The Montgomery advertiser., 1902-11-23

About 75 GOO new freight cars are az ded annually to the equipment oI @ uhe s.a- roads of the United States. At lne P Pro sent time about 50O,O00 freight cars csnn dh sl in rse earning for the companies Sooo each every year The increased freignt earu i,ii, ings this year as compared Wltn .aso hont he approximately 6O0OO,00, equal to dVu ,tou
 per cent on the aggrregaste rs ef shds th,s amount will he saved; that Is to say. h VII ue available for distribution to stockho,uSs.s Sas and in payment of interest on ponuto n to indebtedness. The remalnoer VIII e
 defray operating expenses. ro,1-
 The president of one of the great raL road systems made statement III .s ot course of an interview. whicn was po., a
 explanatory and interestih,s' , raiIroad de veIopment which has ben overlookSeu ps the general public. He saio: sum- ooiIle, thing which is not commonly un1ers1oVo unS to
 is the fact that railroads are oons this snand enormous sums of money al tls lime in enlarging their terminal iaclities in the important cities. Accomnoua'iolies es
 which were ample five ana ten yealss &S aSSe
 are now totally inadequate 10 nlee. .' elle
 growing requirements of transporta'Io,ni ,i
 It is continually necessary to buy aodl-
 tional ground, put in more trdchs III
 freight yards. build new warenouses aan a,u
 improye the methods of handing tranic:
 To do this requires great outldE VI
 money. and to raise the money there
 must he additional issues of bonds ana
 stock. There Is nothing in this or stock
 watering and there is no waste nor extra
 vagance or misapphcatlon oI luI1s Ti.srn ~, Soi-
 yiding for the Improvements; Every ool,
 lar performs it's mission honestly ana
 faithfully, and there is something to snow
 for it. The increased capltanzatlon apou'
 which critics are in the haDlt oI eP." n
 ing simply represents new investment In the business and is absolutely necessary to accommodate the increase in popuiatlon and extension of business to accommouate the increase in population ana eNtenslon Srsnra
 of business in every direction mere
 will have to be more of this sort or thlng and railroad homogeneous arc prepared to meet the requirements. The extehs
 to which capital is needed TOT enIaLse" terminal facilities cannot be compfehenu-
 ed by the mass of the people because they
 are unfamiliar with conditions. They oo not comprehend the growth of the country
 nor the increase of wealth: ,.. oro " The railroads in the United states are
 unouestionably better and more intell-
 gently managed now than ever Deiore.
 Greater care Is exercised in the conoucl
 of the business, leaks are stopped eeoilo- 1
 mics introduced in operation ana aumin-
 istration improvements In serVice IT.
 augurated and the interests Of botn the
 public and the stockholders conserVeu III
 every possible way. one reason TOT ,,,nrs enrs
 ties are coming into more direct manage,
 ment and are becoming better educateu to the real points of the business.
 Mir Morgan Is paying the penalty or yreatness hy having his footsteps dogged
 day and night by detectives employed by various interests who have deep concern err over the state of his health. Ills lire is insured in the British Lloyds for enor- nous sums as hedges against slumps which might occur in the event or ms death This fact creates the need TOT m stantapeous knowledge of any mishaps or illness which might befan the financier. | Mir. Morgan has become weary Of this eternal espionage and the authorities are are | dojng the best they can to afford him
 reIieS If is a curious situation and Wall Street rather enjoys H.