The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-05-17
DECIDES To RAISE RATES:
SET No DEFINITE DATE.
First Increases Not Likely Before
Octobcr-Others to Come in
January.

NEW YORK. May 16.-Freight
rates will be inereased-both class
rates and those on eommodities-bu
the date on which they will take eff
feet has vet to he fixed This is the
result of the final meeting of rail-
road presidents yesterday. when they
formally approved the recommends
ton of their traffic executives in favor
of the advances and referred the
matter to them to work out the de-
tails. When this task is completed
definite decision will be made as to
the date for making the change
effective, in the two instances named.
There Is reason to believe now, as
heretofore, that Oct. of this year
and Jan. /. 1909, will ultimately be
agreed upon. as already suggested.
One of the executive officers in COM
menting upon the action of the presi-
dents, confirmed as accurate the fore
ease which has appeared. Continu-
ing he said:
The problem confronting us has
been the most trying one with which
We have had to deal in. a long period,
for reasons already explained on
several occasions. We have been led
to our final decision by virtue of the
facts involved. which left us no other
alternative than the one accepted. 1t
is a pleasure to say that while pro-
tests have been made and opposition
shown to higher rates, dispatches and
letters received from commercial or
CARNATIONS have all been of mark
eddy courteous nature. We have
| fully appreciated the intiimation that
the present period and prevailing con-
ditions did not make it advisable to
| Immediately advance rates, and really
at no time has there been any in
| tention of doing so. for two reasons.
| First We fully recognize the force of
this intimation. and secondly, it
would have been an absolute i'm
possibility to complete the work that
will have to be done before advances
can be made effective.
| Our reports convince us that with
a fulfillment of the superb crop pros
poets now in evidence, and our ability
to make necessary expenditures, as
early as next August, you will see
business revival. Unmistakable signs
of business activity viii appear that
later will develop q new period of
real prosperity. In sense, as go
the railroads so goes the business of
the country. When you remember
that there are 100000 freight cars
idle upon the railroads of the United
States, all of which are deteriorating
and will have to be repaired, at
cost. say. of $40 per car. you can
readily see that. in this single item
alone, We will have to expend some
thing like s4,00O.0OO. Add to this
repairs on hundreds of locomotives
now dead upon sidetracks and other
places of storage, and you car readily
estimate the extent to which the rail
roads will be able to give new i'm
petus to business. The result will be
that everybody will take fresh cour-
age and we will begin period that
will lead us into brighter paths.
Possibly it may not be generally
known that of the rough lumber in
the South the railroads consume not
less than SO per cent and not less than
% per cent of all the lumber produce
ed in this country. Today We are
not spending dollar for supplies of
this kind. and the lumber industry is
paralyzed. Therefore, IL we begin
buying you can readily see how it will
changes. If there are not aooyoh.