St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-14

ness man. knowing The truth OF the
facts which l have stated, bind myself
that will in any contingency open aud
operate the Pullman car shops
AT WHATEVER LOSS,
If 1t should happen TO be the opinion of
some third party that should do so?
The answer seems to be plain. The
public should not permit the real ques-
ton which has been before it to be OBJ
scured. That question was as to the
possibility of the creation aud duration
of il dictatorship which could make all
the industries of the United States, and
the daily comfort of the millions depend
ent upon them, hostages for the granting
of any fantastic whlm of such die
tator. Amy submission to him would
have been long step in that direction,
and in the interest of every law-abiding
be considered for a moment. A few
words are pertinent as to some indus
triousiy spread charges against the
company. One Of these charges is that
rents are eXorbitant, and it is Implied
that the Pullman employees have no
choice but TO submit. The answer is
simple: The average rental Of tene.
mentS at Pullman Is al the rate of IS per
room per month, and the renting oi
houses at Pullman has no relation 10
the work in the shops Employees may,
and very many do, own or rent houses
outside of the town; and the buildings
and business places in the town are
RENTED To employees
or to Others i'll competition with neigh
bering properties. In short, the renting
business of the Pullman company is
governed by the same conditions which
govern any other large owner of real
estate. except that the company itself
does directly some things which in Chi
cago are assumed by the city. If.
therefore, il is not admitted that the
rents OF any landlord are to be fixed by
arbitration and that those of the adj oin-
ing towns of Kensing:on and RoSe!and
should also be so fixed, it can hardly be
asked that the Pullman company alone
should abandon the ordinary rules
which govern persons in that re lation.
As 10 charges tor water, the company
until lately had a contract with the
village of Hyde Park. under which it
paid four cents per thousand gallons
and pumped the water itself. The
gross amount paid the village per
month for the water consumed by the
tenants Was almost exactly the gross
SUN paid by the tenants therefor.
Since the inclusion OF Hyde Park and
Pullman within the city OF Chicago. the
company pays the city about seven cents
per thousand gallons, and not having
increased the charge TO the tenants, is
paying for the water consumed by them
about $500 per month more than is
charged to them. The company has
made repeated efforts to free itself from
the
SUPPLYING OF WATER
to tenants. but the city OF Chicago has
yet failed TO apply the ordinary frontage
rates 10 the houses and shops in Pull
man, although 1t is done in the adjacent
towns. Strenuous efforts nave also
been made TO create prejudice against
the Pullman company by CHARGES that
It's stock Is heavily watered. The Pull
man company was organized twenty
seven years ago, with capital or 81, 0U0,-
900, of which two-thlrdS represented the
appraised value OF its cars then held by
three owners, and Onethird represent
ed the appraised value of its franchises
and existing contracts. The company
has grown until Its sleeping car service
covers 125, 900 mics of railway system
OF the country, and this increase OF sery-
ice has necessitated the increase of its
capital from time to time until it is now
$50, 00O, OO0. Every share of this in
crease has been offered to stockholders
and sold to them or to others in
the ordinary course of business at
not less than par in cash. so
thai for every share of increase out
standing the company has received 500
in cash. There are over 1000 stockhold
ers in the company, of whom more than
onehalf are women and trustees of es-
tates, and the average holding of each
stOckhoder is now S6 shares. one-flfth
of them holding less than six shares
each"
President Pullman and Gen. Horace
Porter left the Pullman offices in the
Mills building at 1880 in the evening.
When asked as 10 his movements, Mr..
Pullman said:
My family is at Elberonn, and in
tended to go there tonight. but l am
too fatigued. L suall stay in town,
passing the night at the Union League
club. l cannot add a word to what l
have said i'll my statement.'