen it must 5 1mless we provide adequate accommodation for them, the value of the State road instead of being enhanced and fixed would he_greatly depreciated. For these two business reasons, leaving out of the ques- iion the safety and convenience of the traYeling public, it seems to me that the State's interest and duty are too clear for discussion. If the proposition involYecl the imposition of an extraordinary tax to carry it out, I shou]d_oppose it as earnestly as I now fayor it, preferring to take the risk of losing the tenants to increasing taxes upon the people. But it does not. There are several ,vays in which the necessary structure can be erected on the State's own ground, already paid for, without the collection out of the people of a dollar for the purpose. I will snggest only one. There will he in the treasury on the first day of N ovem- ber, $-4)32,750.00 derived from the sale of public property, some of it from the sale of ,Vestern & Atlantic Railroad propert.v not wanted by the present lessees when they took the road. This money cannot, under the Constitution, be applied prernanently to any purpose other than the pay- ment of the bonded debt. No bonds of the State except those provided for by the sinking :fund, will be clue till 1915. Hence this money must lie idle in the treasury for fourteen years, or be loaned to the depository banks as it now is, at a nominal interest, while the State's railroad prop- erty depreciates in Yalue for want of improYement. This money now idle, $432,750.00, supplemented by the one half rental of the ,,estem & Atlantic Railroad for four months, will pay for the union passenger station which will meet all the demands upon it for a generation. The month- ly rental paid to the State for it, onr and above the rental now pnicl by the lessees of the ,Vestern & Atlantic Rail- road ,...-ill beo-in to come in at the end of the first rnonth l b after the completion of the structure, and will continue to 6 come in every month at the rate of thirty thousand dollars; a year, and every dollar of its cost will be repaid into the treasury from this source before the first bon