The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-10-20
ERON OTHER PENS
THE COLD STATISTICS.

Another case of the financial sta
tistics dealing cruelty with a stock
railroad representation appeared last
week. Even before the vogue of the
doctrine that the railroads must be
permitted to raise their rates in order
to rescue them from the embarfass-
ments of the largest revenues they
ever had it was dogmatized in the
strongest terms that they must be let
alone in order to enable them to fulfill
their duty of transportation.
They had got to make extensions
and improvements to meet the de-
mands for transportation. For this J..
j. Hill declared in one year that $3.50,
600, 900 would be needed annually, but
later he doubled the presumptiVe ante.
But it was also declared that investors
would not take the corporate stocks
ana bonds if newspapers kept on eri-
ticiSing. Congress continued to enact
regulations, and the administration
persisted in prosecuting violations Of
the law.
Last week the New York journal of
Commerce published a table of the is
sues of railroad stocks and bonds dur
ing the first nine months of 1910. 1t
shows total of $765,173,000 or at the
rate of over $1,000, 100000 for the
year. In other words, while the rail-
road magnates have been declaring 1T
TO De Impossible IOT IHGHl 10 get the
money for extensions and betterme nts
they have been getting it very nearly
| to the limit which the leading ex-
ponent of this dogma asserted to be
necessary.
The view is advanced to break the
force of this showing that the issues of
the securities were mainly in the early
part of the year, but that now they
| cannot be floated- 1t would not be
strange If that were the case. When
| fn1d nv such
magnates as Hill, Ripley and Browne
that they ought to be afraid of railroad
securities It is natural for them to get
eautious.-Pittsburg Dispatch.
EFFICIENCY OF DEMOCRACY.
In the United states or in any de-
mocracy the criminal is one of us. The
hereditary throne, court and aristoc-
racy, constituting the ruling classes;
! look down upon him and keep him
down, Just as IT does the paupef and
laborer; but with us, we are on a level
keel. 1t is not q problem of the rul-
ing classes governing their interiors
with wisdom, firnneSs and forbear-
auce. as it is in Europe; but it is a
problem of all of us-rich and poor,
criminal and pauper, capitalist and
! laborer, anarchist and university presl-
dent-getting along with each other,
prescribing rules by majority vote for
| our own universal conduct, conserving
the rewards of the efficient, tempering
! adverse winds TO the unsuccessful,
| training the unframed, teaching the
unIearned, repr essing the vicious, be-
slowing necessary powers upon the
| central government, yet preserving to
| the individual ana to local authority
their liberties and pferogatives, fore
| Tending the foes from without and
within by which other republics have
ifgone down.
" an inspiring thought! Curing crime,
| by showing the outlaw that society is
not his vindictive enemy, as in the
old days of torture and solitary con-
finement, but his companion and
| friend. teaching him self-respect, self
control, manners and a trade. Curing
poverty, by affording the hopeless
poor an equal opportunity in the bat
! tie of 1ife.-Indianapolis Star.