The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1909-03-11

y
eApenses ~ maintenance q opera.
lion. lnatglnere ~ less thana6 Der cent
u returns ana not mere tnan per
cenS, upon any OF tnemSand - - some
e 1Iem 2 aencis. nEing property
~ ApOye stAIeu Witnan
naassoNri at lis Iatr valuation. And
Ln!s e 80 Wlthout reverence 70 DondAs
~ IN NO case 90 q bends bear
: psr "a ntsrest nul taxing e
DSunus 7inlv iisiuetAelC tneTe ~ Sill
many cases g deficit after considering
I'll oecIts anu credaes, uRon the True
2 Ior the stare business. NnerN
70 ny oen tnat any oh 2 existtn9
~ - VIE HpIopeIl saue0 eAthe1
~ g noun Or rates of interest ~
LAlns the valuo, lno court mas cShsi0-
ereu tiie evi9ence 81 Witnesees az 60
STOCKS ara Donds ana the
S.a.s Doaru 1Or $3.50 purposes ma
value1 tnese prOpertiss " ours.
clv,siya h,,+ sh ars nrs D Dnr nor c0n-
1872 TaI . ~ Trey aIe Hu{
;msepeslIelliy q slycks ana BENDS anQ
hmuspsi,uanti 9 WIZ the stare z
~ .s sa,net eless propeIItes TOT taxing
psns ~ lo NNhal s.leWg tne v6l-
e xnas ~ " as reciled II tne nndinge
rafarar. LILY ~ u aAU ~ WHICH
- " ii.auS ~ Ing aecreo1.
As TO Valuation.
It Is absolutely necessary that many
trains, both passenger and freight. do
OOIA tOCal aDQ Interstate HuSInp00t
Even the fast trains stepping at hut
few stations In the state carryststato
passengers between such stations. And
the same Is true as to freight trains
carrying freight beth In carload and
less tina carload lots.
The valuation Of the roads has been
fixed by the court as shown by the
findings of fact. The entire state and
Interstate earnings of each 0f the roads
within the state is known and flxedsto
a certainty. The expenses are shown
and fixed. To appOrtien these ex-
peHses, must be done according to one
of the two theories, and the correct
theory is that according to revenue
One theory or other must be appNed to
both freight and passenger expenses.
and the court should not adept the one
theory as to part. N the other theory
as to another. The one theory is helps
full to the n side. and the other the
DRY helpful to the other side, the emo
the other theory to the other side IN
passenger. But an arbitrary splitting
of theories is Illogical and unfair. and
cannot be recognized. The court has
adopted he revenue theory because q
great lumber of the best railroad ex-
perts Of the country. against a very
limited number to the contrary have
SO testified. Every court the has ever
nad This question before 1t in SO far as
l am advised by the briefs Of counsel
aiiu my VWli iiluepeideHI Investigator
mas 50 heid In the cases of the supreme
court OF the United States In the two
cases. by Two circuit judges Of this
circuit by three district judges Of this
circuit, ana by the supreme court OF
fIorida, State vs.. Atlantic Coast Limo.
n Beale & Wyman, on Railroad
hates Regulation, such az
pelng the correct rule. The values OF
the properly Within the state have been
nxed by the court. The entire earn
n ~ WITHIN the state, Interstate and
stale, frelght. passenger ana iniscella-
neous of each, have been fixed. The
entire expense IS known, including the
extra cost Of each. To ascertain
Whetner the result Is a profit, and IL
SO what per cent, or a loss, Is but a
problem OF primary arithmetic, as Ii
SHOWN by Judge Van Devanter in Ar
Kansas rate cases. Ihere are other
%nethods equally simple, the resultant
ngures or course being the same. These
computations snow as TO the ccmmod-
tues covered by the freight rate stat
ute OF 1907, that TWO roads. the Hanni-
oaI % 81. LOUIS, ana the Burlington,
alloWing nothing Fer extra cost, there
rs a deEclt, ana with AL ether compa-
mes less IMAM q per cent But with tho
extra cost added, the dehcff for the two
IS much greater, and the
otner companies snow a deficit.
The passenger earnings under the
2-cent fare law Of 1897, allowing nothing
for extra cost over interstate business.
give no return whatever to the Rock
island, st. Louis & Haninhai; Kansas
City, Clinton & Springfield. and Great