Evening journal., 1914-09-25
INTEREST OF SAVING BANK
DEPOSITORS IN RAILROADS
B. F. Bush, of the Missouri Pacific Shows That They
Have $500, 900, 900 Invested in Railroad Secur.
lilies in This COunfrY---SaYs the Transporfa-
fon Lines Face the Greatest Crisis IN
Their History
ONLY HOPE FOR THEM IS HIGHER
RATES FOR SERVICE TO THE PUBLIC

B. F. Bush president Denver Rio Gande
railroads. addressing the Missouri Press Association at St.
LOUIS said II part;
I'VE history of Amer
by their fully comprehend the
profound difficulties which them With
subjected by Federal and State en-
amens by higher
supplies and continual not as
many may believe be afforded the desired relief by
business This repeatedly prosperous
periods where there is substantial increase in
@ gam more than wiped out by the increased While
situation adequate facilities to prop
ey and promptly conduct the greater
que " inadequate compensation for the transportation service performed
Both toward earnings
mpairs the credit of the railroads and
necessary capital provide the required facilities.
~The railroads private
freight compensatory
for the service rendered permit the
necessary for the bet
ter performance Of their functions this longer
Will Enthusiastically deterioration SERVICE neva
bly, react to the great injury Of industry peo-
land
moderate advance the rates as would anora the railroads the
desired would
modify the and in the last
people railway service which they have been
accustomed country
obtain higher standard of service to meet the exgenc
may commerce shall be naugu they should
willing only
right that the people who have sk their private build
the railroad industry which untold
ion should be
suit from the employment OF such private in less beneficial
pse The results show there few classes industry that yield
railroads
7vnfs regulate
roads believe the State should also protect them and that they
regulation With such protection State regulation would be stripped
its
people daily
Ing themselves the comforts and pleasures life in order to provide Or
after they Their thus effected
largely
panes policies
force and 9S the companies hold part Of their
ssOOOO railway securities These insurance companies have
pledged provide
fifteen One-haf billions of dollars.
of these companies in 1910 sSs4OOOOO and has
well said Of eminent economists This the ship
the hopes millions Of people, the question
people asking and which they have right to ask is "Is the ship
well give thought to question:
which generally supported by MIL
wagenng Glass; also large investors in railroad
curies report Comptroller Currency
depreciation Of these securities
were Nearly therefore, individually
ee impairment Of their value which In
the conditions governing Will be aught with the
most the Government
o powers the railways as there rested moral
obligation to protect them
Undoubtedly great opened many
that industrial machinery be maintained at the high
possible breakdown
fatal, indeed
make rates lodged the Interstate Commerce
with surveillance
securities than before the
today absolutely IN the hands OF e people as their VIII may be x
pressed awmakng bodies the people willing
living rates for the service they rendef they
of one kind and another
highly respected that those feowczens
have moneywho are our only reias ne present De so
This
there approximately four million bona nde
holders Of American railroad sues e present % any one can
it is to maintain public confidence these in
ut is very probable that long
ready the surplus capital
to replace the vast amount Of property
destroyed the likely
of the nearly five billion of American
the railroads needed additional capital
prove wheeon depends the prosperity Of
SHIP STICKS ON RIVER MUD