New-York tribune., 1907-09-17
"R.R. OUTLOOK GLOOMY"
JOLINE BL4MES PUBLIC.
"Kafy'S" President Crhcises Acts
Of State Legislatures.

President Adrian II. Joiine Of the Missouri. Kan
sss & Texas Railway Company discusses N MS
annual report 10 the stockholders the general sub
5ect Of the public attitude toward the railroads
nd the effect or the roads Of the requirements
made cf them by state legislatures. He says in
part
In spite Of the increasing gross earnings and the
bright outlook for continued IToSpeTlSa tle t
ca fsciig1ies deq5ate to handle all the traffic Of
1-re5 for shpment and in endeaTor 10 meet
She requirements tracks and terminals become con-
ts 6sy. = ;T,-airei. ilsen are oyeTyoTkod and
other evils ensue tending TO make transI9Itati
55frIrult costly for the TalI-
roads, as vel as unsatisfactory 10 me puble-
Tle remedy COR these evils lies in enlargng IA
Ciucs and Increasing equipment oS''; Si Sliic -
say the public - NitSlly lere1Sa S IN t of
g,ays - ~, man, forms Of oppressive
and restrictive legislation as almost entirely 10
astIoE me .fsi al, Tor i,9DroTSiients IS concerned
NJ ~ 55ces;,I for lie 51-erage railroad com
Ia-y make extensive beitern1ents from rs cur,
rent earnings. in view Of the tremendous increase
in the cost of labor. material and supplies. ,
The policy of increasing the burdens upon TalI-
vays and At the same time diminishing 1HeIr earn
i-C power neither just nor req sonable from any
necessarily inflated 10 Slch an extent as 70 80
little OF no balance after the payment OF hNeo
charges ana constantly increasing 'NeSs demand
nnrossiBiITies ana require reduction Of rates al
i1.zns the fact that they are dep-iving the rail-
sssarv for The safe. economical and eTpeqitious
movement OF traffic They call Tor expenditures
v- refusing let the railroads earn Ftle iil'-lz
70 meet them. The people Of this country are TO-
hostile 10 railroads. IL is the greed and aIltli2 %.
politicians which responsible Tor ile t"J~9N
re0l. --ernents imposed upon US
The lawmakers have been aided IN their ASA IL
ty tre labor unions. The generous increase IN %.
and the shortening OF the hours 81 laoof A-. no.
lper productive Of increased efficiency A ~iit oL
f,lrasf discomfort and almost of lus9ho! diit-
has re-neated the ranks in nearly ali the oIdl-tes
ri he railway service all the country, ana
5fact-v solution principally because II tne sCacl
- oF labor especially Of the experienced t1uE
~7fr-irad for safe and efficient operation Nl
roads i : A source Of qualification 70 Know ltat
-7sesa troubles less serious Win your toiIlpo3
1hau with others --. A.
F9a51yva- managers have good reason to TIetV the
<r.r-rra without optimism. and they Ieel SSNllSS
> - their ability maintain the present SlitlluaId
Of e<7c5a-Cv 0r 70 produce net returns as iaIAe -
those Of former years. Statistics snow 'iai Nilie
50 far il 77 Their has been SUBSTANTIAL
II rhe gross earnings OF railroads aS q Nitpe- lte
1a- earnings have not gained propoI l-tla'eil
n1psful SlGIts 81 2 SToNll.S IL iIa 1io4
IN rIle mind OF the public and Of public oticals OF
-Tr rTe attitude Of the railroads. evidenced by
more conservative tone IN tre recent uttefaces oI
80 mess and Of representatives OF the government
-o haze hstherto proclaimed radical opinions upon
rhs subject their modified views oeing the result
.folHress the extraordinary depreciation IN the
value O. securities and the consequent uIleSll'Ss
ra--acfE Tire future prosperity OF our country It-
srt7nc from the indisCTlrnlnate agitation agalnsL
-z~oa5s and the foolish attacks upon corporations
general.