Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-31

And now watch the hubbub that
will be raised by the administration,
by labor and by the public.
Out of every three dollars the rail-
roads earn they paw back approxi-
mately two dollars to labor. Shere
fore. when retrenchment is forced.
labor must necessarily bear its share
of the painful process. And since
wages can not be cut, the alternative
"a reduction In the number of work.
ers-has to be resorted to.
The Pennsylvania Railroad will lay
off a total of $4,000 men, according
to dispatches. And a still larger
number will go on short time. The
same system has begun TO Iop off
trains here and there, a method of
economy that probably will be car
ried a good deal further. Incident
ally, the directors have just reduced
both the common and preferred divi-
dends of an important subsidiary,
entailing, in addition TO loss of in
come to individual stockholders, a
substantial loss to the parent compa-
nys treasury.
Pennsylvania's example is certain
to be followed by other roads. In
deed, one line some time ago thinned
5000 men from its ranks and will, l
understand, let others go as work
under way is completed.
How will wholesale dismissals OF
A1lT1lnUane or4 20
thousands of others affect the adj
ministration's status?
And what effect upon the public
mind Is the abolition of many pas
senger trains to have?
The railroads must cut their suits
according to their cloth, Official sta
t1st1cs issued show that for the seven
months to February l operating in
come decreased over Is per cent per
mile. The shrinkage in January was
more than 25 per cent. But taxes, Of
course, instead of falling, rose 10 per
cent. feature Of the railroad stu
alton that is creating increasing UNI
easiness.
Under such circumstances. and for
hidden by the Interstate Commerce
Commission TO recoup themselves by
adding the slightest fraction to either
freight or passenger rates, what are
the railroads to do? To whom can
they turn? So far the Interstate
Commission has "swatted" them in
season and out Of season. State rail-
road commissions, taking their cue
from the Federal body, have shown
scant sympathy with the railroads in
their multiplying difficulties. And as
for State Legislatures, nothing has
been too harsh or too foolish for
them 10 undertake in the way of
harassing transportation companies.
Laws throwing grave additional
and wholly unwarranted-burd
upon the already bent backs of the
railroads have been passed With ac-
clamation. A sure short cut to pop
ularity has been to jump on top Of
mercifuly.
But now that the day Of reckoning
is dawning, the thoughtless politicians
may find they have been picking a
rod for their own unprotected backs.
Voters who find a favorite train has
been withdrawn will not be in a
pleasant frame Of mind. They will
want to know the reason why their
comfort and convenience have been
sacrificed.
The railway employee who finds
himself without a job will also have
time and inclination to do some first
hand investigating of the why and
the wherefore of his discharge.
The railroads can not show the
same airy contempt for deficits that
the Federal Government can. The
nations balance sheet has not bal
anced this year-that IS, more has
been going out than coming in. The
economy that has been recommended
for the railroads has not been adopted
by the Governments is so much
ca sier to recommend medicine than 70
take It, The Government can indulge
in the widest and grossest pork bar
rel" extravagances without fear of
consequences, since It has a patient
and submissive lot OF taxpayers to
fall back upon. The taxpayers have
to dance to whatever tune the politi-
clans care to play but investors are
under no obligation to continue TO
hand over their earnings to the rail-
roads. Even governments can not
coerce an unwilling investor to invest
single dollar.
For my part am hopeful that con-
ditions will shortly warrant a cessa-
ton Of railroad retrenchment. at least
wagewise. The latest limitations are
that certain important commodities
will be excluded from the rate in
creases to be granted the Eastern
roads, care being taken to benefit the
weaker companies as much as posi-
BILE.
The whole railroad position is so
full Of uncertainty that It behooves
every man In authority to bestir him
self to remedy It without one days
avoidable delay
Every man laid off by the railroads
means less work for iron and steel
companies and for the whole chain of
concerns that are linked to the well
fare of the railroads-one of them,
the Railway Steel Spring Company.
failed TO declare its dividend, and un-
less the current tendency is checked.
others will be obliged to disappoint
those who have had faith enough in
their country to invest their savings
In it's business organizations.