Durango semi-weekly herald., 1901-12-30

and when the running expenses are
deducted, he contends. enough will
still be left to pay the interest on the
nine millions In bonds, the sale OF
which Is to be the scompany's chief
hope in getting launched, and also an
enticing dividend on the nine million
dollars worth Of stock which an ca
ger public Is to be permitted to alb
sorb at reduced rates.
q WASHINGTON. Dec 23-An In.
crease this year of $35.s77. .21s in the
net earnings of railroads operating
1928 miles of line is shown in the
preliminary report of the interstate
commerce commission covering the
period up to June 80 last. The total
of net earnings was $555. .OO7, 1924.
Gross income was 1.5s7.164, ,205.
against s14s7. .o44.sl4 last year OF
the earnings this year S1,114.74O, ITO
was from freight, and $426. .909, ,21O
from passenger trafiic Dividends de-
clared amounted to 1921, ,l0S.637, an
increase of $4,000, 900 over last year.
LONDON, Dec. 27.-Faster evan
than the trains between Philadelphia
and Atlantic City. N. J., is that which
1t is intended to maintain on the pro.
posed electric railroad from London
to Brighton. powers to construct
which will be applied for next season
In parliament. The road will be At
miles long, and the trains are to COW
er the distance in 80 minutes,
1t is proposed to run a Commute
service each way from 8 O'Clock In the
morning until midnight. The Lon.
don terminus will be at Lupus street,
Westminster and the trains. on leav-
ing the station. will cross the river
Thames by an iron bridge and pro-
coed on trestleway to Beddlngton
There the road runs through .un-
mel for part of the nine miles to Red
Hill. The rest of the way is priaci-
pallv in the open to Brighton. The
carriages are to be made of the Pull
man type.
BERLIN, Dec. 27.-Germany's
widespread industrial depression and
Its influence upon the labor market
which Is increasing with the advance
OF winter. are leading themes of dis.
cussion in Berlin. Compared with
them, every other topic is OF second
arv nature.
The new tariff bill derives It's i'm
mediate Importance from Its bearings
upon the industrial problem. Ger
man opinion assigns to the uncertain
~ as to this measure large share Of
the universal prostration.
There is no doubt" saws the
Post that It will be verv difiicult.
on the basis of the tariff outlined in
the reichstag. to conclude commercial
treaties with some of the countries
which have been Germany's chief GUS
TONER'S"
On the other hand. bad harvest
has accentuated the demands of the
agrarians, who insist upon increased
protection for food stufis. Some very
pessimistic estimates of the grain
production of the country have Just
been published, according to which
Germany would have to import some
thing like 100000 tons of wheat and
100000 tons of rye for the ensuing
year. These figures may be and no
doubt are too large; but there has
been great deficit in cereals and
matters will be very much harder
for the poor If the agrarians receive
the protection they demand.
1t is now estimated that there are
$4,000 unmployed persons In Berlin
alone.
Various more or less heroic meas
ures are proposed to meet the crisis,
for crisis it is. Large socialist gath
erings have been demadning the es-
tablishment of chamber of labor and
an imperial labor office. The presi-
dent of the union of German labor bu-
reaus proposes that work should no
longer be given to foreigners. Large
numbers of Russian, Italian and of
Croatian navvies have been employ
ed on public works, doubtless because
they would work cheaper. Now that
they cease to serve German ends they
are singled out for treatment of ex-
ceptional severity.
There was a large migration of
workmen from east to west within
active; but the tide is now running
the other way, and people are return
Ing in large numbers to their old
homes. No likelihood exists, howev-
er. that they will find work any more
plentiful there, for the depression is
as wide as the country.
Several able writer's candidly say
that one great cause of the evil is to
be found In those very banking and
financial arrangements upon which
the Germans have been pluming them
selves as more modern than those of
England and more scientific than the
system of the United States. It Is
now apparent that some of these pro-
duce larger fluctuations than are con.
sldered necessary by American or by
British financiers.
Still another cause OF depression Ia
found in the exploitation of Russia by
German capital. This was a fasci.
mating enterprise, but very large
amount of German capital has been
sunk in that country which the own.
ers would be glad to have In their