The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-26
AS TO INJUNCTION,
What the Commission Proposes in Case
Il Is Necessary.
STATEMENT MADE BY JUDGE REAGAN.
Doesn't Believe Any Injunction Of the Cot.
ton Safe win Be Granted.
AVERY LARGE INCREASE IN NET EARNINGS
that the Rate Made Would Cut
Down EARNINGS to u Loss.

N"sVtn, ieNaSi oVVovet ap,-Hph' iohn
II. Reagan, chairman OF Nse railroai COM
mission, rave ont the foi,ow,ng statement
~. ,,.na,, ,,.,,,, ,..,., \, . 49,.
- WY 80
commission VIII pursue III ease the rail-
roads make an attempt to have the courts
~ rain it f,x,tn enforcing Sts nav, ,,,tton
,s,
Are she rsiis'Snis going 10 cnioin The
commission rates ~
.,yns W., 60, s,,,,o ~, ,.,,,s.,a,>.,. ,h.,,
''N" Wv nN"7'"p''s wv
'"V f"iN"Ns Hc S"i" =" "e P'Vp"ii"S '"
cnJoim TIE freight, rates, or some Of thoin,
PROMULGATED by this commissioner"
an. -, ,..,, .D,. a. .
Wv ~
luiiy
Possibly on an ex rNrte statement they
may .htain a writ of snh,n,tion hut ~ m,
-, -, =, -, a.. -.
'0"' i"NRs '"''" "o "o"'" y" '"o "i'A'"e
OF arc Application, surely no court wouid
enloin our rauS
,.,vhv do VA, os, ,h,s 80
ca,
fo' INV ioIioWiue IeasouS' Inc h~t Yarn
ings from operation OF the Texas railroads
for tho wear ending June 30. 1926. wero
e. Of, k,s "a a., ~ go. ,n,,s,r ,,ro On
+ 49, 800 ~
is'', the not earnings We're Ss'iue 2ss'oo
being an increase OF $S9t1it.l2 over the
preceding year, For the year ending june
30. 1898. we havc tho monthly reports for
the entire yar ENDING June 80 1897, OF
| So. o52, 1857 10. The same roads for the year
ending June 30, lsgs. had net earnings
amounting TO $i05SS, 2g0, II. allowing an
| increase OF 81, SAG. t02 o. over the year end
ing june 80 1897. Taking the year end
| ing June 30, 1896 az a basis. the increase of
| not eSrn.ngs for ike two succeeding years
H. 49,. tsas .i.s
| far as cam be determined at the pr, sent
time. The foregoing statement Is derived
| from the reports undcr oath of the OH
| GERS OF the rairoah companies.
| "If fihe purpose is to enjoin our proposed
rate ON cotton which Will he effective on
the "a of next month we have TO say riat
our PROPOSED new rite for any INSTANCE over
| 1866 milea MIN be 30 cents per 100 pounds,
| 10 which IA 40 be added cents per 100
| pounds, the diff,rential rnte between Hous-
| ion and Galveston. So th4t our maximum
| rate from common point territory TO tide
| water win be so cents per 100 pounds, maxi
| ing Sc. so for 900 poun5 balo of unoom-
| prestsed cotton. The standard rate In tho
! State of Georgia for l65 miles 10
| 9a cemts nor 100 pounds, and the rate
| in North Carolina Is the same as In Geor-
| gla, in each case being q cents thc 100
| pounds lower than our present rate on flat
| cotton for the same distance.
| Besides the fact of the great increase IN
| che net earnings OF the Texas railroads
,auring the last Two years. and tire bigher
rate of freight on cotton IN uuIs State than
| in the other States. we are To have a much
larger crop and shipment OF cotton this
year thAn In either OF tho last Two years
1.-The r,reeniage of net earnings of TEXTS
railroads to their Valuation by the railroad
commission OF Texas for the year ending
| June 30 1896 was 3 07 per cent for phe
| year ending June 30, 1897. N was Z 50 per
cont and for the year ending June 80, 1893
with returns from the railroads nearly but
| not quite complete It was Z 40 per cent.
| ,These figures Justify the commission ia