The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1910-06-30

New Law Marks an End to Rate Con-
troversles and Assures Square Deal
for Both Shipper and Carrier in
Future-Views of Ohio Press Leave
No Rom for Pessimism.
Public appreciation of President
Taft's signal success not only in Sc
curing the withdrawal of proposed
freight rate increases by many rail
roads, but in securing the passage of
tremendously important railroad leg
islation by congress, is everywhere
apparent.
This show of strength by the ad
ministration will have very reassur-
ing effect" says the Norwalk Heral
which continues the hope that 1t
may also have steadying effect
upon that portion of the public |
the press who are rather prone }
Jump to hasty conclusions, and to un-
duly find fault with the president"
Had Theodore Roosevelt been the
president instead OF Mr.. Taft" OBJ.
serves the Salem News, this ac-
complishment would have been hail
ed everywhere as most wonderful
exhibition OF executive ability. Pres
ident Taft is enii'AI 10 the gratitude
of every shipper OF freight and every
consumer of products that must be
shipped by rail-
Methods If Taft and T. r. Differ.
The comparison of Taft with his
predecessor is also made by the Bel
laire Times, which holds that the
difference between the Roosevelt way
of doing things and the Taft method
of accomplishing the same results
was never more clearly shown" and
points out that lit is matter of rec
ord that the presidents program was
quickly agreed to by the railroads. "
The position of the roads, that the in
crease in rates was necessary, is held
by the Akron Beacon-Journal to be
assumed, rather than real, and the
president is praised for having
shown the hollowness of the railroad
bluff" 1t emphasizes this by citing
that there has been instead Of {
fatal depression of railroad stocks
which one would have expected If the
previous dip in values had been legiti
mate. the market rebounds rapidly
indicating that present rates are no
so fatally low after all"
While agreeing that the railroads
have increased their expenses by (
hundred millions year through
wage increases, the Warren RepuDli
can points that the revival Of tradt
and industry has caused such In
crease in traffic that they are mad
more profitable than before, notwith
standing the higher operating e&
penses; they are naturally able t.
pay higher wages, buy supplies a
higher prices and still increase thei
profits"
Suits Shippers and Roads.
That the settlement Of the matte
satisfies the railroads as well as tn
public is pointed out by the Cleve
land Leader. Both sides are salts
fed, and as far as human institution
can be relied upon, exact justice Wi
be done both shippers and railroads
through the new legislation. Th
prospect for an avoidance OF bite
feeling ON both sides for all futur
time seems bright to the PortsmCut
Blade, by having experienced an
capable men standing as arbitrator
between selfish railroads on one han
and selfish shippers on the other,
a condition that will bring abou
just rates in nearly every instance
Beyond the satisfactory situatiO
in the stock market, the East Live
pool Review feels that "the probabi
ity is that the railroads will go o
with contemplated improvements an
participation in continued prospe
ity;" a feeling that is more tha
shared by the Cincinnati Enquire
which always approaches a subjec
of such importance in a serious MAJ
ner, and which recites that million
Of European capital already placed
our credit, and the hundreds of nj
lions that will follow into the san
channels will give a great impetl
to business in every part of the Uni
ed States, for they will enter IL
monetary circulation through a tho
sand arteries"