The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-10-14
RAILROAD RATE HEARING
Va DI'FNION ~ TUE COHHIS-
SION BTFORT rim O.
Railroads Nsluniarii' ~g-p~ud Infsrrr-
mrut ~ inrr"- .Td uatr. IHiil mat
IiEtr Prr,idrtIs 81 o.. 4 %. Aad - :
trntrai Irgr Necessity sf InrrrAse.


t"hrarv { ami u-rl.hIv hrr- Icrurling
q an auuuuun'u'u' mad" go Nh" uHi"-
uf ~" Cuu.ruI--pr Today In. conn
mission UIrIu'r 1ruuyr,'i that the rail-
ruuo, have again voluntarily suspended
th. rniuru"mrr. ~ "a" proposed increased
Uite-, ru-hmg tHr enr,ttv. dat. furWard
90 February / llv that time h. r. belle, ~
IN" commission will hly" completed ~
iuuurr, and Will D." 'u % pu-itiun - make
known Wh-th"r D. will aVpruv" the AL
Nancrd charges
IN" impression prevails hor, 'hl' the
Eastern railroads have made q good case
before IN" cpmWI,-Iuu Yesterday presi-
dent Nc, rrI IT TIE PENNSYLVANIA mad"
oomVrehsuS'y" statement ~ 49," iinan-
Cill condition 81 thr -ystr'n that b.. repre-
sent, TODAY hk. scat n.u,~ ws-r made
10y President Willard 81 trr Ri.irnor,,
aud OHIO road and Pro.rdrut Brown.
appearing for iH" NrN Work Central
lines
President, Nl,I rrl. Willard and brown
ar" in accord "a ilr conclusion that the
Increased cast 81 transportation. due IN
part tn tncF~aSv, an waE.- Warrant the
railroads m imposing higher freight
rates. In their Testimony before the
commission to-day Presidents Willard
ANU bI'hNh Nh't l"NEfN ufIgn the
increased cust Of Characterization. chiefly
ON account ~ vag,- They also spoke
81 plans Tor IH" h-.'"-inrut 81 heir lines
involving she expenditures ~ large sum,
Of money
Mr.. willard and Mr. Brown were c-ost.
examined by counsel of shipper who
endeay"rrd go show thai the line. could
he more economically managed hereby
reducing Operating cNuru-e-
President Willard sai that th. plyron
ot the Baltimore and Dino wuuld -ouu hc
increased 81 dlj 40 gna thai other ad,ii-
tional disbursements would enlarge the
cost 1T OPERATION by StUr1UIp H,. ties
titled that IN" gross income ct the Batl-
more and Ohio line tiI> year would h.
81 ~ ~. - compared with 81 o-rp .s,
IN ia9. tn" iucrcas" in the net income
being S2.Ouu $50. Pre-ld"nt Willard pointed
out that for every dollar raid in div
dends ~ cents of surplus has gon. int
improvements lie thought ~ would ba
better II his road could follow a more. a
liberal policy
4 was told bv hankcr-.- sa.d Mr.
Willard. that they hooked uIrnn the
application - or--third - the surplus
earn,nRs tn the proper,v a. about the ;
minimum that should be- used IA thar q
way some wears ago railroad stocks.
IN addition tn having Investment value.
were supposed to have Speculative value ,
] do not mean speculative IN The. -.n-. a
that u - frequently used Bui a. indi q
eating an Increased value that th,. stock ;
would have. | was told that y-r,.rtlIy d
. man would b" willing Co take a chance h
at a loss and accept regular q, ,Id.ud q Z
or rer cent " he rslf that the bistCr,. ii
OF the company Wa- such thai there, would
lie other distributions Increasing the,
average RET Iris 40" that speculative =
element has been removed q
Commissioner Ialre asked M Willard A
whether an advanC" ~ rates would add n
something substantial To- tia, speculative q
value ri
That ~ the host argurn,p, for nm nd %
vance 10 rates hay. heard r.pIrod III
Willard. -b"cau-s Won hav. taken away 10
the Speculative" "i'm"n'. and the uny y
way L. 20 suhstltut" something Tor i'
Mr. Willard SAID u" thought the RaI'F-
more Ohio Railroad COMPANY -I.tIld
have an income sufficient Jo p.rm.f d,
70 d"Noi" AZ least - cents - .rrpIuS tD "
g"ttsrm'nis for every. dollar pad iu div ,
wears That. b" said. would rryYlra a.
s. 5OO an a year
Commissioner T.aun asked MIR willard d
whether there should NOT b" period u J..
experiments 20 drtsru.r. how. r,pdi
tons on the railroads ~puld work ON y
hefor" an sdvanc" ~ rates vas accorded \
g. which MIR willard replied q
" we Ih-i r"Ilrpad managers met "
conditions involving uNperSa- Ly ac,pn- "
mics or advances ~ rates In OF me-
words they maintained their credit and &
they raised money on that credit To-
day the credit Of the American railroads
has teen placed m m. hands II this com
miss ion, y has heen taken from tho hands ;
~ IN" owners. and II NAV be- no--ihl. a
70 Obtain money N IA" future under th..-. -,
conditions '
Mr.. Willard said that m his opinion g
the tendency - freight rates will continue q
He said :.
THIS Is country ~ high prices Wages d
and materials are high aud tho ono sy- -
Cep''on =" mat ri" - found IN railroad
rates. vino. m thus country are the IoWesf
In the world ! think thar shows that
rail 'oad rai"- must b" fair
Attorney PrNndnis ~ Rnston rcpra y
eeuting -hrp"rs. questioned Nr Willard y,
closely ~ 90 IN" economy c,i..d 10
railroads thai might b" mad" sufficient y.
Willard said rhSt p" would leave =, - '!
Interstate t"mnerc" Curntui-si m =, do W
termine whether IN" railruads war. mar. y,
aged with Az ey" 10 sufficient ocorrr,y ="
rotor" u should auth0fr2" IA" lncrra-. ~
rates proposed
Pr"-d"r' Brown ~ tho New vi
"h'r"I Nu"- d''aI"d Tho arbitration /
Proceedings IN ''nucctIp, With Ad-ap,os MA
md said ''''N ~
-Ih" result IT 'h,s arbitration and .,bo h
increases W'sd" u"oa--ary Ly u ADDED
Apurr NiineTe,y - iFs pHI o. tho ,ayrti
OWN" N"w N"rk Central alone. all - Winch
'ndrr on" - the pruVisip ~ the agr.e
n"nt t's.ca'uo "T.Cfiyo IN Anil H. ~
addition '" This 'h'rr viii DO A ftIr,b.r
'r"r"s-~-' 81 appTuN Irai"ly SIaI oD ~ -
,'nrm WHICH wiz h"c.r," sr"rt,yc 80, ,sI
'Nn,"IN WI SlT1I'hr Arbitration was rlr
he ld ~ M" New N"rk Central Ir.s w. fr
~ buNal". and on ths-n roads tho ip,rc,s,. "a
ny amount =" approx irnaf"ly - an0 So ne
I'm AZ addfi"na amount ~ $50 go To-
Sr..L,,- . - - 49, - WI 90
'aid Drown %,
Ih" Wow YORK '"nr-rI Nts mo-. 100 rropr...s OIL,
Improvements 'uspl ING 10" ..,r..udit 70. OBJ.
b. arnE''In.H'"iy 8 ..ssutsu OF tt+. rn
,m"rn' - s".os" vas expended rrtor D., ren
Ian.I'| 4. Ilfu AUEruE Iutrsll a. ..s. 49,. ne
a a-f.rr4. rg Oh D., ,........t-.i T' ~
'-'N .H' calendar v"zr leaving aprr,y, 200
'Ht"I' =. .-sf 900 fu boz -rp.Ig.J ana 90