The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-06-17

Nothing seems to me more i'm
portant at the present time. nothing
has so much 10 do with our national
prosperity in the immediate future as
10 provide with the least possible de-
lay very great increase in Our trans
p0rtatlOn facilities.
The needs Of the country in this
regard are growing with astonishing
rapIdIty. They have outgrown the car
rylng capacity of our railroads.
An immense amouHtof fresh CAPT
tai must be invested IN railway inn
proyementS IN order that our internal
commerce may develop and our pros
perity abide Chairman Knapp.
An era Of good feeling between the
railroads and the public with a conse-
quent benefcent effect upon the material
welfare OF the United States. is predicted
by Martin A. Knapp. chairman Of the
Interstate Commerce Commission
Mr.. Knapp is regarded by many people
as the commissioners most conservative
member. I'm an interview YESTERDAY he
expressed the belief that present railroad
conditions would improve, and that I'm
HIS oninio, a., .b-,-d,n.a - -,
vropl5 ho 80 e.. - -op',a,
avtersions 90 ,,..-.,....' .',. ~ ''.''s '''sl.'
,i,s .~-,-..-.,,.. -
try
lie 5oor,-,, ,t... ,- ar g.. .,
read the SIGNS Of the times Alright. rail-
sunnort f,s,e,5 NJ o-,,,l...,,- -, .--.-,.,
srs5 -,.,.,.-,, - -
r.5..,
avn VI 09H'Io' Oh COIL
i'ei1 1e Dsi "eeH lAe STATES
chairman hnapp asserted that for many
years there had been a marked tendency
toward higher ideals in the conduct and
management of rsirroad rrorortf.- =. .t,s,
country Tho som. -.
-,.--,,- saiI'
'' S'7's SPleIe ol Dusl-
'''1SS alli'i'y'
Quiekeniag of Public Conscience.
When men say there has baar ,.o Inn
provelnent. when tbAv ss,. ,l,o, .t.,---- -.
po,rr f-,~, t,..4 -, -.
indicate 20 rnv mind o. ,,,.,,l,.....s -.',,r,-
conscience which now condemns sbarrl,,
nat was not long ago accented vltb
tolerance. if not approval For examnlA
the imitation OF the Chicago and Alton
recertlv brought IN rrbll, ,,.,oa -
provoked extreme Indignation In every
quarter. But so far from bainp an
Isolated or unique performance IL would
be easy TO find numerous orars,,o-s oe
about the same pari7d af time much ,,,ors
fragrant and inexcusabla
L wish to emphasize the mint Tho,
the average man to-day recognizes as
never before the delinquency OF many
l-a,lSsc'lohs W"cn, not So long ago were
- - 'l'.l ,'s d'HsT pTalseWorJny con-
~ BUSINESS enterprise Apply
H.,.., .9 80 els1-aH! % rallroad man
- li-iN s's"I e.couI asement IN
- IN -','I tH.I ra'iIoaa managers
--..-.9.. ''," lo" NV5l7s' almost without
-t,,L-,.. I'm .-a'e no" come 20 accept with
- '"' I'VE Hs FIlhlipie ana
"a iV.e.a al reputation Not only
=. ,-s' '.csp' u lh d spirit OF obedience
,.l.' ~ .ol more sisl-i''cahtiy' as think,
''1'U7' l-'sA lsNusiile thaJ IL IS right
Legislation Will BE Conservative.
Chairman Enann boliares ,l,s-, mill ~,
sYrDlar,a,.sl r,j1-,,,4 r.-t-,-.,...
o.il 49, =. --.-, '- d.
'Pp' Oh v' la4'Ioao men
7S wei aS tNe PUBIC On this point he
SAID.
In my judgment no legislation IS
likely to be enacted, or even seriously
eoISloereo' W.lch Is at all likely to ques-
uoh the FailHl'y or impair in any way
lhe Vaiue OF existing securities. nor do
/ l believe there will be any legislation
which would increase the difficulty OF
/ borrowing money for railroad innro,s.
ments and extensions % -,,s,,,,,,,, -
% So. -. - '''9
"o ''i'l 'al' elller-
se"-LsS are prov iued lor oy borrowing
oH sil'i ,.li.e notes, Ihe money needed
.oi Ii,ii,ieUla'e eApei'ui Gres must be OBJ
y,'.,'eL .tle', ~ 1i'I SoIe ol ouIua ana STOCK.
'i.i'iN 80 's soou IeaSoh LOT oeieving
'li'' Neu-coLis'ueIeu IA" regulating
~ i'91e VI future secuLlues would IN
el,g0.' si'e 'AeIl an oHcidI ceftlhcate
""i1h ""o'u sIgaul aio thelr saIe oy the
aSsil ~ .llgleoS gwen 70 the buyer
l-'oS og SaiV ds 70 talIroaaS
-, ,'' "'i'e" hau 70 oe
1l-I.I' ~ 90 "so w" iaI,i ioaus were
w., ~ '-I NV. Sf"' eV',Vu seCuoHo
1'iu -, 1loh VI 'Her ueFeiopment
.',i.i1 l''l IN ,''s 1oiH7 anu present
e..Di-. 81 ,'.'' onsoie re-
ooiIuo "ouiu dtu rather Ilan IMPEDE the