The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-06
M'CAIN CoNTRovERTED.

M'CAIN CONTROvERTED
Not long since Con September ljjh,
30 he cYnct.) we commented upon the
| superficial view taken bv Mr.. {, G. Me-
Cain in his pamphlet "Thc Diminished
Purchasing Power OF Railway Earn.
ings; aud We objected To his argu-
meot that Siucc Tho roads had to pay
more for their supplies. rhcv were jus.
| tilted in increasing their rates Wc
called attention TO the wcli-fuoWu rae,
that IT Is not only railway money thai
bas diminished in purchasing power.
but that everybody ; money had like.
wise decreased in purchasing power.
Nnd since the community N large WIS
suffering from the same disability. IL
was unjust TO add tho further burden
of Increased railway charges Since.
further, it appears that the railroads
arc coming into an exceeding great
prosperity, it is also needless opprcs.
sion upon the people TO make any
increase in charges.
The same view was taken nj The re.
cent convention of representatives of
shippers and various commercial or
cauizatioDs in Cincinnati. since our
comment. That organization formulated
the following emphatic protest against
the representations and arguments of
Mr., Mccain;
Whereas. Mir. G. G. Mccain chairman
.oL he trunk uuu association. composed
L n "a t1,s...
Su1alO. Rochester x Eit,sburg railroad
The Central Railroad Of New Jersey. the
Delaware x hudson company, the Del
road The Erie railroad The Grand Trunk
railwdy. the LchIgh Valley railroad. tho
AgW York CenTal & Hudson Rivef
Western railroad the Pennsylvania rail.
road. the Western Maryland railroad and
the West shore railroad, has complied
II pamphlet entitled The diminishing
purchasing power OF railway earnings,
Whereas. said railroads have assumed
The responsibility for said pamphlet by
CIRCULATING, same generally among The
Whereas. Said pamphlet Is biased. par
tlai and misleading and gives only sec
uon Of the truth bearing on the siLua ton
hy emitting, among other things, the fol-
lowing facts ana figures: The net in
come per mile " road OF the railroads
in the United States for 1897 exceeded
LIlSA lpi 1881 ny SlO"ts an increase OF uld
per cent; the net income per mile OF road
in group / (Ncw f.ngiandD for 1907 sX-
ceeded by $40 that Tor 1897. an increase
OF ~ per cent, the net income pcr mile
OF road In group III Ctruu!t Nme territory
for 1870. exceeded that for 1891 BY S2595.
an increase OF llQ per cent: the net in =
come per mile or road OF roads in group
III &C.. +. \. terIitoryl for 1907 exceeded
that for 1897 by $lGO5, an increase OF 52l
per cent; the surplus from opera lions OF
roads IN group Ill for l3OI was $25S per
III.
roads In said group for 1887 the net in
come of all the railroads III the United
states for l2oJ was $40 461 ,IS5, for 1897.
sSl 25I .oO6: excess 1907 over 1891 sg6S :
2O36S2, 9u increase OF FJ5 per cent
The surplus from operations OF all the
railroads IN the United states FOR 1907
exceeded the net income Of 1897 by SEQ
di3lends increased from 81 6O2. .549o7S In
1907 10 S4,94s. 902 in 1907. an. increase
OF Sl2lj. .2062 225.
from 5.43 per cent in 1897 20 6.23 per
cent In 1907, an Increase or lI7 per
cen,, cent Lhe revenue per train mile. all
Gnins Of the railroads in the United
cost OF running train one mile. all
trains. Tor the same year was 92,9 cents
Proui. f'.% cents per mile.
Ine revenue per train mile, all trains.
oN tine railroads in the United States Tor
1907 was s2.l11. The average cost q,
running train one mile. all trains. FOR
ne,. n@ san sane X%ar E sdf pronLa 'oI cents
mile, nil trains. exceeded the profit Tor
Is9L by 25A cents per mile, an increase
OF 5s per cent.
Now therefore. he 1T resolved b. ship
ners from all sections of the United
states. in conference assembled,
First. That as said pamphlet does not
set forth all the technical facts and is
biased and misleading said document is
not a proper one for educating the u,,bIic
and does not fairly set forth the rill in
formation 10 which the public is entitled
Second That the facts do not Justify
on tue contrary. call for reduction
thereof
Which is certainly demonstrated
conclusion.
Coincidine in this view, the World :
Work for November, discussing the
problem How 10 Make Income
Meet Expenses, and pointing out some
things omitted by Mr.. Mccain. cspe-
cially in the Union Pacific s vitality.
adds; And then the obvious reply to
the gloomy remarks Of Mr.. Mccain is
that in 1897 the Union Pacific lay bank
rupt, while in 1907 it was giant
among corporations. Clearly he has
stated but small part OF the facts
concerning railroad economy. ard his
conclusion can have little force because
1t lacks proper proportion and pers-
pective.
And that being obviously true. it
disposes pretty cAectually Of Mr..
Mccain aud his pamphlet.