New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-04
GENERAL REMARKS.

The Income Statement IL IN the form pre-
SERTED by the Interstate Commerce Com
mission. effective July lst, lnl:, when re
quir-s tho statement Of certain parts 81 IN.
Income Statement In greater detail. as well
as showing the receipts and disbursement
% certain accounts Tho Company ~ fur,
thor required 10 include Tho Income derIv.a
by sinking ana other Reserve Funds a. par
Of its Income; but as ~ Is not permitted 20
charge as II payment interest on any par
4 OF rs bonds which may be held IN any OF the
bonds 80 held cannot be included In sale
Income While these accounting chsnses re.
suit. therefore. ia apparently swelling the
Net Income % ,ho company 20 the exien'
~ S7s1 $50 10 yet {, "a Offset by corresponding
necessary appropriations 10 these funds ou'
81 ne, Income. which appropriations were
formerly included IN fixed charges.
This Statement shows that the total Raj
/ Operating Revenues we're slI+OoI 5ss =, the
iarses, IN the history OF the COMPANY. m
increase O, ST.. -. 1882. or 1oSI's as COM
pared with 1911.
The Increased express traffic resulted in q
greater gross return 20 the company. ms
future effect OF III. parcel post on express
/ revenue cannot as yet 10 Determined. nor y
IL known what effect tho change IN express
rates ordered by the Interstate commerce
Commission. will have upon the rcvenu" re
ctived from the Express Company operating
over your lines.
In the transportation ~ United state
Malls the revenues show a decrease. although
the volume OF the traf'ic increased. the rates
are fixed By Congress. and there IL Con
gressional investigation OF the subject at the
present time. II 10 hoped that. after du'
, corRidore ton Is given 10 IN" value OF thls
service and 90 the special facilities " re-
quires. remunera,ive rates Will be paid
Rail Operating Expenses are also the lars-
an 10 inc ,e '' Of sis. 400 55i56 or Iistce
caused principally by the increased tram
which necesslfated not only greater outlAys
Tor transportation expenses. but also for re,
pnir. ana renew ais OF roadbed. bridges. and
bulldingf, signals ana interviewing ana foi
other items which add 10 the SAFETY snd
comfort Of the patrons nnd mpIoyes o, u ~.
cGu!pnnen:. and Increased charges for De
probation.
Tho expenses we're further increased by th'
severe weather IN January and February. lol.,
md thev also reflect Increases caused by higher
wages: the operation OF the Extra Tran Gre"
Law. increased cost OF fuel snd oth~r ma
terials and improved standards OF track anu
other construction 10 meet the requirements OF
heavier rolling stock. =,
In the wage questions that arose during the
| past wear with IN. EnFircmen and fircncn on
The railroads In the Eastern Distrlct OF IN"
United states. represented 10y thsir respectlF"
Brotherhoods a general strike was hNefttd III
the case OF ih. Engineers hy the appointment
| Of a srecial Board Of Arbitration. consisting oi
seven members one selected by the railroad
companies one by the Brotherhood OF locomo-
tive Engineers and the other I'VE appointed uv
IN. Chief Justice OF the supreme Court or the
United states. the Presiding Judge OF the COM
| merce Court and the United states Cofnhhs
sion.r OF Labor, collectively! ,.-., ~
This Arbitration Board was constituted after
attempts had failed 10 settle III" difficulty
through mediation under the Erdman ACT. ana
because the parties IN the c,,oa,ir,y' ,n',II
not accept arbitration under the provisions OF
that Act. . -. ..,,,,
In the difficulties Of the present year VIZ u,
the rirrrnen Represented by the brotherhood o'
iocomotii. Fir-msn. strike was aVrrtel ~
the railroad companies agreeing TO submit 20
arbitration under the PROVISIONS OF ,he Eiu'.a''
az mot
factory but accepted rather than iIVnte on
the Country. the railroads and the employees
the lamen,abie consequences o' gencra t
strike involving over hfty railroads having
over a.cc OF the mileage and nearly <o'o OF inc
total Operating Revenues and Operating Tx
penses or all the railroads IN the Lhi,.n o.s. =.
CONSIDER ring the magnitude OF the interests IN
this Country and those Countries with which ~
has commercial relations mat would DE hIisV.sn
by the interruption OF railroad ram anu We
serious results that would ensuo therefrom; inc
s,onnare OF food supplies. fuel and othei
traffic the inconvenience. losses ana suiefins
20 the general public whose interest ~ pnra
mount and 10 the workers IN other Industries
denenten' on "A reliable transportation service
and In no way Responsible FOR railway dis-
putes and the failure Of strikes - prodnce any
nermanent advantages To either the enpi"yes
snd ,hnir families OF 10 the transportation
companies careful consideration should pe
given to the recommendations Tor thc shsha
ment OF the Erdman Act. which have been
made from go many sources Interested III thr
yellbeing OF the Country. ~
The experience arising from these laise'
W. 20 controversies places a serious RESPONSE
bili,v upon those whose duty II ~ To enact
proper legislation governing the relations be
tween employer aud enploye. TO cohslIef
whether the Erdman Act should not De
amended to increase the NUMBER OF arpi
traitors and thereby constitute BOARD OF
suficIcnt size to properly represent the puzzle
as well as the parties to the CONTROVERSY anu
/ 20 direct the necessary far-reachlnR inNesti,,
cations and fully share the responsiDility OF
an Impartial determination OF the eoutaoie
.nd economic questions arising from such
I disputes II will also he found necessary 70
nroyide a longer time than thirty days speci-
ned In the Act for the consideration OF the
subject and the rendering ~ decision.
II may not be possible TO prevent strikes
mr. lockotIts by requiring compulsory aroitra-
| tim but IL In wise 70 consider whcther Al
oblIga ton should not he placed upon the r'''-
nlovrr and rmpioye to advise the authorities
Of the questions at issue before any lockouts
or strikes can become effective. so that by
due publication and inquiry the Government
and lie public may he fully informed OF the
extent OF tho controversy and Its causes
The net revenue OF rail operations shows
an increase OF 3.i10. 63o.vt
Taxep continue 20 increase, the charges FOR
Tho nrtscnt YEAR exceeding those Of the pre-
vious year by e332. 6S9.2s.
Til. tonnage for the year increased li.52's