East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-12-19


Operating revenue on 22S.OO0 mile,
Of American railway reporting to tn,
Bureau of Railway Economics in Sep.
tember 1914. was ssss.ss1.5s2. oil
slS.7s2.S1S less than in September
1913.
Operating expenditures for Sep
tember. 1914, were s17s.Os6.sOS. OF
sl4.SsO.3O2 less than in September
1912.
That was not a bad showing. Many
private business house, in such un-
settled times, would be glad to es-
cape with a five per cent loss in gross
business If operating expenses could
also be reduced.
But OF course the railroads have
been complaining for long time. not
merely since the war started. Since
the war came on it has been pointed
out that Europe holds much railroad
securities and the necessity Of liqui-
dating on foreign loans has been
given as a reason why the railroads
have been forced to retrench.
Secretary McAdoo's report, just
given. has some data on the progress
made in handling this situation.
At the outbreak Of the great war
We were owing Europe some s45O.-
100000. This demand debt has al
ready been either paid or composed.
We have so far absorbed the inn
mense amount of foreign-owned Am
erican securities thrown back here
in the panic OF approaching war that
cur Stock Exchanges have resumed
business with few restrictions.
We have gone through a heavy gold
drain to Europe from these causes
and came out with loss to the treas
ury in gold Of only sss.sOO.OOO.- and
no loss at all in gold to the country
at large.
And for the first time in thirty
years we have an annual treasury re-
port which, instead Of crying out
alarmingly for banking and currency
can dwell upon it as a great
fact most satisfactorily accomplished.
With the problem Of handling our
foreign credits virtually solved and
with the rate increase granted it is
difficult to see what more the rail-
-oads can find to complain about. Ac-
,ording to their own expressions their
position is now immensely improved
and we may justly look for more rail-
-oad activity all over the country.
S~sS~o
According to the Eyening Telegram
here is a well formulated plan on
foot to oust all
Is This the Way the West state
To Prepare for War? appointees even
II laws have to
be changed to accomplish this end. So
greedy are the spoils hunters that
they even wish to drag the adjutant
generals office into politics. Adju-
ant General FINER is not an appoin-
ZEE Of Governor West but on the con-
.rary has held his office for many
years on a merit basis. He is a yeter-
an Of the Spanish war and has been
an honest, capable adjutant general
There are no charges to the contrary.
Yet a clique desire his removal and
Il Is said man named White. re-
porter on the oregonian and who has
had valorous experience as a war
covering sham battles
at American lake, is being groomel
for the Job.
Is this the way 20 proceed with the
OF our military estab-
lishment so that we may get into war
II an opportunity is offered US? Is
this the brand Of efficient militarism
that such jingoes as the oregonian.
Hearst and Gardner are bowling
about?
What will DR.. Withycombe think Of
the plans being made to turn his ad-
into a spoils festival?
s-~SSO~S~~
That the much discussed twilight
sleep Is not the great boon TO suffer
ing motherhood that
Twilight Sleep. Sc ational stories
would lead the pub