The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-06-26
COOPERATION is NEEDED
Concluded from First Page.)

trument to enforce the agreement
hat tie railroad ana the people shall
make between themselves.
10 nor believe that railroads
should enieg into politics, and | look
confidently for the time when the rail.
roads will not be forced to 60 to a
state or federal capital to save them
lselyes from dangerous legislation.
That he time will come when the
| people and the railroads bring to the
| settlement of their differences the
same common sense that they bring
10 The settlement Of their private dis
agreements.
Employees and Investors Associated
The one and one-half million EN-
ployes OF the railroads and the stock.
holders are closely associated and
their interests are identical. You can
mot iniure one without affecting the
other. There is total stock issue on
railroads Of about $G650, 100000, of
which amount about $4150. 000, 900 lis
diyidend-paying stock. and $500, 900
II non-diyidend paying stock The
stot l1holders receive annually about |
100000 900 as dividends, which Is
ms PEE cent on The total dividend |
paving stock and but 3,G per cent on |
the total stock issue Of the railroads |
while the employees receive annually /
il monthly installments, sS40,00000O,
Which is equal 10 a dividend of 1876 |
per cent on the total railroad stock
capitalization of $6,659,000. 900
An emDoye earning 5000 on rail
road Is receiving an income equal to
) per cent on $4,000, and has as
stake in the property equal TO an in
vestment Of that amount in per
cent securities, An employee who
earns $f,50o per annum has an in
come equal 10 an income from $4,000
Of per cent bonds or stock and so
on through the list of railroad en- T
ployes.
The railroad employees are an in
elligent class of citizens, and as the
'ailroad question, now being so yigor $
1nsly discussed by the legislatures !
nd the people. is campaign of edu- @
which is the only true metnod q
i solving a problem with fairness to y
II interes sci believe the voice Of Q
he employees individually and !
afoueh theie organizations, will be !
teadily heard against unjust laws, n
K laws that will unjustly iniure their
~ a. rss4J hg
clopment of the country. which d
leans constant and increased employ Il
cent o a greater number of men and
hich furnishes safer tracks and in II
in handling the pas OF
4ngeis and the commerce of the &c
luntgy. IA
IN point of fact the thing that the al
1ippers and the people of this coun- II
y now desire is not so much reduc
on of rates as it is better service dc
he people have a right to insist that We
eir service shall be constantly i'm al
owed | do not believe that the rail
al managers of the country will re. co
Sc to treat with the people. through y
cir representatives in congres s. Ia
,enly and fairly on the question of ab
w the best result may be brought WI
,out. nor hesitate to endorse legis- co
i've policy that promises better con lef
lions
RAILROAD managers will not stand Of
, way of just legislation merely me
caus such legislation might have ito
adverse effect on railroad securi- spi
in the market We all recognize me
& he true function of Wall street fee
e. supreme impo.tanee to every hui
,tion of the United States. With 10
It's agency we can neither build gal
end nor improve our great rail fro
ID properties 10 any large extent. The
Fine leading financial interests. I'm has
" York and other money centers, fro
coming 10 realize that the only ,
q basis Of public confidence in us for
our securities must be found in pre-
ser and more cordial relationship he
ween the people and The railroads 4
! that the strong arm Of the gov yes