The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-04-10
SHIPPERS
MOVE To
UPHOLD ROADS
FEAR OF FINANCIAL DISAS-
TER WARNS AGAINST REV
ENUE CURTAILMENT

New York. April l0-A movement
in the interest of shippers for the
strengthening Of tAe market for rail
way securities issued for increased
facilities has been undertaken by
the chamber of commerce OF the
state OF New York which a third OF
century ago. representing ship
pers. bore large part in the aggres'
siye campaign for reform Of railroad
determinations and abuses resulting
in the creation OF the interstate
commerce commission. a Barton
Hepburn VINO was a central figure in
the agitation for railway regulation
al tAat time. held the gavcl as pres.
ident al the meeting when the pres
cnt action was taken
The demand for cheaper trans
portation may be pressed to. / point
where it means national disaster"
declared cOUmittee report pre-
scented by Samuel W. farchIld on
which the action WAS basoG. The
cowuttec having reciied the vast
sums ot money which will he nee
essary TO provide adequate railway
service asks hoy investors are 10 he
induced to put lhoir say nEs into
these new securities, aud says that
the answer depends upon whether
tho future altitude Df the American
people toward the railroads is to he
that of hostility or of cooperation.
At present the report continues,
tdat attitu'c may he fairly descrih-
Cd as folods.
I A demand for Increased ser
vice. better equipment new termin
als, faster transpOrtati N. more eX-
pensNe provision for insuring safety
2 \ demand fot higher compcn-
sation for labor
"3 demand fCr cheaper rates
OF carriage for hoth passengers ana
freight
Danger Of Gripping Commerce.
# this public pressure j. co1tln
ued. the credit Of the railrtads aud
their ability TO market their 8ecul
tiles will Tie Impaired and the com
merce Of be nation crirplcu The
time has arrived whou ttrr business
interests Of the country should rally
ia he support Of the railroads.
Past abuses lave been removed
Needed reforms hive been instituted |
The principle Of government regula !
ton has been established. The rule
OF Justice between individuals and
communities and sections is being
more and more enforced. Labor has +,
been more literally remune ated ana |,
protected Many improvements and /
economies in service have been in
u0duced one thing more is need
tuI namely a larger recognition OF I
tae rigut Of railroad capital to an
adequate reward This problem con. /
Germs the 81 ippers even more tnan /
the railroads, for they would be the /
chief sufferers from inability Of the /
railroads TO increase their fachl- (
ties.
The following resolution was unan- |
imOuslr adopted at meeting which /
taxed the capacity OF tAe chamber: /
Against CurtaiIing Railway Revenues (
The chamber of commerce of the |
state OF New York. in the interest (
OF shippers and OF the Well being OF [
the country as a whole. urges upon /
the interstate commerce commission
and all state railway commissions the
Importance FIR the future. Of so
We Ching and con idering
he effect to be produced vJon tae
railways In the making OF any nee
'ssary adjustments OF freight rates,
hat the same may be accomplished
without further curt ling tho total
-eyeuuc Of the railways, upon which
heir borrowing credit epends. bear
ng in mind, as stated by the rail
Dad securities commission. tnat a
'easouoblC rcturr is one which I'm.
Ter honest accounting 9nd resp0r5i-
'le management. will attract me
mount OF investors money needed
or the development of our railroad
ABILITIES and also bearing in mind
hat the de, elopnunt and prosperitv
If the railroads means development
md prosperity Of the country"