The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-17
RAILROADS AND TIN PLATE.
NJ. \. INGALLS, FAVORS POOLING AND
OPPOSES FREE PASSES.
He Tells the Industrial Commission That
tho capitalization of Railroads Is Low
Tin Plate Men Testify That Com bin alton
StronalH Tenhs Tn Hiring In,rnr prirns

He Tells tho Industrial Commission That
tho capitalization of Railroads Is Low
Tin Plate Men Testify That Combin ation
Strongly Tends to Bring Lower Prices.
WASHINGTON Oct 10. Testimony by Prcsi-
dent NJ L. Ingalls, Of the Chesapeake and Ohio
Railroad occupied the Industrial Commission
this morning Mir Ingalls, said that under the
supervision of the Interstate Commerce Commits
sion railroads could pool their intcrests to the
decided advantage of both companies and their
patrons lie also expressed himself unc.
quivocally opposed 10 passes as favorable to a
system Of profit sharing based on the salaries
PAID u railroad employees, and ms quite willing
TO have subordinatcs not in places Of confidence
10 organize as they saw nt
railroads have been unlike other corporations,
sail AR. Ingalls,, in that while subject to cgisla
i've restriction they have not had the legislative
privileges granted other corporations, sucn as
unl'ing forces with other enterprises or making
agreements WIN other concerns similarly engaged.
III Uc Interstate Commerce Commission were TO
establish certain fixed rates for competing lines
the witness could not see the danger in permitting
th0se lines TO enter into any agreements which
seemed wise Violations of the Interstate Com
could be rendered less frequent than now by
making The offence punishable by fine not as a
felony, Agreements Of this sort il made al all
would be made Tor purposes Of gain, and the rail
roads would hesitate to add 10 their expense
account large fines imposed for violation Of the
pad not only for the customers Of railroads but
for the roads themselves
MI ingalls, said he was against a blackisung
system OF any sort Suits for damages are not
nearly 30 frequent or expensive as they were
ten en- Of twenty years ago. he thought
he men on the CheSd pcake and Ohio had united
for the maintenance Of n road hospital with inn
menso advantage 10 themselves. the hospital
buildings having been provided by the company.
on railroad stocks of uncertain market value.
He would like 10 have his employees feel that
feH fs Pssses n Sad praH eG
great injury 10, every one concerned with rail
roads but the evil is not now so marked as it was
several years back. II such law would be tcas,
ible, he would like 10 have all passes prohibited
BY Legislative, act Personally he had great
and would compel all roads to open the books
for examination by its officers Such publicity,
he thought, would benefit the railroads Most
capitalized at only one half or two-thirds Of the.r
cost. In the last Ave years he had observed
decided wiping out 81 railroad securities.
Tlnplate held the attention OF the Commits
sion in the afternoon. Vce-Presidept ,Wllliam
); GtHham and drI Treasurer F. 5, Whseeisr
pany being heard. Mr.. Graham hie TOOK took
the position that the tinplnlc industry in this
tariff and that il the present pronbitive duty
should be removed tho industry could not pos
siSly live The American Tin Plat. COMPANY is
Snd was ncorporSsd anisT the the E laws o
Of S5O0OO.OOO. stock being issued TO
the amount OF $4O.0Q0,O0u. On $4,000
600 OF this stock annual dvilendR are paid of
Z per cent. The. remaining S2sOOO.OOO OF
the issue represents the goodwill Of the enter
prise. Since tho organization OF tho company
tinpIato has ad yanoed in price from S275 to
- 10 a box. and wages have been raised from
10 to 20 percent
An effort was made by memb ers Of the COM
mission to elicit information concerning the
manuiaoture of machinery for tinpste mills.
but without much success. The witness said
he knew nothing OF that part OF the business.
Five or six mills. continued Mr.. Graham.
constitute the entire opposition to tho
American Company. Tho product OF these
factories and 4 small amount OF tin imported
each year make up tina only supply avail
able to the American consumer except
that which. comes from tho mills OF tho
American Company. This means. ho said.
that the cost OF producing the tin plate
consumed in this country has been
much reduced and will continue
to be much less than II could ever be without
union OF forces, Many OF tho mpoyees. who
number all told about %. 600 mon, have come
to America from Wales and are now well
esta bshed here.
Mr.. Wheeler covered practically the same
ground.