New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-13
Questions About Dividends.


How many hundred millions Of the
dividend paying stock OF the properties
involved are owned by other railway
companies for purposes Of control in
stead Of being owned by individual
stockholders?
What proportion Of the profits OF
the operation of th-se systems returns
directly into the Golfers Of these same
companies. and what proportion goes
into the hands Of the individuals?
THE S3S.OOO.OO0 Baltimore & Ohio
stock now being exchanged by the
PENNSYLVANIA for Southern Pacific, held
by Union Pacific. furnishes a fair ex-
ample Of interholdings. To whom are
the dividends earned by the Lake
shore e. Michigan Southern and the
Michigan Central paid? is ii 20 the in
dividual stockholders or is II TO the
New York Central Railway Company?
AS members Of the public, what pro-
portion Of the public is composed of
railway stockholders and what proper
ton Is railway employees?
Are the managers committee de-
voted adherents to the theory that
charity begins at home'?'
The statement was signed by \. 3.
Garretson and W. G. Lee. presidents
respectively, of the conductors and
trainmen's organizations.
Mr.. Garretson and Mr. Lee refused 10
add 10 this statement. Asked IL the
railroad men would send representa-
tives 70 Washington, as suggested by
Mr.. Low. he said:
we will not send formally appointed
representatives TO the White House
conference, but we will be represented
there by w. s. Stone. grand chief Of the
Brotherhood Of Locomotive Engineers
and W. s. Carter grand chief OF the
brotherhood Of Locomotive Firemen
and Engineers"
will not the passage Of the New
lands bill mean arbitration he was
asked.
THAT depends" he answered.
But the railroads have Endorsed this
measure" put in one Of his hearers.
They may have indorsed," he re-
pIied so have We. But whether OF
not the railroads consider themselves
bound by their Endorsements l do not
<now'
Helped 10 Extend Erdman Act.
Both Mr.. Garretson and Mr.. Lee were
on the committee that extended the
provisions in the Erdman mediation
act. contained in the Newlands bill. SO
we're Mr. Low. Mr.. Marks and Mr.. Eas-
loy. as we'll as Grand Chiefs stone and
carter, who will represent the railroad
men al the White House conference.
Others on the committee were;
W. G.. Brown, president Of the New
York Central lines; Martin 4. Knapp
Judge Of the United States Commerce
rourt: Robert 5. Lovett president Of
the Union Pacific Railroad; Darius
Miller. president Of the Chicago, Bur
Nngton & Quincy Railroad. Charles p.
NELL. former Commissioner Of the Blu
rcau Of Labor Statistics. United states
Department of Labor; II. b. Perham.
president Of the order Of Railway
photographers; Samuel Rca, president
Of the Pennsylvania Railroad; Frank
Trumbuu, chairman of the board of
directors Of the Chesapeake & Ohio
Railroad. Charles a. Wickersham
president Of the Atlanta & West Point
Railroad, and Daniel Willard. president
of the Baltimore & Ohio Railroad
There was a rumor yesterday that
some OF the Eastern lines were pre-
pairing for possible strike and were
hiring strike breakers. No confrma-
ton or denial OF this was forthcoming
from the railroads yesterday. One
prominent strike breaker who handles
such work for two biz roads said that
he had not been asked for any men as
yet.
wAshingtor, July 12-Secretary Of
,fryht