Daily press. [volume] (Newport News, Va.) 1896-current, 1908-03-24
Commissioner Lane Figures il Out
They Have Not Been Hard Hit.
FIGURES TO BACK HIS STATEMENT
Claims That Roads in Far Yves, Have
Not Fels Panic at All and That the
Eastern Lines Arc Recovering Rap.
idly.

W WASHINGTON. d. c.. March 3D.
livery Indication points TO nm i'm
proyement generally in the railroad
and industrial situation OF the coun.
Try according to reports made by the
great railway systems of America to
the interstate commerce commission.
hese reports are to the effect that.
While the railroads suffered to some
extent by what has come to he re-
ierIed TO MS the October panic" the
loss was by no means so serious as
generally has l'oen supposed.
II appears from tho reports that the
erect was felt particularly by tho
EASTERN lines and by the lines In the
(. southeastern part of the country. II
rev OF which were embarrassed not
Y only by falling off of revenues. but
by their inability to obtain ready cash
with which to carry on improvements
which they had begun while the Yves.
tern lines and the trans continental
roads have not suffered materially
from the financial depression. Tho
{ Hgures available to the Interstate
commerce commission Indicate also
thnt the general condition In tho
country is improving materially with
q prospect that 1t soon will be normal
or better.
Franklin X, Lane Pacific Coast
commiss,on M, va. 80 So,,'.'e .,,,
sis ne shn n aus ,,,auu careful anaiy :
railroads thnS,sein s"o vi ne, ny NO
zion Mr. 4 a,,o ,,,a. ~ o',,'.n.
the railroads NJ Amcrlcn ha, n"s It's ,Us'
al sron, tbs "Ca ne'gn nnu Sns'''r-
ssnlied that tho ra,,rl,a., pau,o nc re-.
no,ntrv o,o, 10 80, J lew, s,.uu,,on tnc
rious one M No ,,rosn',, ill.,, ''
..,r,, 49, -. ''''
a.c no hsurcs accessible by
NJ, - u..'''i'u answer 10 your ques'
,,,is., "n U, s'veh' continued Com
,,''s,,n,ss i-a,ic' FROM inc figures
800. =, w VIZ commissioner now
IA uuss nov nnpcar mat taking
,s az -. 30 q wno,c, 'ho revenues
aStant ~. o e,s ny ,a',c' OH 10 inc
into,s.to -. Snms.a.y 10 peiieveu' ihe
caIis ,,.,o, N III ns..., commission now
AZ 80" ,'a,, ~, Wv ieis suuJec' 10 INC
: rs,art - w" M, 0on.ii'uaee 'ur hontn'y
l., . ~ 80 'e e, unu operat'
Win tha r,s,,,,, 40 'opu',S pesa',
.hsya thc ov,,sn W III ,"'., "nu
Y Jsenr, ~ ASo,n ooi'i '. NY iro''
To n nnn,,,e,. &c $50 cu, s' ,,.,,, us
la i,,,a, ~, r,nro ,o,,, ,u" ~,', ~, n'nS
ro.d svstan,, 80 ne y, W wv I"li-
rhnae ,,vs.to,,s no. ' e"'"'''
ssNa,. Wi, Nov, H., -
ford "'e" mary
p..Nar, yorl, co,,t,.,,
nn.ittn,nra q OF,
.pannsyiv,rt,
5ittshnrss "'" "os' VI
81 o,,,s,,,,a r. N,.s,,,u,o
aRocir island
.AtchIsnn Tonesn g. Cant, ia
mCbicaro hIilwanl,oo e e. po,I
..Northwest ~ ""''
s,soutbern pnciec
Z aCreat Northcrn
..Nortbern pncif,c
"Ourine Tho, three mantle ,,u,. A.,
gust, and Sentember Inc total onor a
Inc 'reyenno,. os those roada upu,a'
4 10 saea Oo0 oo0. ro, tho nan,a ,,,n,'.,,'
of October. Novomber an, nscon,ho,
the total revenue was sa7e mo- nno
The freight revenues of tho svs,en,s
named we're. for ibo Grs, anar,ar
s26a 600 600 ana for tho saco,i s,nnr
Ter S25a .oOo ono Tho froic,T rorn
l,ues for November were lnrrcr than
those for July or Sen,embcr
Thev Are Moi panic Eic,re.
"These systeme durinc Tho lost r,v
months OF 1907 received from M s,on.
ger and freight revenues a Grand IN.
tai OF s775. 600. mo- which 10 sSsooo
900 more than thev received ror III :,
same perlod In Tho nrcceding vear
1906; and their net income from On.
Grafton in 1907 was S14 0Oo mn moro
than In 1906. These figures certninly
do moi indicate that either owing ~
Legislation or the panic. the railroads