New-York tribune., 1910-11-26
YOUNG ECONOMIST HEARD
Nineteen-year-0id Tangles up
Railroad Experts.
RATE HEARING RESUMED
Shippers Representatives Fre'
sent Figures TO Show That IN
creases Are Unnecessary

-r-.srs,r-o- N1ov s5-Discussing millions
~ dollars as though the amounts W.
--a-a hagsfeIIes a nineteer-year-olo hai-
-f-,ora economist. tanEling un the Aii'e-
e4e.e C-o-nrne-ee Commission ar1o 1he ga
ex,- ~ counsel representing al Ine EaS'
err trunk tines. and mass OF ngure9 "e
signed 20 show the won0erfh pTu"ls %
freight traffic. were anon re tea'urVs -
the rate hearing to-day
Harry . Barlow. Of Chicago. director OF
me Chicago Association of Commerce, ior-
.r7e-lv president Of the Evansville q ier-e
~-a7,ra Railroad and allied lines ano TaTle
manager Of the Wisconsin central Ezra
= williarnsons. Of Cincinnati. coTnIlllssloiieI
a. The Receivers and Slippers ASSOCIATION
sf that city and for sixteen years assocl-
zted with the Queen q Crescent To''le' anu
2 2 RtI-gunde-, OF Baltimore, not yet
or of his teens. whose command of raii-
mad stock Statistics defeated any attacks
or his testimony n cross-e1sI14'i -i"1i'
were the witnesses
~ rs,7rprln6er was put on the stand TO
testify 70 his own statistical computations
concerning he rights Of stockholders
v-7rl,ir 3 minute he had the members OF
-,e commission Qorfrg over copies OF MS
-sriee and all he counsel listening 10 MS
ers1v+fcsl Interpretations OF and deductions
~-o-77 re figures The rapid fire calcufa-
-iors made by the witness n response 10
-z-o OF three inquiries were sufficient 10
1e- him and his tables pass by unchai-
lenEed-
NJ. Barlow believed IN horizontal IN
crease n rates in the event that any were
necessary which he was not willing 10 con-
oada He thought iron and steel and coffee
and sugar should help bear the burden the
carriers purposed 70 place on the PUBLIC
r--oss-exa11ined by Nj Butterfeid. for
-47e New York Central Railroad. MT. Har-
low denied that he had taken the position
that failure 20 increase the rates on coffee
and sugar was one % the reasons why lhe
rsiIroads should not he permitted 10 put
he higher tariffs into effect Mr. Barlo"
Said his position was that the shippers
felt the increases were unjust and unreas-
o1able- that they were discriminatory ana
--a, the shippers Of articles affected by the
.7r-.ases had ALREADY paid their pound
of flesh"
Tells CT Old Rebate System.
rse a--aigr7ed the commodity rate svs-
TEN and discussed its partial counterpart
the old rebate system. now under legisia-
i've ban. He said his direct connecnon
with rebate payments while he was IN Jhe
railroad business extended from the Al
lantic 10 the Pacific, and that his policy
then was 20 pay the largest shippers the
largest rebate and 70 graduate the amount
down 20 he smallest shippers
While discussing packing house produce
rates. Mr Barlow brought the name OF
George X. Perkins again into the investi-
cation He said that he understood that
M Perkins agreed with the packers on an
advance OF only one-halt Of what had been
proposed
Did he r,Jr-po-t TO represent the rail
roads. The beef shippers. or any one else
asked Frank Lyon. attorney for the COM
mission
7 don't know replied the witness I
an rold Mr.. Perkins came as representa-
tive Of aIr. Morgan as a peacemaker be-
tween the packers and the railroads..
Nj Williamson fled a mass of figures
intended to show the immense strides the
railroads have made in the direction OF I'LL
ing the pockets OF those controlling them
9e referred particularly 10 two arms OF the
Pennsylvania system. the Pittsburg, Fort
Wayne d Chicago and the PtttsbUrg, Gin
Cinnati. Chicago d St Louis
He cited figures which he said showed
TIA excessive earnings OF the Fort Wayne
road and declared that both roads revealed
= splendid condition Of credit. quite up 10
THe Per cent standard fixed by Presidents
NcCrea- OF The Pennsylvania. and Willard.
OF The Baltimore & Ohio. AIr- Williamson de-
clared eruphaticaIlr that the railroads cid
not need any advance IN rates The Fort
WAYNE lue, according To his statements.
had built up q S2ae5oooo property to q So -
l1n"" property and after taking care Of
fixed charEes-rhe Pennsylvania company
guaranteeing : per cent for virtually a
thousand Z-ears-J1e Pennsylvania Railroad
had S4s-ooa"" Of guaranteed stock Of the
Fo-1 Nayue which was velvet"
The financial showing - the P. c.. G. &
8 /. he said. Was not 50 favorable a. the
Other, because the Pennsylvania saw II 70
send more tonnage over the Fort Wayne.
OF which the profit a ton hauled was 2
Ertle larger
The hearing viii be resumed Tomorrow
Wiz NJ Williamson on the stand The
heads or L1e Railway Business Association,
nave advised the commission they viii ap-
rear 1-EL week