The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-08
MOST CONTENT and SOME NOT
VARIOUS EXPRESSIONS IBOUF
THE RAILROAD SETTLEMENT.
Majority seem 10 Regard NTH Pleasure
TIM ArranGrmrnt Reached "a wash.
mgton. bui william ROckefeiieF amt
President Rlpley Are Not Optimistic.

the Arrangrmrnt Reached a wash
Rgton. hat william ROckrfeiieF and
President Rlpley Are Not Optimistic.
Generally railroad men. shippers and
bankers spoke approvingiy yesterday
Of the Washington settlement. but there
was some dissent President Nudge Of
the Rock Island said:
II my understanding % the result
OF the conference ~ correct the railroads
and the shippers have no differences
now All seem 10 have heen swept away
by the agreement 10 leave the matter
entirely in the hands Of the Interstate
Commerce Commission
Secretary Glenn Of the Illinois Manu-
faCtureru Association said:
we have accomplished our purpose,
II the Interstate Commerce Commission
decides that the rates are just We will
have nothing 10 say
There seems 10 be little doubt in the
minds Of railroad men that the proposed
freight rate increases will bs approved
by the Interstate Commerce Commission
Bankers for the Hartman lines said
yesterday:
The result 81 Mondays conference
az Washington is eminsntly satisfactory
There has never been any doubt that
the railroads would he able 20 increase
their rates Grounds for the increase
are too obvious to admit Of serious OBJ
lection. The only untoward factor in
the Washington situation was the suit
Now that II removed conditions are
once more sane
Frederick D. Underwood had this to say:
Il do not believe that the Administra-
ton was ever opposed to an advance
In rates except by the methods employed
l know personally that the members OF
the commission are in favor Of a suhstan-
tel advance In rates The railroads have
nothing 10 fear
4 prominent equipment Official Of one
OF the Western roads said:
The equipment market this summer
will depead almost entirely on the crops,
and ~ these promise to be excellent the
railroads will have To come into the mar
ket for cars 10 ship the crops whetheT
they want 20 or not and regardless Of
what the ratio question may he
A representative % q prominent in
ternatlonal banking house took an OPP
tlmlstic view Of the situation
1t was only natural he said, that
whatever negotiations were pending last
week for the sale % additional amounts
OF our railroad bonds in Europe should
have teen suspended temporarily These
negotiations should nov he resumed
and during the ranla inder Of the year
Europe should be Of further assistance
TO Us.
D.. p Ripley. president q the Atchi-
son. one ~ the three Western railroad
presidents who participated AZ the White
House conference. was inclined esterday
70 take a decidedly psssimistic view Ot
the railroad situation. He sand that
his company would not depart IN any
degree from the POLICY Of general rs-
tr-nchmsnt In The opinion II Mr. Rip
ley 50 long ~ The general attitude "
politicians toward the railroads continues
ART In view ot the legislation with respect
90 the railroads. nov pending In Congress
no encouragement is offered 10 investors
10 put their money lu railroad securities
Mr Ripley said that ~ the situation now
stands the Government has virtual con-
troll n the railroads without cent Of
money invested and without any rszpon-
sihlty whatsoever Ne declared also
that the advances involved Ia this CON
troversy did not amount TO enough 10
make any material increase In the total
inoOme of the railroads lie intimateCi
however. that further increases were IN
contemplation heiors the Injunction pro-
Ceedings were staFtet
While admitting thai 10 was generally
understood by thu-- who participated IN
the White House conference that the
Investigation u the proposed advances
~ rates by the Interstate COmm-u-s
Commission would be expedited - much
a. p0--ible he deCla rel No one could tell
how long a time wUsIid ~ required Ia get
the new rates into cheCt lie said that
undoubtedly the shippers would make
further protest 20 the Cummizs sion. bui
Incidentally he explained that The ship
Der, are not directly represented in those
rate discussions. indsmuCh a. their as
-Oc,aiions are represented ~ men hired
for the purpose who hear precis.lv rh"
same relation 10 the shippers a. labor
leaders do To the members 81 their ari-
Ous unions A. matter of fact. he said
on the committee which was Instrumental
90 securing the injunction against the
increases in rates now under Cunsidsrl-
zion there Wa only one actual shipper
Mr. Ripley gave ont this letter which he
aid hal been written to him nv very
prominent mar.
appreciate very mu,h ,urr i-.r-r ~
May ~ and share YOUR sentiments mosl
hrari iN - 10 the Evil effects oi pol't. upon
our nat ional credit tud morals. bat We arr
really going through no more In this country
thau they are suffering Ia England lud
France. The tNu Other countries where
p,,iitDian- ,1u ipol nearly al 'b- people
nearly al ihs lime. GERMANY presents al
Interesting contrast there tse iorUr- that
Or. 'or ansr'hv aud chaos are ail 'OlleCted
90 an impot~'i minority The r~grrtirl
thing about the situation 70 my mind b.
that apparently rh- only cure for OuI
present diffi'Ilf.r- - long period ~ hard
Time. during uh,'h We must witness the
distress and suffering Of tho-. Who are
bnndly led by he most oOntemptible class
Of ruleTs known 10 men. namely, ONCE
seeking demagogues
You viii remember tha' In The early aOs
there we're few Republicans aud hardly
any Democrats Who dared 10 defend cor
poution- ~ 10 admit hat they Werr stall
vars and you will recall too that after
he hard times ters over 10 was only mere .
,ary In the Wet 10 rharge a man With having
been POpuli-i IN order ~ def~ai him for
1ny pubiic position Probably the people
viii b. Just A. SICK of insurgents in four or
i've YEAR - they were ~ Populists IN $50
and s9s
I came back bore last f1ll believing that
conditions were fav"rabl" Tor interesting
and profitable wort in connection With those
Affairs which are essential 10 the Country's
growth. however offensive they may he
- The rulers Of our country. and s'ili think
that every condition a. lhat time vas most
favorable Tor a prosperous neriOd o. In
definite l-ngih. There seemed 10 mo at
that time 10 he but one cloud in he financial
sly. our imperfect banking system Bnt