The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-10-20
SHIPPERS WILL
FIGHT ADVANCE
HIGHER FREIGHT RATES WILL
DISRUPT ALL BUSINESS.
Strong Resolutions Adopted at Meet
ing Neutrality-suspicious. That the
Railroad Pamphlet
GAVE MISLEADING INFORMATION

| Clnclnnau, oct. 2O.-Inat any
general advance in freight rates will
disturb the existing business condi-
ton and that such advance Is UNI
justified and Will be vigorously con-
tested by shippers organizations, was
the tenor of resolutions adopted at
the meeting OF representative ship
pers and other commercial organiZa-
tons from many parts of the county,
held at the Sintoz hotel. The resolu-
tons follow:
Whereas, C. C. Mccain. chairman
of the Trunk Line association, COM
piled a pamphlet entitled "The Di-
minlshed Purchasing Power of Rail-
way Earnings"
Whereas, The railroads OF said as
sociation circulated the same with the
avowed purpose Of educating the
public.
Whereas, The true purpose Is 20
prepare the public for an advance in
freight rates. and
Whereas. Said pamphlet is biased,
partial, misleading and emitting
among other things, the following
facts and figures:
Tho net income per mile OF the
railroads of the United States I'm
1907 exceeded that of 1897 by ST.
534, an Increase OF Sf5 per cent.
The net income per mile OF the roads
Of New England for 1907 exceeded
by s74O that Of 1897, an increase of
Al per cent. The net income per
mile OF the roads OF the trunk line
territory in 1907 exceed that OF 1897
by S2,525. an increase OF 17O per
cent The net income per mile Of
the roads OF the central freight ASSOC
citation territory in 1907 exceeded
that of 1897 by s1.6O5, an increase
of 521 per cent. The surplus from
the operations of the roads OF the
latter group for 1907 was 1888 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 S449,-
461.1SS, Tor 1897 $S1,257,5OG. Elk
cess of 1897 over 1897. $36S. 203,6S2
an increase of 453 per cent. The
surplus from operations of all rail-
roads in the United States for 1907
exceeded the net income for 1897 by
$50, 065.7S5. The amount OF stock
paying dividends increased from ST.
6O3,549.97S in 1897 10 S4,94S,75G.-
2O3 in 1907 The increase was So
.345,2O6,225. The rate Of dividend
on stock increased from 5.43 IN 1897
to 6.23 per cent in 1907. 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 #
resolved by shippers from all sections
Of the United States in conference as
sembled
First-That as said pamphlet does
not set forth the facts and is
biased and misleading. it is not
proper one for informing and educat-
ing the public.
Second-That the facts don't jus
AAlg ally SNiNldl dlNIutt III lIt4EIl
rates, but on the contrary call for IA
reduction.
Third-That the executive commit
tee of this conference is hereby
created with al powers of this con-
ference.
Fourth--That the said committee
Is hereby instructed TO prepare a full
and complete answer to said pam
phlet or similar pamphlets, and CIR
culate the same for the education OF
the public on the true freight rate
situation, and ttfat for the correction
of the erroneous impression resulting
from the said pamphlet or others OF
a similar nature
Fifth-That as any general adj
vance in freight rates will disturb the
existing conditions, the came Is here
by opposed and VIII be resisted by
all Legitimate means
Slxth-1hat when this conference
adjourns 1t is subject 10 the call II
the chairman