The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1909-10-22
FREIGHT FIGURES
THE SHIPPERS CONFERENCE AT
CINCINNATI FIGHTING
ADVANCE
SHOW INCOME PER mile
MENT AGAINST PROPOSED
INCREASE

tiOns, and that such advance is un-
justified and will be vigorously con-
tested by shippers organizations, was
the tenor of resolutions adopted today
at a meeting OF representatives of ship
pers and other commercial organiza-
tions from many parts of the country,
held in the Sintose hotel. The reso-
lutions follow:
Whereas, c. c. Mccain, chairman of
the Trunk Line association, has com
piled a pamphlet entitled The Di-
minished Purchasing Power of Rail
way EarninSs;" and,
Whereas, The railroads of said as
sociatiOn have circulated the same with
the avowed purpose Of educating the
public for an advance in freight rates
and.
Whereas, Said pamphlet is biased,
partial and misleading, emitting,
among other things, the following fact
and figures
The net income per mile of the rail
roads of the United States in 1907 eX
ceeded that 1897 by $1,534, an increasc
Of 345 per cent.
Net income per mile of road in New
England for 1907 exceeded by $40 that
of 1887 an increase Of Al per cent.
Net income per mile of road in
Trunk Line territory in 1907 exceeded
that of 1897 by $2,525, an increase o.
10 per cent.
Net income per mile of roads in the
ftnl OH iNn nrvtf
in 1907 exceeded tnat 1897, by 5 sos,
an increase of 521 pier cent. The sur
plus from operations Of the roads of
the latter group for 1907 was 1888 per
mile greater than the net income of
the road of said groud for 1897.
Net income of all railroads in the
United States for 1907 was $449, ,461 1888;
for 1897, $81, ,257 500 Excess of 1907
over 1897, $34S ,2O3 ,6S2-an increase O.
453 per cent. Surplus from opera
tiOns Of all railroads in the United
States for 1907 exceeded the net in
come for 1897 by $60O65,7S5.
Amount of stock paying dividend
increased from 81 ,6O3, ,549,97S in 1897 to
$4,94S. 1856 ,2O3 in 1907 Increase $3,345,
2O6,225
Rate Of dividend on stock incl eased
from 5.43 per cent in 1897 to 6.23 Pc
cent in 1907 Increase l47 per cent
For 1897 the profit per train mile
all trains, exceeded the profit for 1887
by 25.4 cents per mile an increasc
of sc per cent Now. therefore,
Resolved by the shippers from all
sections of the United States in con-
ference assembled
First-Tnat as said pamphlet does
not set forth all the facts and is
biased and misleading, it is not a prop
er one for informing or educating the
public;
Second-That the facts do not pusti-
fly any general advance of freight
rates; but on the contrary cal for a
reduction;
Third-That an executive committee
for this conference is hereby created
with all powers OF this conference,
FOurth-That said committee is here
by instructed to prepare a full an
complete answer to said pamphlet, or
similar pamphlets, and circulate the
same for education OF the public on
the true freight rate situation, and
for correction Of the erroneous i'm
preston resulting from said pamphlet
or others of a similar nature.
Fifth-That as any general advance
in freight rates will disturb existin
business cOnultiOns, the same is here
by opposed and will be resisted by a
legitimate means;
SiXth-That when this conference
adjourns il is subject to cal of chair
man.
Cinncinnati. Ohio, Oct. 19-Repre
sentatives of trade organizations from
Chicago and other western cities are
holding a meeting here today to pro-
test against what they declare is
campaign on the part OF the railroads
for general advance in freight rates
The railroads declare the purchasing
power of railway earnings is less now
than in 1897. and that therefore the
freight rates should be advanced al
least ten per cent. The trade organ
zations, however. show the net income
for all railroads in the United State
for 1907 was S449, ,461 ,1SS and for 1897
was SCI 257 500 an excess for 1907 owe"
1897 of $36S. .203. $50. or an increase o.