The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1910-04-12
PULLMAN RATES
Will BE REDUCED

9 y q q q q q q u u u uuuuuu q
9 The Interstate Commerce Com. 6
g mission has finally 'staken . q
g fall' out Of the autocratic Pull q
q man company. It is not stated g
Q whether or not the company win q
q be compelled. to raise an upper q
9 berth when not occupied, there n
9 by giving the owner Of the low q
q the berth little breathing space q
q on hot night, but it is probable q
q this will follow. q
2 The company will appeal to the n
q courts from the decision Of the q
q commission, and it remains to be q
2 seen whether or not there is any q
2 mower vested in the federal gov u
9 ernment to regulate this monopo- Il
2 listic and arbitrary concern. q
Q g Q q q q q q u q q x uuu q
Washington dispatch states that
The Interstate Commerce Commission.
IN a decision Saturday. holds it to
be unjust and unreasonable for the
Pullman company to charge equally for
upper and lower berths.
Differential charges are ordered in
several instances, and Pullman rates
from Chicago to the Pacific coast are
ordered reduced.
While this ruling of the commission
orders reductions in rates which were
specifically and formally Complained
of, it is recognized az the openine
wedge for a readjustment Of sleepine
car rates wherever they exceed the
average that the commission has found
to be reasonable in these instances.
The Pullman company, it is stated. win
carry the decision to the courts.
The commission ruled that the pres.
ent Pullman rate of $12 from st. PAM
to the Pacific coast was too hiph and
ordered it reduced to $40. The present
rate of $12 for an upper berth was Or
dered reduced to $3.50.
A short nights journey, the com.
mission holds, should not carry n rate
of more than $3.50 for lower berth
and $1.l0 for an upper. The rate Of 8
which the company has maintained
from st. Paul to Fargo, N. D.. 24e
miles, is ordered reduced Accordingly
The prevailing upper berth rate Of
$3.50 is reduced to $1.10 between 81.
Paul and Superior, Wis. The upper
berth rate between ST. Paul and Grand
Forks is reduced from 90 to $1.5O. The
prevailing rates are approved for low
er berths.
The report, written by Commissioner
Franklin X. Lane is brief, and does not
disclose the exhaustive examination
that was made Of the Pullman com
pany's affairs, but the record revealed
annual dividends amounting nearly to
$60, 100000 from 1899 to 1909, inclus.
i've.
Big Annual Dividends.
The investigation showed that the
amount carried in surplus annually did
not fall far short of the annual divid-
ends Of s per cent; that in 1898 cash
dividend of $7,200,00O was paid out Of
accumulated surplus; in 1899 a special
stock dividend Of so per cent, amount
ing to $4,000, 900, was declared; and In
1907 another of 36 per cent, amounting
to $26,015, ,256, was divided. During
eleven years $5l 100000 in special cash
and stock dividends were paid in ad-
dition to the annual ones.
In 1908 the stock of the company
was increased from $4,000, 900 to
100000, 900, Of which $50 1000, 900 il
accounted for by the acquisition Of the
Wagner Palace Car company. The
rest of the increase of "a, 900, 900 rep
resents capitalization of surplus. The
record shows that no additional capt.
tai was put in.