The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-28

way matters shall either hn concentrated
under one Administrative branch Of the Gov
orders OF Commissions, and awards OF A-h, :
iration Boards shall be r-rokIAzed by Raj.
OF wages. rates and other matters may con.
~, my. ,he "!tn,gat Workins 4 manifest Injustice
vested In their securities
y, The Increase In the total expenses for Rail
Operations was for the foregoing reasons ia
THAT the Net Revenue from Rat. Opera lions
decreased StSo.22s Notwithstanding the ir-
;o. Railroad and Equipment. "'''''s''
The Net Railway Operating Revenue. as a
thereto the iScfe..s IN RaiWsg en Ta sesa q;
nssi:S', n. Rs,iway Operating Income de.
pared with the previous year.
piv,dend Income increased due principally
holdings Of baltimore and Ohio Railroad
we're S' s.ss.n ssa nsisd . stocks
Nm rsietsnes Is hereaf,e, made: also to
Ing. OF Norfolk ana western a'I Ra ESay eS,a
pp anny securities, INCOME from sinking and
winch IS .spsnsa u M The nf fs ,Sss
months, Income was Included in this item
y lsis S"dsr he interstate Commerce
effective July !. 1919. while 1918 contains a
'uI I,,y year n, r income .,-
decrease Of iso2.sss compared with the
previous year due to the use OF an Increased
higher per diem rate chafsed therefor. '"'
Deductions for Lease Of Other Road. de-
,nss OF roads operated on that basis,
, msy IN me Cambria and clssIneld Rail
auIred BY your compsn ny, ~h'h 1t was a''
, The Gsc- Ne. i1e.ms 2Sr isIs wa. ,.lssosss.
s,o Seers @s;. OF ssssiai compared with isi2,
ne sinking and other Reserve Funds: Add.
i iins. aud settsrmspts we're provided Tor
paid. q, 5000 was Transferred 70 " the
ments aud '5so.dos credited to Profit and
In view Of the steady increase In .xpen,e.
taxes, and other necessary outlays which
mas caused continued decrease In the re-
Equipment provided for pubiic service 90
that the return Is inadequate, your Com
psny and other Ess,eTn Ra!lroads; in May.
commission TO grant permission to advance
freight rates on the basis OF i've per cent.
noations necessary TO preserve existing an
jeremiah relations between conmunlti er
iso for an increase In fsesht ' rates ,H %se !,
the Commission decided not TO grant but
upon the understanding ~ that ~ actual re.
OF the future proved incorrect. there nigh,
ns scum os Ss for asking further sonsidsrs
Instituted proceedings on Its own in,tiatiys
to determine whether the preseu. rates OF
what general course the carriers may pursue
10 meet the situation. In order 10 devotion
the Whole situation your Company has I'm
cooperation with other % rriers, submttte,,
extensive data relating TO the investment in
railroad ana equipment. earnings. cost o.
operation. Income. etc. Tor the last sixteen
years In addition TO which the officials o.
your Company are prepared 20 submit fur
hibits which Will emphasize the necessity for
your company to obtain higher rates The
Commission has also ordered the carriers "a
furnish extensive Information relating 10
various features OF operation and tranio and
the relation OF the carriers and lis en-.
ployes and officials with respect to con
tracts for purchase OF material and other
ing made TO this request while there 4,
no objection TO furnishing tho additional In.
formation desired. beyond the great dels,
and expense involved. tho serious aspect OF
tho situation a. the present time i.. thai
no immediate decision mao be expected I,
all the features involved In the Commits
eion's inquiries are 30 be considered anc
determined before action Is taken upon III,