New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-30
TRUMBULL ON RAILROADS.
Thinks Situation Is ErcelIent and
That Problems VIII BE SoIued.

FRANK Trumbull president Of the Colorado &
Southern Railway is in this city and not in Den
yer, ne did not say the things he was quoted as
saying In dispatch sent from that city on Thurs
Gay night and printed in The Tribune yesterday.
Mr. Irumbun has not been in Denver recently, and
ne says that what he represented saying is
alton.
MT IrumbuH represented as having said
tn"t the country not SO prosperous as 1t was
year ago. and that railroads were earning less
money and were beginning to retrench in order that
substantial dividtnds might be paid in June.
instead Of entertaining any such notions. Mr..
AIuulouii IS optimistic about railroad securities
Feaehlns more stable basis than ever before.
"lthout going back very far said Mr.. TrUmbul
yesterday we have seen in this country a green
BACK craze, a silver craze and now we seem to
AS'0 sort Of railroad We lived through
tHs o'ner attacks of measles and mumps, and I'M
oouotedly We will get through this one.
certainly railroad men have enough problems to
so'Ve' nut good men behind them. and there
are lot OF honest hard working railroad officials
DOING their best to solve all new problems.
me paroxysms in general business and in the
STOCK market which formerly resulted from rate
wars and railroad strikes seem to be a thing OF
me past Right at this time all the business in the
f TTs'' from Chicago to the Pacific Ocean. and
rom canada 70 the Gulf of Mexico is concerned
railroad ofSnf Ioh OF wages OF tralnInen But the
aDd - fOlicdIS nave Onered 10 go to arbltratiOns
atu IL IS not believed that the trainmen or any
CeItalniy a great deal has been accomplished.
81 o4is the blessings that can be enumerated are
60 81 VGctHS away with rebates, the abolishing OF
Interstate passes except to railroad officials.
1IPO5 8 ana their families. and the fact that now
Is no more retaliatOry railroad construction
1AccoTdlng 10 this mornings papers. the United
tateS now has about S3O00,0OO people, and before
Lons Will nave 100000 That is a good deal OF
country LOT the production OF business that must
De taken care Of 1t Is next to impossible TO
Pule year ahead just how many locomotives and
HoW many freight Of each type will be
CURED 70 move all the business of a maximum
week. The Colorado & Southern is trying to do
us part. and in doing this has contracted for
aoouC S4o0O,Gt0 worth Of equipment to be de-
IiVered this year: and, besides this, we have
thorized improvements to cost about 81, 100000"
Mr. IrumbuH believes that every man at the
head or a railway corporation who Is receiving a
salary for looking after its affairs should be
only one side Of every transaction in which the
corporation may be concerned. and should
slder himself trustee for all the interests COM
mttted to his charge.
Il believe" said Mr.. TTumbull, that a solution
or all problems ultimately be found in the
application Of honest methods. good service and
courteous attention TO the public afraid
Guiding the issue Of future securities. Everything
ties viii help the railroads themselves. and that
travelling and shipping public. You cannot help
one partner without helping the other nor can
you hurt the one without injurtng the other