Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1910-12-21
NEW LIGHT UPON
THE RAILROAD
PROBLEM
Chairman Knapp Thinks
Computation Is
Unwise
Favors Legal Sanction
Of Cooperative
Policy
WASHINGTON %. C. Dee. I,

lsterstate Commerce Commission, has
Just completed for the public Q care.
fsi statement covering the grouad
urss which the Interstate Commerce
Cennission works In making freight
rates.
A. the nesting Of the Railway
business Association In New York,
Novsmb>: 22nd, Mr. Knapp addressed
the body and ., that time was SEX.
"a "a prepare q statement for the
education 81 the public. Nr. Knspp's
statement follows
"The question 81 railway rates,
that 10 to any, Of railway revenues,
isvolyes vastly more than the d..
rec, interest Of shippers OF share
holders. In very real sense, In .
sense which IL fortunately coming 10
he better understood, II 10 q srea,
question Of national policy, second "a
none In i,s economic importance
That the puls@tion Of compositions
smong the carriers 10 an aswiss and
mistaken policy. I an persuaded. II
IL out of the question 20 have the
presence % composition and the alb
sesee % discrimination. Just 90
log ne competition between carriers
10 nnrestrained, just 90 long will u
result In polieies which are danger.
COS. for to compete 10 20 diserimis.
ste. II 10 . IaliAsy 10 condemn die.
elimination and NJ the sane time 10
,nsist upon the very policy which pro
notes u. For this reason ! sdvo.
rate the legal sanction % cooper.
stivs action between railway. regard.
ing rates.
"speatins only for myself, and
without reference 10 the pending con.
iroveny over rate sdvssees or any
other eoncr.'e instance, I suggest
taree aspects 81 this question which
sse Of Immediate and intense pub.
lie concern. II our country 10 to
grew and prosper NJ II ought, u its
ostold resources are TO be developed
ssd ts swelling numbers fad pro
htsbIe employment. We need and
must have railway earnings SUFFICIENT
fes three tbIsr;
''rirst. . return % railway invest.
~ssts 81 such smoost sad 90 we'll
assured 40 10 attract and secure the
necessary espitai-as enormous sun
IN the sgaresats Improve ssIst.
Ia roads ssd to eoastruet without
delay Thousands Of miles Of new Iinss
10 fruitful distvssts SOW dsssissss Of
ssy means al sssnspertstion. II IL
. mailer Of eeanss knowledge that
Ne ouspni af sssssr fer the fiscal
ysar 1907 exceeded our entire carry
ins espsei,y on land snd water.
with the rapid Increase % popais
ton snd of productive efficiency.
that i.. With q greater army ~ worn
ere aud better Industrial organiss.
ton. the volume Of that year osgat
10 be and will he nearly doubled In
another decade, II only W. can pro
vide for i,s rromp, and proper dis.
trIbution. And whsa ws think ~ the
rich regions W, unopened because al.
served. when We recall. for example,
that there 10 today In the old state
81 Maine = section larger than the
waolc ~ Massachusetts, in whiea
there ~ not o rod % railway. must
~s No, he Impressed With a reaiiSa.
ton ~ pressing need and " hound
leo. opportunity. Since !, !, our ma
,onsl policy and long will be, !
trust 10 RELY npcs private capital
aud private ehserpris. to provide
thssr etest highways Of commerce,
TO improve aud multiply them In
pace with our requirements. mus, We
not in the larger public iatercst,
whatever may he thoaght by this
or that shipper, make the business
~ furnishing railway transportation,
which shall be mp 10 the best stand
ard Of efficiency, convenience and
safety. ~ desirable TO the investor
that the necessary funds for better.
men,s and extensions will he forth
coming and 80 attractive ss q voea.
ton. that the highest ability will be
employed In It's management Other.
wise. II uuhsppily this 10 not doss,