Telegram-herald., 1889-10-02
TOO MANY ROADS.
Railway ConsErs2exion Far "a Ae-
Vance of ne Co1nkrys Ess6A
cazgESIozER rlTLORS REPORT.
nA s1s~s - ths Cssfsz- .a4 kziasas
AAs@ @@rss .ad nLs a~slsaT fs< 80
@<.sl@s Esii-- Coe1lL.s- "a tAs
sss.4a4<sd H1-s2

olA zALLAokc8
gkssrxo4vs. Get L-HerEcs q Taylor
ne gonn1lssfonsr u EailEes1s kzs rist
MA Eha Secretary % tas in5~riog sAe 49,
aasl rspors ~ ne operations ~ MS s1rea1
fDx ia 1sca- ys-- sa4lag i4as y. -.
Ihs Ceuul-asio1er 1lkeussss si4s r44A<oai
ssaaasn IN sas Hsst I'D Northwest 10
saFss
'-ssssrai q ths rszros1 scrpsalss shien
haTs rscsivrt sr.1S o. pgolle .aads - 40
u % coassz-otls1 81 r3e4s 1eei.ls " res1rt
- ma 1nise. FOR ne rs-s1n tsss sg1A sra4ts
ssss nade - Us rssgessFs States .1 sn.cl
no soa1s aF- lssss1 sl2 8o1 ~ t1e Jalt.i
st41es Tao eoIat nsas = laa- zraat 20 a
stats f8r = ra.lr0a1 . 10g a ssaEL - sns
rallr8ad samDsaI. Pa Dos.tlca takea -
taass somgaEles Egald seen - es technical
aa1 ssassve. PIE sa4s Ssfs s4as1 - sls
Uu.ts4 31atss 1a1 Granted - sets of Ooaslsss
g the -t4tas ior me sole puryose " 4l1llx "a
tzs constrlcfi81 sf r4lirp4ds. Ihs companies
rscsize th8 fl-l oslents lf z-s grlats. fhs
esga1sasss ssilec ~ tas lieeers4 Laai once
Tor ids .an1 s1lsd 1alF4 ile rA-ro4ls -
~hess sss n - = De sEDiis1. aad ~ SONS
sases a. ac4 even asmo -le sat,
Ih8 Comm ls-si0uer then discusses The
railroad sllaAti0a ia sns Vest. 2nd says
Repeated aa1 railogs rate ssss. dsstractiys
slks 70 Ne interests % 10 railroads anf tLo
s1.pDiag gl4-c, naFs ailec - - alarming
rXEE4t 4LIul .A- Ne-L IN trErAs 41AEA
TIE unparalleled development % he
vast rssoasess " shs Wasiern states zld
Territories aas astra1sed capita tners, znd
railroads have opeaed iaViaaz rsl1s % IN
VsstsrA A resalk railroad building has
been carried oa tar "a s1Vsnes 81 sns aeeds
Of thc oorntrg These rate vars are Ia
z.aay. II cot Ia most cesss devoid of paliia-
toa or exeQse. -asuslratet sitho.s reas0n.rls
cause. All yladlcslvsiy prosecuted sith al ~
~ disregard % heir DISASTROUS ereccs aDon ne
interests o. ths con paaies engaged and shs
business Da5le. Tnsy fossroY or iuperl ths
valss o. railroad securities, impose uniust
burdens apou tAs conmerce of eoGDsting see
tons. prevens Efsbllty IN business and reader
me Dron@ % tns producer and sns trader
alike uncertain.
The Commissioner says that he dO1s not
believe Ehat reosnt lcsse. ia railway circles
are tue 20 restrictive law. The recognized
lANs 0f trade have become imperative.
and &c = necessary 90 Invoke legislation 20
curb the GnWasranted presumption OF
transportation companies. The report con-
t.naes
Tbs -xcecdlngiy aafor.nnats situation
whrn has q taie prevailed q The West erd
NorIANsst presents VIVID illustration and
gives al expensive and apparently unheccsi
lesson regarding ths elects of unreguiated
c0rnpetlsou. rlless contitlons are changed.
tbro1Zh NE voluntary 2cEons q the railroad
eompaniss or ~ Legislative Interference. com
merclai relations VII De- seriously s.urbcd
ana iAsling nlarfcs inflicted upon the railroads
AID 1pon ever department. o. trade.
Il believe mat ia many sections or ths West
coaspicuousiy Ia ne states % Iowa and Kan
sas tns ialeays Ot railroads - greatly 10 ex-
CESS OF tns legitimate aesds 0f the carry .ng
trade. r shis D. true. thea many % the IN
Tsstments Ia railroad properties there must
fau % yield rsnunsratlve diviicnfs or tie
a-faflstfaa ~ ~ rreI 80 n
prove rulrousiy ourtensoms % .ra-ic. THIS
condition OF things presents problem ain
cult of solution. r. 3 safe 20 say that the rem
edy does not 10 ia sns ievyirg - extortionate
charges or WAxlng q reckless rate wars The
security % the railway system lies Ia admins
tsrinx u with careful respect % Justice anf the
public welfare. Relief can oaly come through
Increased settlement stimulating business aud
developing natural resources"
The Commissioner gives IN Detail tho
condition cf the subsidized roads with
which the Government hAs pecuniary rela-
tfocs and says that. "A HIS opinion, thu
most feasible plan % secure 10 the Govern
r1ens shs payment os the amount due
from the bonded roads Il 20 grant reason-
able extension of time. With reduced rate
o. interest. and require the payment OF a
certain Per cent OF the gross earnings OF
the roads % be applied 20 .he liquidation
The Commissioner prefers his plan 70
sAose % fxed amounts and peE cent ~ net
recstpcs. becnnse IL Il elastic and VIII yield
20 the necessities OF the roads IN unfavora-
bic years and because it viii meet and
overcome the evil OK the diversion o.
traffic frora subsidized % non-subsidizsd
nnsz Continuing. be says;
.Is IL apparent beyond contro7srsy ;ha, tns
subsidized roads can not discharge ths.r obi
z1lioas 20 ne GoTernasnt a. maturity. Ex-
tstirg avs sre wholly .nateqsste 20 secure
the debts due aod shortly % become Cue. II IS
Imperative taat Congress provide some as
urs ~ relief r. = NJ op MON that it would
tsns'aa o. sine, reducing the ra-s Of interest
t0sortper cent. requiring that he earnings
from al G0veramens transportation by the
snbs.1. xed companies ca a. lines operated ~
thens. whether aided or non-sid-t. should %
aDriisd 10 tae payment % say interest Or prsa-
cuai das or 10 become dls within III fscal
YEAR IN which M services m izhs D. rendered f:
prohfoisfnx ne paym-n. ot a1y dividends ~
efth.r o. TIE suhsiiirsd companies unless such
eeunosay shat have pad al interest 90 "a
oondsd DEBT having iiea urior 70 The Govern
nent. sni al naturst iafe0tsdness and IN
h.ress shsa due. snt % srcn pcrcsEtsSs
o. ths gross earnings - 30 subsidized lines a.
bv earsfai sstimasss would reahts suns
saroisns 70 os7 sccrui1x iatsrest Aat rzise a
slnkinr fand nat would msss re vr'ucipal n
.re aeoss st thsir maturity. TIE said con
paolss shouId $50 be permitted % refund shes
rrss- rnortzsxs bonds under sncn provisions ss
woatJ r-evens any Increase IN tha debt Which
"a slfo~,.d priority ever tle iest - tbe Unltec
SlatsS'