The daily silver state. [volume] (Winnemucca, Nev.) 1903-1907, 1905-10-07
A LAME

A LAME ARGUMENT.
The following is the pink news mat
ter" sent to this paper by Charles S.
Fee. passenger traffic manager for the
Southern Pacific Co., of which mention
il made in correspondence published
in today Silver State:
A significant sign of the times is the
large investment of the funds of edu-
catlonaI establishments in the Uniseu'
States IN railroad securities. Seventy
four univel sites, colleges and secoAd
airy schools are found 10 possess railroad
stocks ana bonds These .nvesemene-
amount to s50,0v0,V00 in round figures.
ANY cause hat Shall tend TO lmpalr
their stability contalns a menace to The
future education of thousands of young
men and women in the United States,
whose energy and intelligence promise
much for the general good.
Rail- DAD securities are based upon the
prosperity of the country for their earn
ings. Cooperation be.ween The carr ers
and the indust lies of the land are es-
sentlal TO prosperity. A common un-
derstandlng has been attained, based
upon intelligent study and Familiarity
with mu. hilarious local needs, by rea
SON of which the producers OF me
United States, a.aed by the railroads.,
successfully hold their own home mar
kets and are abe to reach out 10 for
eign lands as exporters. The immense
aggregate of the domestic and foreign
business of the United States has prom
ised the continued prosperity of the car
riers, and their railroad policies nave
given certainty to shippers that they
can lay goods down in Their markets at
2 margin of profit that shall warrant
their great and augmenting investments
in permanent plants.
Earnest men, who are at the head o.
the financial management of the edu-
cational institutions of the United
States. nave accepted the judgment OF
the business men of the country. Many
millions of dollars have backed this
judgment, and nave been expended in
the estab ishment of manufactor. es.
mercantile houses, n the opening up OF
large tracts OF land for agricultural use
and in other ways. Any interference
with the p ans upon which the con. n
ued free movement of freights. at rates
best adapted TO their movement, is
based, threatens the earning capacity of
all industries. In this danger the car
riers must share. as they are accessory
in the marketing of products.
Eminent educators IN the United
States perceive that a large part of the
endowments of universities, colleges and
schools is dependent for earning capac-
ity upon stabi ity in business conditions.
Their attention is centered now upon
a proposition to take from the producers
and the carriers the power to fix
freight rates that are mutual y s~atisfac
tory and to confide to the members of
the Interstate Commerce Commission
discretion to make rates at their OPP
ton, on complaint, that may subvert
and destroy business arrangements that
have proven satisfactory, in a large
way.
The educators of the United States
are an influential body. To them is
confded the proper training of the
youth of the land More han any 9TH
ers they realize the value that higher
education ~confers. for the results are
under their daily observation. The bril-
liant careers of men and women who
nave been graduated are traceable to
that systematic study and broad Gull
ture that ample means and certain in
come of the colleges. universities and
schools have brought within the com
mon reach of studious and energetic
young people. Thousands of alumni,
in all portions of the United States,
are equally interested in having main
tanned the value of railroad securities
that form so large a share of American
educational endowments, and so large
an insurance Of the p~erpetuity. unim-
paired, of ample educational opportuni-
ties for the youth OF the land.
The Silver State would ask in all
fairness what matters IL $50 900, 900 Is in
vested by the colleges of the United
States in railroad securities IL those So
curities are mad more valuable by rea