Morgan County republican. (Versailles, Mo.) 1906-1914, 1910-02-10

navy 'hN'' '''NS S'''
total Increase of "a per cent, the traf-
fic, passenger and freight. has more
than doubled, while the net income
has increased far out of proportion to
the increase in traffic, showing higher
rates or else greatly reduced operat-
ing expenses.
Present Rates High Enough.
Net income per mile of road in 1907
exceeded lnat for 1897 by $l,53440.
In other words. every mile of railroad
In the United States earned in 1907
$1.5344O more than 1t did in 1897.
Commenting upon this, shippers say:
Surplus from operations of all the
railroads in the United States for 1907
exceeded the net income for 1897 by
$50, O65. 7S5.
Stock paying dividends increased
from 81 500, $40, 1913 in 1897 to $4,94s.-
756, 203 in 1907. an increase of s3,345.-
FOG. 225.
The rate of dividend on stock in.
creased from SAB per cent. in 1897 to
6.23 per cent. in 1907. an increase OF
a. per cent.
dIlOuht vi 'opI'tl C'pNh VI
| the railroads of the United States out.
standing In 1907 was $7,356,S61 ,69i.
The amount necessary to pay six per
cent. annual dividend on said capital
stock Is SALAD ,701 AZ. For 1907 their
actual net income. after paying oper.
atlng expenses. interest on bonds and
other fixed charges, was $4i9,46l 1888.
rr GO nAQ acc "a .orn than papnprory
to pay six per cent. dividends on all
Of the said capital stock, including
overcapitalization.
After paying an average Of 6.23 per
cent. dividend. amounting to $30S .0SS..
627 on the capital stock paying divi.
dends in 1907, there still remained a
surplus of 41,323.264 which was
available for additional dividends or
possible increased expenses.
II Is evident that the present scale
Of freight rates is producing more
than sufficient to provide reasonable
returns upon legitimate railway stocks
and to attract attention to railway Sc
cLrities as desirable investments.
The figures support the contention
Of the Progressive Republican scna-
tors that no further increases in rates
should be permitted unless the rail,
roads prove they are entitled to them,
and that stock and bond issue should
be made absolutely subject to the ap-
prevail of the Interstate Commerce
commission, so that no additional cap
italization shall be permitted upon
surplus earnings or unearned In.
creases I'm value Of the physical prop
critics of the railroads.
Overtures for Peace.
Such is their fear for their W po.
litical hides that the organization men
in the House are now In a condition
where they desire to sue for peace and
have actually made ovcrtures to the
Independent Republicans.
These peace plans of the organiza'
ton only contemplate the elimination
of the personality of Cannon. The
men making them believe that If they
can assure the elimination of Mr.. Can
non, the Independents will cease to
continue the warfare.
1t Is understood that the overtures
were luuut w
of Massachusetts and that a counter
proposition was made on behalf Of the
Independent Republicans. This coun'
ter proposition. 1t Is claimed. con
tained these conditions:
Cannon must declare he must no
be a candidate for reelection to the
speakership.
The house must pass a resolution
declaring the speaker ineligible to
membership on the committee on
rules.
The house must amend the rules
so as to provide that hereafter all
committees shall be chosen by the
house and the appointing powers
shall be taken away absolutely from
the speaker.
Means Surrender on Rules.
II the organization accedes to the
conditions laid down by the lndepend
ents, It will mean a complete surren
der so far as the contest for the
amendment of the rules is concerned
The corollary to this amendment vii
be the appointment by the house of q
non. partisan commission for the In
yestigation of q scheme of parliamen
tary reform which will completely re
lieye the house Of representatives
from system domination.
II Is known that the organization
members of the house have beer
forced to seek peace because of thu
failure of the country to respond t.