Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1914-01-10

traiion because 81 its projected cur.
roncy legislatioug" W. asked
No Hank" Conspiracy
such talk b. absurd" was tho
quick reply. There D. no such thing.
Neither are banks calling loans. lock-
Ing up money and refusing to make
new loans Such a course would in
iure the banks. ON the other hand.
banks are taking care OF their custo-
mers az usual. and YOU may brand ali
this talk OF conspiracy us absolute
b0sh IN the mmc class goes much
~ the talk ~ TO opposition 20 the
regional bank plan. Such n system,
~ the currency measure finally en-
acts that feature. would work itself
! out Further. such banks would not
be- as some insist. fighting each
lother.' for al sections 81 our country
nre ~ closely united these days that
what benefits one section Invariably
extends ~ benefits to the others
4 ~ look To the opening of the Pan
anna Canal az factor which viii
tend to greatly relieve the big-ciiy
congestion 81 the present Nova
days immigrants don't seem 20 under
stand that the United States extends
to the Pacific ocean. but when the
canal b. opened they viii be carried
TO our Pacific coast cities. thus al
NeTting from New York city ana
North Atlantic ports They viii be
near the great farming territory Of
D the west. aud Il IN 90 bo hoped. win
turn 90 the land rather than 10 the
ovcr-crowded factory That IL bound
90 make Tor better conditions genor-
ally too.
! 81 believe" continued Mr. Harrl-
man. "that the railroads should be al
lowed 60 Increase their rates reason
ably. as they now are asking Such
course would stimulate buying by
these great corporations and such
buying would affect all business lines
The railroads have been forced 10 pay
Increased prices for supplies and 20
meet demands for wage advances
They can't do these things in the face
of rate cutting. Investors for that
very reason. are shylng at railroad
securities. they want securities that
viii yield them the promise Of big
dividends Permission for reason
able rate Increase would have q tro-
mcndous psychological effect. ~ we'll
as material result. IN the business
world.
Relieves In Rate Increase
~ think. too. that " the people
were properly educated they would
not be- opposed 10 such reasonable
inr fease one road already has
shown that what h gains In slightly
ADVANCING rates goes right back TO
the people In the shape Of the CON
struction uf new branch lines and the
hettoring Of transportation facilities;
while. on the other hand u rates are
cut the small saving that accrues to
nn individual shipper goes into his
pocket and does not benefit the COM
munlty az whole IN any way
~ am a firm believer In the plan
recently proposed by Mr. Scheftcl at
meeting ~ the Chamber ~ Com
merce--thc plan OF forming an as
sociation of security holders Such a
monster organization, " tt could bc
worked cut. would be factor OF final
potency In aiding the enactment of
legislation that would Doe sane and
beneficial legislation. hope the plan
viii cventuatc
~ the action ~ the Sew Haven Inil-
road In suspending IT, regular divi-
dend. % concluded Mr. Hartman The
action of the directors was unnni-
NOUS. which speaks Tor the utmos,
harmony between that body and
President Elliott Had such action
been taken some wears ago u probe
ably would not have been necessary
today Mr. Elliott j. trying 90 do
something to build up. 10 do what
Is right For that reason believe
every good citizen should support his
course and aid him Go the end which
h. seeks the settling right df the
roads AFFAIR." u q unfair ana unjust
10 attempt 20 criticize and hamper
this man who rs seeking to do his
honest best No sir fm not pcssl
uiist IN any way There h plenty ~
money and plenty of business. This
country - an right, certain conditions
VIII right themselves, ana believe. al
the bible SAYS that we now are due
Tor he promised seven TAT years"