Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1888-03-01

Go, pid had Il been operated for the entire
.tGr OF 1885, under The old contract this loss
w,ud have been Slc6,000. But You may
say TO this, that perhaps II was an indiscreet
contract What would have been the result
TO the owners? The result to the owners
would have been. for 1884, after paying the
in,ereston the bonds u profit OF S3i, QS0;
for 1855, a loss ofSioo,000; for 1856. a loss
Of $4,000; and for 1857, loss OF SOS, 3aa.
AS Judge Hubbard explained to you this
morning, the dividends upon the Iowa Falls
and Sioux City railroad We're paid out OF
the sales OF land. They We're not paid from
the results OF traffic. They were not paid
nom tho revenues derived from the opera
ten OF the line. These dividends were paid
ti,m sales OF land Had owners or. stock
holders operated this piece of property for
the Years named, the loss would have been
as have stated, varying from SOS, 900 to
Sii0,so0, during the last three years.
Recurring to the Dubuque n Sioux City
and Trust you may he able to bear In mind
these figures, find that the passenger tranl
for five years past ranged from 2a75 pcr
cent OF the gross earnings In 1883, 10 a. IL
per cent IN 1887. The freight earnings were
20 per cent IN 1883, and 60 IL per cent In
1887. II will be seen, therefore, that, asst
ming the gross revenues from freight 10 be
perhaps eight hundred thousand dollars;
the passenger revenues were, In round num-
beers about two hundred thousand dollars, A
reduction In the passenger rates from three
to two, cents per mile would mean u loss In
tie revenues OF the Dubuque n Sioux City
Railroad OF s0d,d0d annually, II applied 10
the earnings for the past year. The
freight revenues were. assuming tho gross
AZ $500, eco, about $3.50, COO. IL takes bat
tmall reduction IN the rate per ton per mile
In lNln M IN "A IA an all
urnlc us these lines command, what small
profit there may be In the transportation OF
height business,
II Is, perhaps, proper to call your attcn-
tlon 10 u singular thing In this connection,
which Is that IN the state OF Iowa. aud on
these lines which have mentioned, thorc
has been In tho last five years an absolute
reduction In the tons OF freight moved. The
lines refer to In 1887 carried smaller ton
mage than In issa, Volume Of tonnage Is
recognized by all as the corner stone Of
freight trnilic. That Is an axiom that cannot
i lie rainsnid. Where the tonnage IN large tho
cost of transportation per ton permilc Is nee
essarlly less than where the volume of tonnage
is,nall Where the volume OF tonnage OK
rands from year To year the cost of moving
each ton dlminlshes from year to year, but
where the volume Of tonnage shrinks from
year Ia year. the cost of doing the business
Is increased per ton per mile, and II IL nh.
solutcly impossible tochange these condi-
lions. They are imperative. In 1883 tho
tonnage moved ON the lines referred To was
300, $40 tons, and In 1887. 4s7,0i1. In the
year 1854 II shrunk TO $4,000 tons. On
the illinois, lines the reverse Is tho
fact Take tho parent line Of the
from Chicago 10 Cairo. sos miles,
and that from Centrala to Dubuque, 3i3
miles, being total OF seven hundred and
eight (10S) miles, the tonnage has grown
fiom two millions one hundred and one
thousand six hundred and forty-one q, t0t,-
CAD In 1883. 10 three million slxty-three
| thousand and forty-elght (3,063, 0iS) tons In
| 1887 showing growth In that tme
| Of fifty per cent on the seven hundred
| and eight miles OF the Illinois Central par
| cnt line. That line could better stand re-
| duciions Of rates With such q swelling vol
| rme Of tonnage Than could either OF the Iowa
| lines refer to stand the reductions OF rates
now being considered by this Legislature.
Hut although The lines In Iowa arc In tho
| condition have outlined, although losses
| have been made upon these lines, although
/ HE heavy expenditures named are necessary
| In the near future, although the owners OF
| u csc llol critics have received scarcely any
| cneLt from their ownership, the public, the
| pancns of these Iowa lines have received
| and do receive practically the same rates on
| feIRht that ale charged nIon the seven hum
| drod and eight miles OF parent linc IN IL
| III o's, and, gentlemen, ON this point trust
there will bc no MISREPRESENTATION.
| The freight rates to-day In the State Of
| Iowa are In some respects lower, but gcner-
| ally about on n level with the freight rates
| uIon he Illinois Central system In the State
/ ~ lt......
| ilui have nenlloled as TO the physical
| character of these Iowa properties, regard
| less Of Tie increased cost OF operation OF
| ihtse Iowa properties, The merchant Or the
| farmer who ships over these Iowa lines, or
| he mechanic or the farmer or the CONNER
| Cial traveller who rides oyer them, pays sub
| stintlally the ganlc prices for transportation
| ns are paid on Illinois Central lines In
| Illinois, which have a much larger vol
| tire Of tonnage TO move. find by compar-
| ifGn that the Berchaudse classes. known
| generally as CLASSES |. 2, 3 and 4, wherever
| they aic different from those charged In ILL
rolls are lower IN Iowa than In Illinois.
Take II ON the twenty five mile haul, first
class, Iowa 20, Illinois ~; second-class,
Iowa II, Illinois 20; third class, Iowa IA,
| Illinois 10 fourth class, Iowa II. Illinois
H. Take Il ON the haul of seyenty-iive
milcf---nfsl class. Iowa 81, illinois 10; sec
ond class Iowa 90 Illinois 80, third class,
| Iowa ~. Illinois 20 fourth class, Iowa 10,
| Illinois ~. Refer to the 100 mics---l0wa
| 20, Illinois Al second class, Iowa 81, iili-
| rois a3 iLrd class Iowa 23, Illinois 26'4 !;
| fourth class, Iowa ~, Illinois2o. tt
N,mlcr: lis that TIE Commissioners rate
| or your iaic9 stsr33
| Mr. Jcfery; Those are the tariff rates of
Tie Illinois Central In Illinois and the Du-
| luGuc q Sioux City and the Iowa Falls Il
SIoly City and the Cedar Falls Il Minnesota
| In the State of Iowa. Nor Is II much dliter-
ont IN other classes. Take the carload rates.
| Fifth class Is SUBSTANTIALLY the same up 10
hauls Of fifty miles; then 1t Is, Iowa II,
| Illinois 12: seycnty-liye miles, fifth class,
| Iowa IL, Illinois "a; one hundred miles,
| Iowa "A, Illinois 10. Classes A, y, and ID
are each practically the same on the Iowa
| lines as en- the Illinois Central lines In ILL
| nois. | mention this, and l hope, gentle
| men, you will awe careful consideration to
It. | mention this 10 show that here in Iowa,
with capable and watchful advisory or
| snperyIsOry Commission, intent az II has
been on directing tie attention OF railway
| managers 10 the interests Of patrons along
| Tie lines OF read, and with watchfu pub
| lie, and with active business men and with
| pcfiye competition. and with reasonable
| railway managers and able freight agents,
| active In the solicitation and securing OF
business and the accommodation OF patrons,
| these results have been brought about
| without any compulsory Legislation.
| Thy have bten brought about aud
| worked out on reads that are unprofitahle.
ask therefore. under these circumstances.
ard in view Of these facts. IL 1t Is neces-
1 a.. f... o. trl1