The Washington herald., 1913-03-04
GENERAL REMARKS

Tie Income Statement IS Ia thc form ?. s-r.bsd
| by IN" Interstate Conm,rc. CommisAoa eree.ir,
July II. Ig1. which rSluire. the statement O.!
detail a. Il a. s,.axnr the ree,ir.s ard di.,s:rs
| meuts % CERTAIN sccDInt- The Company Is tu.
tho required t" ircl-ir the Income derived :,
SHAKING md chr Reserve Fund. ~ rlrt &. II.
lrcumr: b.t a. II is net Permitted 20 cha-zr a.
psyn-nt iat.st.t on ANY part q: its ',o,.I. vn..:
may te be,i in any o: Tie Sinking ~ Trust Fuld.
-'eh interest on hnnd' 20 hold Cannot b- iac!ui,i
in SD Incnme. While th>- sero!n:ins casz.-
rssllt. thore:Orc. IN arTrrrE:!r sweEaS the Ne:
lucoIre o. re Conpna~ 30 n. cxte1t q So n q
! -r' !: il of<t br c"rrcsr.ndrs necessry sry-o
pE!.'i"Ls :" these ft.ri- oU. g. 'z-1lr, vHi-.
az ,I-ofris:.,nS formerly included in a2cd
chsr.c-
! Tii:' s'A:enea' shows thl. tie tD:s' Rail Up,rs.
! ing Revenues H7tsT.;SZ t.e l.rsrs. il
! tfhr htstcr- c: me '0rnI"-. ln iacrr,7e .:
| 81 .l2' lsj@~. or ,0S' c"n-ar.i sith 1871.
The increased e-pr,ss trarc resulted in a srr.t.I
Eross rr,U:a "a :h- CorpADv. III future ef.c' o:
the nrr-' ilIs; ~-i-.Sr -.'eGg- cEa=n: -! IL
d., ,rIrir d. a- j. il Eru-2 wha, c-rIt -. cars.
in rNprs rate ot red h The Ir;efsta'c Commerce
Commission. III his" '!Nn the receiTsl ;r..r
the Eyprr.s C~Tp.ny ofs -rt!nG ling.
! II the 'Tar.roT-s'nn cf rri."d STATE. Mails tae
! raT, aur- sh"T d .rrra- l,tio:sa tnc ,I,rn, %
7
cr-s and TT Is toagrsN -i"Eal irycstig ton G:
M -rbjcc: d: .A- U-eseut time. I. is hon-L T. at
after Dr.. nders.ion e given 20 :he v.iu. Of ta.,
s"-ricr ani 10 th- -ceial facilities il require
m'nc.atir, rs:es vi" Ia Nd.
, Rail Operating Ex.r1S~ ar 40 the largest IN
the listo- Q. IKE tIrcaIv siraiCg an iEcrear 0.
81. tce55,.I. C. rs-. rsrs-i ni1c pa,:r By ~ IN
erased trdrc. which r,c-ss.' ,tcd only grc@
oIta's To- transportation expenses. 10: also fo- re-
pairs and T.newa'' Of roIt,,ed bridges. and build
ing. .ignals ard intsrincSrs aai o.ncT tens
W.. h add 10 the .sfct- I'D comfort Of III. Is:
and rrrGy.s a tie road: vel, a for r-psirs ard
Ecucxs's C equipment and Increased charges ia;
! pcp-cciitiul.
| Th- C1ususs- further increased bv TIC severe
weather IN Is,usrv ard Fch-rs-. :a.2 and they as
refec, increases caused b. higher wages: op-=u
tiua OF .hc Extra Train Grew Law: Increased co>t
FIVE! and other Ina.rIi--. and improved Standard Of
,ract ard ot.'.r Construction TO meet tIc require
ncntS Of lss-icr rolling stock
N the v,Er qiCS;oas that during the I&'.
year ri.,I tIr Engi- cnsn ard FITrH:n the Is.l
rrsds IN tIr Eastern Distrc. Of tire United State
rcp-,Sc. I'd bv Their Respective Brothcrhncd,. gen
ernl strike sEertel in the nf the Engineer
| H. the appointment Of a sTectsl Board G: Arbitrs
ton consisting CT scrcn members. "7e selected by
the Iai'rnad ccmpaaics. ore h. :hs ET"therhoCd a.
Locomotive Engineers. and the Other i've appoint d
by the Ci'-f Ir~tir- oi the supreme Co,r of the
United States. the Presiding Judg- nf the Conncrc
Cour; and rhe United States Conmisioncr Of Labor.
collectively.
This Arbitration Board was constituted sft.r
ATTEMPTS had failed 70 cttc :.e difficult through
n,rdiaticn under The Errirrsn Ar. and because
the partic@ in tn, controversy. while arecing To
the rinCipic of arbitration. would TO: accept arbi-
tration urdrT the r7orisons Of that Act.
In the difficulties OF the present yca- with the
Fircafcn. rcJrcsu:ed b. the Bro.hcThond cf incH
motive Fircn:cn. strike avc-t"d b. .the rail
road c1npar;es agreeing 10 Sihnit TO arbitration
rndcr the rrrsiliore o: ti'c Eriuian Act. which
they did not believe to he satisfsco~-. tIIt Sc
Ccr.rd rather .fsn iInnr-s tire Count. the
! railrnads and the eirr,ug-s the lamen;atlc col-
Of A general s.nxC involving Atsv
railroads. having o~c- 9 PEI cent Of the milergr
and nearly re- cent N the tnta! Orrratine
Icrcn,es and Operating Exrenscs o. all the rail-
ruads in the Cnitcd Sia.e-.
Considering the magnitude of the interests IN
this Country and thosr C",nsrics with which it
has cdnmercial -c:a:ions that wo7i.d he affected
tv the ntc5-Ir.irl Of railruaI trafic. and the
serious recruits thst would thc-rfrcm; the
<toITage Of food snrplie- fuel and other trafhc.
the inconvenience. ln-ses and SihennS TO thc
general I=Ih,ic Whose interest il paramount. and
TO the worker, in other industries derrndcnt a
reliable transIo1ntion srr1tce ind in TO way
responsible fc: railway disputes and the failure
of strike to prnsiacr permanent advantages
10 either TIE employees and thc;- families or TO the
slsuild Ic given to the recommendations for the
amendment Of tho Erdnian Act. which have h-cn
made nom many sources interested in the well
being ot the Country.
Tho eIrcritnce arising from these larger wage
controversies places a s-ro;a rspnn shility uron
those who-n dutv il is To enact r-nrr- lsx.sation
governing the reiatrns between empidSe ana en-
rioyt. to conEdcr whether the ErsirIar ACT should
not b. amondrl to increase the Iunh.r ri arbtrators
and thereby 70 inc7casc the nUmbrr k srbitratorS
properly the public a wrll the parties
to the controversy. and To direct the recrsxary far
rnac',na investigations and fyliy share the respnn-
sibty Of an impartial determination Of the edrita-
bls and oconomc questions arising from such dis
pItcs. II will also be fo,rri necessa- to provide
iorg-r time than thirty day. specified in tie act
fo the consideration Of tn: sib:cct End the render
ing n decision.
Il may 10, be possible to rrevert strikes or loci-
o,,ts by requiring compulsory arbitration. hut IL is
uise to consic- whether Obligation should not b
xiaced upon the emrioTf and cmpscye b advise the