The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-01-21
Eh!DEkY LlA[1n!cnM fl!!Tl!Mrn
I'tEIIIfik IEBEDIlI5UN UUILINE0
POLICY OF OF SOUTHERN RAILWAY
The Nsw President In His Public Uerance After Paying
Beautiful Tribute the Dead Tells of the Personality Of His
crsst Road and Pledges it the People of
the South

sense the Southern Railroad belongs
the people OF the South. It Is not
only their highway, to market, but its
fiscal operations are part OF the life
OF tie communities alcng its lines.
AT some risk of. trespas upon your
auention, venture to support this
claim with a brief argument from
statistics. They record q condition
which is astonishing and confess
asbonished me when saw how far
they go along the lines of tendency
which knew TO obtain. or one hun.
dred and three millions or annual
revenue collected last year by the
railways included in the Southern
Railway System, there was immedin-
teiy paid cut again along its line at
least seventy six millions, an amount
not far short OF the total collected
from, the people of the South; Tor
approximately twenty two millions OF
the total revenues were collected
from people outside of the South
western States-a fact not often taken
into consideration, the explanation
OF which is that an appre2iahla part
OF the passenger traffic OF the system
consists OF the transportation OF
residents of other localities travelling
in the South, and furthermore, that to
q large extent freight charges on
Southern products shipped 20 other
localities are paid by. the coRsignees.
What Becomes of the Revenue.
What then becomes of these great
revenues collected In the South? Are
they hurried away to some avern in
Wall street? No. The fact Is that all
the moneys collected In the South
are deposited in Southern banks
which drawn upon from time 60
time only as funds are needed for
proper fiscal purposes The funds Of
the system thus become an important
factor in strengthening the banks OF
the territory, and so ARE at all times
at the service OF the Southern people.
Is i:..ss ;sss s:st;s Sat St:1S stI9ii1
Withdrawn from Southern banks from
time to time only as needed for proper
fiscal purposes, hit even In that
operation. to- q large extent, the
/ moneys collected FOR transportation
service on our lines, are not with.
drawn Mt al frc5n the Southern
communities in which they ar coli
leGtcd This can be demonstrated BY
-: r.; .y'siss SoI 40 stern ITIIii9ay
expenditures FOR tbs last fiscal year
Such analysis shows that OF every
dollar disbursed, 4I.71 cents went to
the payment OF wages, substantially
all OF which are paid along the line
OF the road, and so remain in the
Southern banks, q disbursement
which for the Southern Railway
proper, averages about two million
dollars a month. The purchase of
materials and supplies used 20.30
cents, and under our policy OF buying
as far as practicable from Southern
people 1912 cents OF this was ex-
pended In tho South and only 4.i8
cents In other localities. Miscellaneous
operating expeases required 600
cents all spent In the South. Taxes
as neid IN the south required 1856
cents Interest, rentals and other
lniscelIa lIaneous payments accounted
for 20,Ss cents and the holders of the
Gompahy,s preferred ;ytocl received
4.42 cents. 1t is Insortuhately I'm
practi6able to determine the proper.
tioii CT interest and diydends paid to
Southern owners OF Southern+raiiway
--- sffses. I wish It was all paid to
hefai people. but leaving these