The morning journal-courier., 1908-01-18

per unit of plant of the Boston & Maine and the New Haven roads in the late fiscal year:
 Per Cent
 excess Way D.r mile ot MI E. & M. of N H.
 road .s2,s5s s2,14s 24 Equip. per engine 1882 1,274 55 Passenger car 517 424 21 Freight car ...., 6S 30 26
 It should be pointed out that the Boston & Maine also charged it's oper- ating with s741,66S for new equip ment' which was really equipment re- newal. If the entire sum were cred |ited to engine maintenance, it would put Boston 7s Maine engine mainten- ance on a standard with New Haven's. This attorney charges high rates on the New Haven road. He cites the fact that the average ton mile rate of the New Haven in the last fiscal year was 1.436 cents, while on the Boston & Maine 1.OS2 cents. This difference is caused entirely by the fact that the greater part of the New Ravens freight is merchandise in package lots whereas the greater part of the Bos- ton & Maine's freight is coal, lumber and grain in car load lots, which are much more economically handled and which universally call for low rates. | This attorneys own figures show that the passenger rates on the New Haven road since 1901 have decreased | 0.1 cent or nearly per cent. per pas sengerI per mile, and that the Boston creased but a trifle over one-half of one per cent in this period, or HOO of cent Der passenger per mile.
 Now this reduction in passenger rates on the New Haven road which has been the voluntary act of the Mel len administration, has cost the New Haven road nearly s2,000. 900. In other words, if the New Haven's passenger rates last year had been the same as in 1901. the New Ravens surplus earnings last year would have been nearly s2,000,000 greater than they actually were; similarly. if the Boston & Maine's passenger rates had shown l lIlr Sdlllf 1tuutlluH that llitt ANtN lli- ven's passenger rates have shown, it's surplus earnings would have been re- duced by nearly s1,000,000.
 The New Ravens expansion in net earnings has not only been aecompa- nied with increase in maintenance, renewals and depreciation charges, but has been in the face of an increase of nearly 100 per cent in per diem charges and a tremendous reduction in passenger rates.
 1 The pamphlet carefully reaches out across the New Haven system. its trol- ley lines, gas and steamship and other properties. and far into the coal fields of Pennsylvania, in order to find some thing which it can call the capitaliza- ticrf of the New Haven system, and i yet. when speaking of earnings. the pamphlet is always careful to restrict I itself to the operations of the New Haven road proper.
 | Thus on page 50, after gathering together the capitalization of almost every company with which the New Haven has any relations whatsoever, and calling it the capitalization of the New Haven system, it says the earn | ings of the New Haven system last year were S65, ,957.663 gross. This, | however is merely the gross earnings of the New Haven steam line. c. of N E. and the New York, Ontario X Western. The pamphlet carefully omits the earnings of the enormous trolley. lighting and other properties
 Instead of $65,000,000, the figure should be approximately $100.OOO,OO0!
 As further showing the methods upon which this pamphlet is based, it will be interesting to refer to page 4o Here the Boston & Maine and New l Haven are compared. This attorney says the net earnings last year Der mile of track owned or lease1 by the Boston & Maine were S2,507. as com pared with s3,5O6 for the New aa- ven.
 Knowing that the New Haven has more sidings than the Boston X M1.Ee and hundreds of miles of additional i and extra track, where the Boston X Maine has but single tracks. this a., l torney is careful to figure net earh,pgs on the basis of tracks instead of on the universally recognized basis Of per mile of road operated.
 Not only is he not content win this subterfuge. but he makes foot nLte at the bottom of page 40. in whi,h he says that he has reduced the sI7.- 751.s54 of net earnings of the New Haven by S3000.000 expended for in- provements. which was charged to profit and loss instead of to operating
 There is absolutely no reisc1 why the New Haven should charge its kcperating with money expended fir 1 improvements. Less tl,an one per ] cent. of the railroads within the ] United States do it. and as Il mater of ] fact it is violation of the rulings of the interstate commerce cDnmissicr r. to-day to do it. By -hese subterfuges the net earnings per mnle sf track or the New Haven are shown to be but Sl,000 more than the Bps: >n x Maine.
 Yet, in truth, anybody nv turning to page 36 of the Boston G. Maine r.n9r. and page 2S of the Nev Haven report will find that the net earnings peT mile of the Boston & Maine are s4.- 43a. and of the New Haven SS615, :he latter twice as great as tl.s 'ther Again on page 36. .nia att rney says that the net earnings If the Boston &