New-York tribune., 1907-10-15
THE SOUTHERN'S YEAR.
uore, Facilities Crying Need, Says
President Finley.

fn.o, be account Of the Southern Railway
IL In r 4 the fiscal year ended June 80 1877,
Soli te,5ed yesterday, and with it the remarks or
..5snt ~ Fin ley. which viii be part of the full
f''+,,+ re1,o:s,. The statement shows an increase
little over coo in gross earnings for the
o. ,d a dec 'ease Of nearly s. $4,000 IN net.
FeN- ercn, tb,g heavy Increase in operating ex-
s1-- SUI Presiaent Finley says Of the causes for the
lp-s-.ssed operat hg expenses:
rho conditions IF operation during the last year
lhe ,>zlv exrrao. sdinaTy. The investment of new
- lsifaS in the con siructon Of double track, addi-
ee.-si wards and eN lines has increased the fixed
ceS S,ng for tie nC F1ent an immediate correspond
see1ItHrSft relief which can come only with the
hE hEooietiou Of the LseW work. Il is more appar-
cc!4y.srv dav that this benefit VIII more than
e1 Tset such increased fixed charge when the new
eAssties are put operation, they will be
taciliil'e15 AIMING t1e eur rent year.
aTgf.r aTr IS are the items upon the operation of a
SS.rlad today by son of the increased cost Of
Ia.risl If aIl classes and the unabating eXpecta-
Aa ~ labor on the tae hand. and legislative re-
aoas ~ Cf revenue ard increased taxes on the
p stngI i more track, m1ve equipment, more terni-
81 tscjities With the strategic position and es-
99@5,i-1ei -, relations which the Southern Railway
oo1' oTt Of traffic it cou Ii obtain ana profitabiy
5ia II II had the faCi fties necessary 10 afford
m t5osa who Ctfer traffic the service they demand
% 2jn the last winter III ere were serious conges-
,1ns Of freight the lines OF this company, which
T-ere due almost without reception, to the failure
~ the plant 70 respond +, demands which were
inaae = f-or1 cogestton Of trafc the expenses OF
o6erstion Of which mention has been made have
haen extraordinary
President Finley also refers at some length to the
gzrh OF diversified ;ndustr-r in the South. par
,;.risrlv along the lines OF Tx Southern Railway
srsera The South. he points O st, now meIts more
han one-haIf the pig iron and converts into cloth
ens garments more than one-iftf d the cotton which
!, PRODUCES. Its phosphate bedk have formed the
ros's for tie manufacture Of numerical fertilizer
on such scale 10 make the South independent
~ outside sources Of supply and 10 add greatly TO
her agricultural produCtiveness. The manufacture
of furniture has grown 10 such proportions as are
M. exceeded in any other like section of the coun-
~ yet without decrease in the vblume Of lumber
art rom the South other markets. OF this coun-
nv and abroad. The production o. coal has with
l,I,Heulty kept pace with the development of in
.frstrv not because OF inadequate supply. but be-
.spse Of restricted transportation facilities"
Concerning the relations OF the Southern Railway
rorppspv with Tie public Mr. Finley says:
n all the dealings Of the company" with the pub
liz = < the purpose Of the agement TO cultivate
sririt Of Cooperation deal jus dy with all the
rafrons OF the company the basis Of sound bust
yss and economic principles, and 20 this end par
f.rularv special efforts have been made 10 bring
shaut courteous and cons Gerate treatment by all
enpIoyes of every person transacunS business
With The COMPANY These endeGVOTS nave not been
frutiass.