Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1914-04-01

railroad conditions and while q good
many people think he is somewhat
prejudiced, his knowledge Of condi-
tons and his ability as a lawyer are
said to be OF great service to the com.
mission In finding out the truth as
between the conflicting statements OF
witnesses to the two sides OF the pre-
scented case
The country probably has no realiz-
ing sense of the immense quantity OF
material which must be gone through
before decision can be reached in
this advanced rate case. The charge
Is that some of the railroads are either
paying on watercd stock or trying so
to do. and that if they had issued no
stock without ample foundation for 1t,
they would all be now in a prosperous
condition, and would not need to ask
an advance in freight rates. There is
one big railroad which is paying
five per cent dividend and which some
men declare would be paying 40 per
cent If the securities which IL had
issued had a basis more stable than
water.
Innocent Investors Plea.
Now OF course thousands of limo
! cent people have bought this watered
STOCK and they are expecting their
dividends, and they maintain that II
an advance rate is necessary to en-
able them to realize on their money
the increase should be allowed be-
cause they made their purchases in
good faith and should not be made TO
suffer for the sins of railroad officials
and great bankers who have helped
to manipulate things 80 as to benefit
pecuniarily the few to the injury OF
the many.
1t Is little to be wondered that there
has been slow progress in reaching a
decision in this case The shippers
who do not want to pay advance
freight rates have been sending in
their protests with their reasons for
opposing the increase which if granted
OF course they will have to pay. The
stockholders are sending in their pleas
for an increase. The railroads are en-
deavoring to show how they are
obliged to conduct business at q loss
under the present return on freight
shipments. The financial operations
of the roads in the past are being laid
bare in the rooms OF the interstate
commerce commission. The matter Is
deep one and the hope is that one
way or the other the members OF the
commission will be unanimous in it's
final decision.
Civil Pensions UP Apain.
There has been introduced into con-
gress bill to create a commission
to consider the matter of pensions
for aged government employees There
is reason to believe that the bill
is likely to pass. The commission
If appointed will be expected to
submit plan for what must be called.
even If so calling it is unpalatable,
scheme to create a civil pension list.
Ever since the foundation of the
government there has been objection
to pensions for civilians. 1t has been
hard work even to secure the passage
OF legislation giving the widows of
army officers of high service, pen
slons sufficient for their support. OF
course army officers widows have
pension which is fixed by law, but
Increase the pension largely strong
opposition has been shown by the
lawmakers. There are few civil pen
sioners of the government today and
virtually none outside of those who
have had some connection direct or
Indirect with the armed services or
the country.
For years attempts have been made
to get congress to consider the civil
veterans. Members of congress have
had the necessities in the case before
their eyes in their daily walks When
one passes the treasury building, for
instance. at the hour when work is
about to begin or just after it has
ended, he sees men and women OF
advanced years going in or coming out
of the big structure, some of them
on crutChes and others almost being
carried to their desks Congressman
have looked on these scenes for years
and it has been the looking on them
which has moved scores Of represen-
tatives to introduce bills for the pen
sioning of the aged and decrepit The
Introduction of the bills heretofore
always has been just so much wasted
effort
In Continental Europe and in Eng
land they have set the example of
pensioning aged government workers.
and the pillars OF state OF the coun-
tries which have shown generosity
have not been shaken from their foun.
dations by the government act
Official Washington is beginning to
look with different eyes upon this
situation. Always there has been sym.
pathy for the aged who had to stay
at their work In order to live. but
always the thought that a civil pen
sion system was utterly wrong has
moved the majority OF the lawmakers
to withhold the vote necessary TO rem
edy a condition which certainly seems
TO appeal for remedy
Talk Of Old Age Pensions.