The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-01-13
STREET AWAITS
COURT DECISION
MINNESOTA RATE CASE HAVING
xwHrovs EFFECT IRON THE
STOCK MARKET.
IL
USUAL TARIFF FARCE
HIGH COST OF LIVING IA ONLY
rETJSH AND THE PUBLIC ~
saNFt ~EED OVER n0L~
LAR VALUE.

NEW YORK. Gan. Ia.--Rallroad tn
terests look forward 70 a possible de-
Gssion by the supreme court tonor-
rev in the Minnesota rate cases, with
very much the &amc feeling that an
innocent bans cashier, accused Of em-
saezzgement awaits a verdict after
trial based entirely upon ctrcuEnstau-
,Assai evidence dug 3p from the admin
sstran6n vi his pteoes essors He
railroads sgaU4 RC,us.a or prosperity
aho tine au.sLIuu before tHe court ~
tDld fuev steal q. or Giu they earn
stg't III ii Nas stat"u the men 30 o4a
the stealing ara eAf gene, ter the3 be
snngeu to n etnepaetea R3At is passed
Present fY9An4he3uent af The railroads
liz honest ana earc,ent. and Is design
ed tor the best Interests IF the WhoIe
sacountry. ITN ate gvatlnS mas beeh
xtopped. and the ratlTuads are truly
puniie Institutions.
Eut lhe awtNard sostura Of the
situation il, that whale It is ad~
naitteo the original promoters oi many
companies got millions chat they were
not emitted 10, the Won0ertui pros
perItv of the country has brought the
actual valce If tae railroads to a figure
TAR above the security issues in pfac-
ideally every company. The securi~
ties are no.v in the hands of persona
who bought them on the theory that
the companies owned the property in
their possession. aud were entitled 70
earn fair income on its value.
Court Must Decide.
The court la to decide whether the
public has made q mistake in buying
court has decided that the public Ia
entitled to it's Income, and all past de-
cisions Of the Supreme court confirm
4hat view However. in view Of the
1 country, nothing but an actual decision
will satisfy the security holders, Ihere
Ia no assurance that the decision Wan
be rendered tomorrow, but II is long
overdue.
Another matter that may he decid-
ed this week liz the segregation oE
the Southern Pacific by tho Union
] Pacific. The plan uow under consio-
I Grafton ana favored by all parties, IL
O. sale OF Central Pacific TO the Union
Pacific, payment being made Ia South
ern pacific stock which the southern
Pacific company. an receipt, would
h cancel The remainder of the south
ern Pacific stock left la the hands OF
L linton Pacific would be distributed 20
qste Shareholders, 1T sold TO "a syndicate
mo syndicate has yet been organized
Il Organization OF such q syndicate
however, would be matter OF only 6
few hours, SO that the neglect to or
game one is net IA matter Of, any In
portance.
Usual TariH Reform Farce.
III Tariff revision In viewed with alarm
n by most people. but 1t must not be
n forgotten that the South has become
the hulwnrl Of protection. With the
new president coming from the South
and the leader OF the house hail!ng
from that section, and with the man
Il ugacturers of cotton goods In the South
4 sust tasteine the delights of protective
\ taria, congress will have a hard job
in reducing any tariff materially. In
/ order 10 protect the tariff on Southern
1 manufactures the Southern congress
men will have to make concessions to
{ other sections of the country.
Tartff reform promises TO bs the
usual farce. However, this H. no great
matter for America has prospered un~
der high tariff, ami the tariff In only
one Of the many causes Of high coet of
living. if, indeed. the cost of living
really be high
No High Cost Living.
The alleged high cost Of living Is
\ being carefully Investigated In a
scientific manner now, ard after the
Democrats get tired trying to reduce
II by ieEis3atfaE. IL may be that he
public Will wake up TO the fact that
1t Is all myth. The thing that Is
confusing people Is the fact that more
dollars are being expended for food
and Injuries than formerly, They
rsT-rTu-Tr- tft7re A71ifeF--stsaes
not worth Sc much, and. as a matter
OF fact the cost IF living is no higher
ahan il was ten years ago.
II anything will reduce the cost Of
living, the parcels post ought to make
some impression on tt. The express
companies have long endured d mo-
nop9iy OF carrying small packages In
thie country. The small package lis &
nuisance to th* express company and
! practically No profit has been derived
from handling IL The express COM
1 panles are ss pleased with ths parcels
post Is Is the general public. 1t will
give the public its opportunity 10 get
peculiar parcels tV mail. and eggs
will NOT be the only things scrambled
In the hands of the letter carriers.
The express companies. by being re-
iieved Of this multitude OF small hus-
iness on which the profit ls triding.
j. will he able te devote their energies
TO the ssQ5siantIal Packages, and
Il sEea$@g,~ @1ii ieG6 j., WIFI he. dsx etoped
at aIuug inc Tsie At fret blush, Il
may seem paradotical "a say that the
parcels post increases the value Of ex-
press company stocks. bat such ~ un~
doubtediy the fact. as calm consid-
GRAFTON will convince any business
man.
Money Not YET Easy.
Although money has been reduced
.@xsp& aE sr