The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1909-10-20
DECLARE ANY HIGHER FREIGHT
RATES WILL DISRUPT
ALL BUSINESS.
STRONG RESOLUTIONS
Adopted at Meeting Yesterday
Shown That Railroad Pamphlet
Gives Misleading informa-
tion to Public.

Cincinnati, Oct. 1e.-That any gen
eral advance in freight rates win dis.
turb the existing business condition
and that such advance is najustis3ed
and will be vigorous,y contested hg
Ishippers' organizations, was / d ten v
of resolutions aloEtt. toaay 1T tfa
| meeting Of representative shipfe s.
and ether commercial ergaaizatiors
| from many parts Of tie county, hei
at the Sintcs Hotei. The resolutions
/ follow:
Whereas. c. C. Mccain, chairman
of the Trunk Line Association com
ipiled pamphlet entitled "The Di-
minished Purchasing Power OF Rail.
way Earnings
Whereas, The railroads Of said as
| scciation circulated the same with the
avowed purpose OF educating the pub.
| lie;
\ Whereas, The true purpose Is to
lprepare the public for an advance in
1 trelSnt rates, and
Whereas, Said pamphlet Is biased,
partial, misleading and omitting
among other things, the following
facts and figures:
The net income per mile OF the
railroads of the United States in 1907
exceeded that of 1897 by 1854. an in
crease Of 345 per cent The net in
come per mile of the reads Oh New
England for 1907 exceeded by s740
that Of 1897, an increase Of Al per
cent The net income per mile of the
| roads of the trunk line territory iii
1907 exceed that OF 1897 by $2,525,
an increase Of 17a per cent. The net
4 income Per mile of the, rpahf ~ the
1 central freight association territory
n 1907 exceeded thai or 1897 by ST.,
605, an increase OF 521 per cent The
surplus from the operations Of the
roads of the latter group for 1907 was
$25S per mile greater than the net
income of the roads of said group for
1897. The net income of all railroads
in the United States for 1907 was
| $40, ,461 1888. for 1897 sS1 .257. SOC. Elk.
cess OF 1907 over 1897. s3GS, ,203, ,6S2.
An increase OF 459 per cent. The sur
plus from operations Of all railroads
In the United tSates for 1907 exceed.
ed the net income for 1897 BY $780,
0G5,7S5. The amount of stock paying
dividends increased from 81 1.603,54a,.
97S In 1897 to S4,g4s, 756.203 in 1907.
The increase was 1886 2o6, 225, The
rate Of dividend or stock increased
from 543 in 1897 to G.23 per cent in
| 1891 Increase, 14.7 per cent
| For 1907 the profit per mile for all
trains exceeded the profit for 1897 by
| 25.4 cents per mile. an increase OF
Sc per cent, Now, therefore, be it
resolved by shippers from all sections
of the United States in conference as.
sembled:
First-That as said pamphlet
doesn't set forth all the facts and is
biased and misleading. 1t Is not
proper one for informing and educat.
ing the public.
Second-That the facts don't jus
tlfy any general advance in freight
rates but on the contrary call for
Production.
Third-That the executive commit.
tee of this conference is hereby
created with all powers of this con-
ference.
Fourth-That the said committee is
hereby instructed 20 prepare full
and complete answer to said pamphlet
or similar pamphlets, and circulate
the same for the education OF the
lpublic on the true freight rate situa
!. tion, and that for the correction of
the erroneous impression resulting
from the said pamphlet or others 0f
a similar nature.
Fifth--That as any general advance
in freight rates will disturb the ex-
listing conditions, the same is hereby
opposed and will be resisted by all
legitimate means.
Sixth--That when this conference
adjourns it is subject to the call OF
tho chairman.
|