The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1905-08-14


etcs etc, there was decrease Of four (
hundred dollars per mile. or. thirteen
per cent. in 1904 as compared With
1896.
Taxes In The light Of the nssunp.
ton that evasion Of payment il the
common practice Of railroads afford
an interesting side glimpse. inasnuch
that the figures prove an increase ci
thirty-odd per cent. per mile paid in
1904 over those paid IN 1896. Taxes
have gone up TO a place among tbs
items OF million or more IN B ana
o. accounts Leaving them out. but
Including everything else. the aggre.
gate OF all charges In 1898 was nearly
Ave hundred dollars, or sixteen per
cent, less per mile than in 1896,
To administer system with in
creased bonded liabilities on decroas-
ed fixed charges. those irrepressibis
Nightmares TO every executive. Is the I
succeeding that spells success In mod
ern railway orthograrhy To. IN con
q y
junction, have. over and above an de-
mands Of bondholders shareholders (
and what not Of those who want al,
that Is coming 10 them. surplusags
of earnings warranting free swing In
both putting and keeping the property
in shape to do business. through the
acquisition OF requisites 1t has neves
before had Il conducive OF serenity.
in and about the general oiiices Of
the company. the like Of which tho
grizzliest Of the old timers cannot re-
call. 4 8
In financial banking and Invest
ment circles, where the situation Is
known from a.to-izzard the past laas
no Relationship With the present
Twenty to- twenty-five million cash Z
balances produce respect. and, las the
outside public learns. through bank.
ers and others. Of where there Is suck
abundance. even the shyest Of thosc
who, when the storm broke, ran intc
their holes and pulled them pflez
are letting their hearts cookies warm
again toward the old company. CON
vinced. almost In spite Of themselves
that the clouds have all rolled 6x-
That the 3. and o. is truly on the
sunny side OF Easy street.
Further proof OF IT, were such nee
essary, Is to be found In the fnir1
Of the results OF operation for the y1,ar (.
closing with June and Just nnnouncel
Gross earnings from traflc In excess
OF sixty-seven and half millions. too
and a hall millions greater tilan 1re<
before In the company's history: the
net earnings reaching twenty-threo
millions. General income account WIN
for the FIRST time total beyond seven
ty millions. #
Optimistic, very. Will this story. "a
II bears on the present and .ffturn. b.
regarded. Properly. too, Tor 10 Il IL .
And why shouldn't 1t be? Nothinx
has been related that Is not snsceplf
BILE to notification. and. this conceded.
where could there be produced a nine
year chronicle. as d whole. more rea1
sonably provocative Of optimism than
this onel Remark. likewise, made 10
the purport Of Its being somewhat
personal. has, also, the applicable re-
joinder that Il is record in which
man has had the part meritins lis
Acknowledgements It the ancieai Of
days enduring obelisls were comnen
oratiyely erected, during the lifetime
OF the so honored Why not these
modern days pay the tribute ''vsh
done. at least ephemerally. as, in this
form, 1t must Of necessity be. The
Rip Van winkie-ism was We den se
soon forget ever remains answered
in the Affirmative.
MANDEL sENER.
Press agent. b. and o. r. r.