Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-05-20

in connection with it's forthcoming de-
cision on the rate question. Such ex-
travagance as typified the manage
ment of the New Haven, Frisco and
Rock Island railroads may be taken
as evidence in support of Brandeis, the
attorney for the commission, who ar,
gued that II this waste We're stopped
the roads would not need an increase.
Surely II such graft were general ana
not confined TO few roads, this con-
tention would hold good.
The average businessman who
watches his office closely when he sees
business falling away and that ms
his pruning knife and sets about at
once to cut down here and there, such
expenses which he can dispense with
men can practice economy successfully
In dull times. there is no earthly rea-
son why corporations. be they ever so
big, cannot do likewise. with equally
good effect upon their net income. ~
little spell of hard times, while annoy
ang, to say the least, is not wholly
without its good influence as they teach
heads of our corporations how to save
when the demand is strong for prud-
ence and frugality in corporation man
, agement.
There. are some bankers of whom
the public hears very little because of
their modesty. who WELD great,
bankers without much outside assist
ance has succeeded in providing for
the subsidiaries of the United Gas and
Electric Corporation in the past year
over 100000 of capital and all upon
favorable terms. This was only possi-
BILE because of the wide acquaintance
! and confidence these bankers enjoy. As
a result of their effective labors this
large public service corporation hold
ing company will not need to borrow
| any more money for good long time.
An end. for the time being, has come
to the artificial boom in the Standard
| OH shares for which the conservative
no houses stes making Kin specially of this class
largely encouraged by shoestring bro
kers: Stories of melons" and extra
dividends are not longer heard. but on
the other hand. prices for oil products
are coming down and even the good
dividends paid in the past year are
Delng cut. But the drop in oil stocks
up must come down. The law of grav-
! ltatlon is also present in securitiess
Ior no matter how good they are, a
other which makes them unattractive
ana the prices recede to figure maxi
ing them again inviting. 1t is through
sucn an evolution Standard Oil shares
| are now passing
Among the directors of the Rock
E1sIand there is an exodus on to Europe.
usual We're it not in this instsOce a n
sn sittie ahead of the usual vacation sea-
seasan sea ana Just about the approach of the
IN IN Rock Islands financing which tba
raee1state Commerce Commission is di-
iie'oeq is oef by by the Senate to make. Europe
but the Commission can wait if l.
needs some of these directors as wit.
makiS;e neskfS; until atilo these men get tired of
high time that the truth were ra,.a, ~ ~ -
III regard TO the Rock Island financing.
we VIII need new regulations. II
seems, TO safeguard investors in the IN
sure IRON operations of a similar char
acteri one way to insure them is by
saIIins from the lessons of the past
Surely IN the trinity of bad gracesN
New Haven, Rock Island and Frisco
we nave good preparatory schoo
WI, Were we may learn just what meth.
despoilation in the future 'Ne