Corpus Christi caller and daily herald. [volume] (Corpus Christi, Tex.) 1911-1917, 1914-11-18
THE YOAKUN PLAN OF GOVERNMENT
COPARTNfRSH|P IN OPERATION OF
THE RAILROADS OF THE COUNTRY

times the interest On the government
railroad bond exchanged for ihe Drtf"nt
underlying bonds These DeN bonds
should BE- fiFst lien on thc property
All junior mortgage bonds and the
stock would be subject 90 these Now
bonds. on which the government would
sot be- Responsible but wolil under
equitable terms 20 be- agreed npon.
share 10 the profits with the stsch-
holders AZ rough estimate. lu the
courae ~ few gcafs one bali ~ the
present underlying bonds. ~ about 3
HILTON dollars would hc exchanged uf
refunded into tower interest bond
a large proportion 0i ih"r" old bonds
bear per cent ana per cent. npj d
Few per cont interest therefore un
dor w. proposed synirm there would
eventually be- sowing tp the railroads
~ approximately 100 million dollars q
yfar boz luirf.u alone. This ia un the
assumption thli Nueh government
railroad h0rd being FIRST Icl. would
hr nH attractive 200 nHukDm aud in
.sHinr na ihe prrHrni per cent fHf
eminent l'HHnua tlnn uundf 40 in
ihla was thr railroads 0t thp ruuutfl
can HANe 200 million dollars year Boz
the item of interest under mi rHil
mate IL would insure rhe government
receiving Ha lta share under the pro.
posed -W1incrHhip Hfrtnlcneni
rrobahly from 10 To- go million dollars
srnr
have mo- gGuenmlHbnofH about gov
rrumcnt owncrnhip uf railroads. u m
merely question " what b. ihc hoHi
thing 10 arrive nj solution that
win give the best aud most economic
ssr1i,e. and establish the most profit
able and satisfactory relations between
tho public and the railroads feel
confident that the OWNERS of uilrcuas
would he willing Go Hoii 90 tho rnF-
efhmont nf rcnauuahia price nuf
oven Ho the government win he rclur
tnui io undertake. lho hnHurHa oft np
cfaiirr properties whose fcfruuca ave
about three times the prcarnt Income
ct tho government tnrnush taxation
fns0r ga use ~ the government
proposed SHARE of railroad profits or
the upkncp of country fnHda Under
rproiai fodrrni charters iho peoplcu
SHARE could be deposited withr rrous
uror 81 tie ruliod stnios mid Through
him distributed to the Fttt"H in rro
potlion to tho miicstr uf thr railroad
ia ,aib stnte for ths n,0ern I'D fhn
ee,npn rs.dr Tho ruternuout could
not cNpond liH rhatc 0t ihr uf0nH
,ytth pr.at,r ben.fit tn IA, p,iiilc ea
,,ci,lt. an. f,rming lnterests favor
s,eh a ni,n hecptne al h. simpie. and
.,.,,tlg.a a., toV.4tu,ani hy thD e,,Vrtn
ment
IT, rcmarAame degree the diu
,,o,ts 49,. ,,Aio, ths ulaee nf aterl RAM
1870, A.. r,..,..,, ~ th,it ltnnf,.ntnr
anal ,atld ,xtenslnn INTO lfn,lnr and
,,i,i,,. ,ustrl.ts he,etofsfe unntall.
'.tt. ..o account ,f Ut,t,,ss,fl. ro,as
,t.,,. ,,...fll,.,. Ia, ,,,p. ,,s,... fse uf.o.
ak. Ill. .,..i,.,tl., az .ho.. l..Irt
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IN. .....,.... ..,., A., tp,or,,. nt.nlt.
r,,.,.t. 4, .h,,,t IA ooo men n,lr ln th.
,,t,ial. ,s..t r,n,, a. oao e., IA ,oo ps,
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,,., ,...,.. 40, ...,.,, .st,t.. IL si,,n ni
teen -. tc.o n.r rain. hal thr s,ntrol
80 .hn,, ssoo me-, mi,, an. tots
,,,.,,., ,r count, mud st,te bonds
a,na ~. .n., ~ rn.int.,ane,. ubieh /,
,tt ~, a,...., 80 n. ,,,,,, l,r,t,.l,
ion ,,iiit.n a,iisr. n y,,r ana this ia,
7 4, t,'r,,,,.l,,, ,,,,t. A, M. ,st t.,