Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1914-01-22
SEES BIC SAVING
IN OWNERSHIP Of
RAIL WAY SYSTEMS
Senator Kenyon Submits to the
Senate Estimates Prepared
By Commissioner Cliff
fcrd 7ThoIdie of Iowa.
COST OF PRIVATE CONTROL
Americans Losing 5000, ,000,,
600 Annually, He Says
Recon- nends Bond Is
sue for Purchase.

W ~aiagloie u, q, jan. - wha,
h:lrcped 70 tl,s 40 kilolders of the
Mrs yla-k. N,aq ilaYen < Hartford
T5iiv,ey eomimny was l.'.id ", TO the
S"nat. loSteraaY lN senator Kenyon.
Of lowa. rs an a,slnent Tor govern
meo! ownarshir OF railroads The sem
:stor was speaking in support of the
Aiaska railway bin. Ia connection witk
with hi. contention with regard to the
proposed goNarnraent owned railroad In
the peuinsNia the senator presented
facts and figures. prepared by Com
missioner clifford Frhorne. of Iowa. in
support III government ownership OF
al the railroads.
Mr.. Therne's Estimates.
Ti. estimates OF Commissioners
Fhorn,. show
That the cost of private o@nershin
70 the American people is rnore than
s4oo. .eo0,0 600 annually.
That this ar,cunt could bc saved to
the American people by tho ISSUE of
per eeat government honda and by the
payment Of tho proceeds thereof for tho
railroads at their present market value,
That in addition to the aavino Of
$40o,oc0.C00 annually to the people there
also would be saved TO them an ae-
eumulated surplus Of more than ST.
00o. .0oo 900.
That the government. instead of ths
railroads would Gain future "unearned
increment" amounting to several hum
ered millions annually. This oai-, uu
to this timc has totaicd tho tidy !itt's
sun? Of several billions Of dollars. which
has gone into the nockets OF private IN
eiNiduals.
That frrther SAVINGS could bo Oh
tanned through the elimination of !lioF
saiaried offi-ials. publications in ter,
n,inai facilities and from tho suppress
sion sf stock manipulation.
|. That under government c.srershis
FREIGHT rates would be adjusted largely
on the baais of cost and not what the
traffic woG'e bear.
That the principlc of public safety
won!9 oontro' ander aovernmen,t own.
erslin. whereas the railroads hold il
cheaper to kill people than to establish
the necessary safeguards.
Question Of Great Importance.
'i,h. repnrt OF Mr., Thorne was pres
sentel by Senator Kenyon. because tho
iatiei believes the question of govern
n.enl ownership is one which is press
ing aipon the American people.
on this uncstion Mr.. kenyuns mind
is open. III, believes. however. that un-
less there should be co.nplsse govern
rne,t coDlrol and honest management
uf railroads. government ownership win
come
Mi a'horne begins Nj. report by say
inS!
'i'he government could iss;ie bonds
AND purchase the outstanding securi
ti,ss sif The railroads OF the United States
Il; prevailing market prices. and save
several hundreds of millions of dollars
eve,N wear,
Calls Fiaures Staggering.
Further nissils he declares:
.-tt -ytt IN, ffA
rail,ynNs il costing us more than $780,
900. 900 .lDni,a,lN
Commenting on this statement. he
s:,v.:
ts;urh figures are staggering. 1t is
hard Ia ep.nprehena their full meaning.
We cannot dn 10 except by cornpari
son The saving alone is mor- than the
entire customs revenue. or tariff of tho
United States government which has
been The bo5lr OF contention. in .trneri-
can p,litice ,iii,!ng the last century,
Continuing Ills comparison Mr.
1hornr SINS
NJ, could pay he Same taxes as are
p:tid todlN On railroad property we
could set aside the "a me sums for ad-
dtions aud httternents aud surplus.
and cave in thc amounts now paid III
dividends o;l stock and interest on
hordS alone, the neat sum of S25D. GEO.
eco easi in rourd Numbers, annually.
The E,t;natee Savinu.
srrti. ..,,,,n, .:.,,s wn3,id c,.i,,, us
ia .Ji,,,, IN ,pt adv, moss nav ae,ns.
:..k.a Tor ,fe r,s,n,zn rsi,rn.ds Is4a
100 Ne,tl To- he us,;-ts thay affirmation
l,,t+.y ,..,r..',.l,,d j,,..,. ehtas .,t,,
AM, i, .,n,iw the se,,,. nA,. cenf ar .,d.
vance 10 AN the ntb,, ,.,ilroads in the
,o,,,}t~, n,,akins l., al, ,lac 700 600, TO
lscc,, tb,. W., s,..,,. .,ftar x.ar ,,ar,,,,n-
emf. ava Ia I,,,. tian5 eo6 a., ,.st ly.s.,
evsI:v year To- aistrihYte in hishe,
=. 80 i,n., ,,a r.a ,.,,,,', AZ III
t,;. ,.;.,,on, an,. iYg,e,.,, ,zh,ra,,e, il,
fraioflt rot,. ,Ibie s,v;,,r i. sin,,,lv
hcn.si3.,. ~, s,,,,e,..,,nant,s ,s.di. is h4.t.
.., 49,, ~, ~ ,,,,,+a+a ,,araann"
Nh trhnrn1 Ma. made q thorol,pb in
yc4t;e..,;n,, of tna .,,,,,,,,st ya1,,e ns
A,,,,:.i,,.,,, -, ,il,a..l,. .,ri th ,.t,,aI ,,s.
;o tbt r,,bI,, he,.a,ise of rbei,. nriv,,tt.
t,u,n.rs,i;n. ~. csn,rn,rnd In pnvarnroent
,,.n.,sIs;r,
Vic has discNaacd tae matter with the