The daily morning journal and courier., 1894-07-14

cOuiu pe NOlu TOT hnu continue tnib ruinous policy indefinitely. or be ac- oused of breach of falihy Who will deny that such a question in plainly not subject for lArbnration7 Is it not then unreasonable that the com pany should be asked 10 arbitrate. whether or not 1t should submit such question to arbitration7 Removing the original and fundamental queI:ion orc stage does not help the mat ,sr; tho question would still remain: Can 1. as a business man. knowing ti.s truth of the facts which have stated. bind my self that will In any contingency open and operate the Pullman Car com pany's shops Ut whatever loss. If it should happen to be the oTinion Gf some third party that should do 10. The answer seems to be plain.
 "The public should not emit the real question which has been before it 10 be obscured. That question yves ns to the possibility of the creation and dura- t.sn If Q dictatorship witch would mn;e all the industries oi the United States .nd the daily con ',rt uf the millions d'I.chdent upon chem hostages ie' ths granting of any ia IT ,st:: xhn. @t sush Il diotatoi. Any submission 10 him would have been long step in that s'recfjcn and in the int.rsst 'f cvsry law-abiding citizen was nnt 10 be considered for a moment
 "A few words are pertinent as to some industriously spread charges against tho h., iu that rents are exorbitant and 1t Is i'm piled that the Pullman employees have no choice but to submit The answer Is simple The average of rentals at Pull man is at the rate of S3 per room per month, and, the renting of houses at Pullman has no relation 10 the work in the shops. Employees may. and very many do, own or rent their houses out side of the town; and the buildings and business places in the town are rented to employees or to others in competition with neighboring properties. In short, the renting business of the Pullman company is governed by the same con- ditions which govern any other large owners of real estate. except that the company itself does directly some things which in Chicago are assumed by the city. If, therefore, 1t is not ad- mitted that the rents of any landlord are to be fixed by arbitration and that those of the adjoining towns of Ken sington and Roseland should also be so fixed. 1t can hardly be asked that the Pullman company alony should aban- don the ordinary rules which govern persons in that relation.
 "As to charges fer water, the company until lately had contract with the vil- lage of Hyde Park under which 1t paid four cents per thousand gallons and pumped the water itsck. The gross amount paid the villays PCT month for the water consumed bySthe:tenants was almost exactly the Gross sum paid by, the tenants therefor. Since the inclu- sion ef HydePark and PullmAm,in the city of Chicago the company pays the city aboutsseven cents per thousand gallons; and not having increased the charge to the tepants, is paying.for the water consumed by. them about s5O0 per month more than is charged tothem.
 t'The company has made efforts to dissociate~ itself from the supplying of water to tenants, bur the city of Chi cAgo has as, yet failed to apply the ordi- nary frontage rates to the houses and shops in Pullman, although 1t is done in the adjacent towns Strenuous efforts have been made to create a prejudice against the Pullman company by the charges that it's stock Is heavily water ed.
 "The Pullman company was organ ized twenty-seven years ago with capital of $1,000,000. of which two thirds represented the appraised value of it's cars. then held by three owners. and one-third represented the appraised value of it's franchise and existing con tracts. The company has grown until the sleeping car service covers 125,O00 miles of railway. or about three-fourths of the railway system of the country, and that increase of services has neces- atated an increase of its capital frop time to time until it is now $30, ,000, 900. Every share of this increase has been ofrered'to to stockholders and sold to them or to others in the ordinary course of business at not less than par in cash, so that for every share of the increase the company has received $10O in cash There are over 4,000 stockholders of the of whom more than one-half are women and trustees of estates. and the average holding of each stockholder is now eighty-six shares, one-fifth of them holding less than six shares each"
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