The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1874-08-21
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IN that Ssass ~ sns II The msss m*~s~s.
ass es all the statistics sssmsa D. ii.
Mrss fs The sasisfsesse~ II shs sismes.
ess u'smsess. - ia~ ~ fsrs s,sas II.
ssssn@ess spirit shassessssase a ,ss.s
iee'slAsieA y that rias sAas ,hs eem.
rsniss have ssneralls agreed y -.
esrt Y ttaakly asd give u fsis trial
ihs Commissioners Ari,einssi srA~s
thin kw, " the cesrSe either s,,s~a.
asie r~iarsiahs, called xpem ,As lreai.
dent n The consolidated N. l'aal and
Sioux cisy aud siuas rny and ~.
Paul Railroad Companies t,he ,we
roads are practically vae J 10 show eaass
Why their rasca should not b reduced
lie did show cause. aud Il would an.
pear ~ the disint.rcsted observer 4
pretty good Que. llc showed that the
net earnings II the two road. for The
arst six months Of Tho present year
we're lee than go. 900. while tho IN
tersst On their funded debt and rent
charges fcr tho same period were elp5.
600. leaving An annual lefci. u e.po-
900 y be provided Cor. Nevertheless
= reduction ofratcs had been made vol.
UNFAIRLY on tho iss of July. with the
hope Of stimulating N Increase Of ,raf.
dc. bn. ~ tue roads ran through the
grass.hoppcr dis.rist il Was evident
that their business this season must bs
light. la spite Of all this. tho Com.
missioners insisted upon a still further
reduction. They seem 10 have assum-
I'd that they were not appointed for
tho purpose of ascertaining what wore
fair and reasonable charges; they we're
y take Il for granted that Ill The u.
isting tariffs were TOO high aud 10 cut
lhcm down all round in Obedience 90
The demand q tho people"
Tho company which has suffered ~
much from their action In this case hap
pens to bs one In which tho aLusos Of
'sock watering and fictitious share sub.
'criptions havo never been practicsd 10
my great extent. II Il all. The stock.
holders have put their own money into
tho enterprise and ~ good out Of their
private fortunes The large deficits In the |
business. The funded debt consequent
J represents : genuine invcstnens.
,pon which ths Commissioners will not
'llow tho company 70 earn sithcr diyi.
lends Or interest. II tho decision Of
hs Board Il 70 stand, ~ do not scs
low the roads srs 10 avoid bankruptcy.
Wv suppose central Commission ..
Washington, the creature aud servant
1 the ruling party, with authority TO
sviss the schedules Of every road In
hs cosntry. Then ws should have
h railway business managed on polit-
ral principles; rates cut down 1. cleo.
lon sine In tho farming districts, rich
orporations black -mailsd into she sup-
ort Of The Administration. Tho laws Of
rads entirely disrsgardsd, capital d.
rived VI iss guarantees; and enterprise
course brought 30 ! stand. A gen.
raj collapse In railroad securities
'ould soon b inevitable; for nothing .
nt ruin and havoc can snsvs when the
~ compsls one msn 10 manage an.
thor mans business. IN. 7. Tribune.