Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1914-09-15
rIEAD UNUSUAL CONDITIONS
RENDER INCREASED RENE.
ME NEtE>S iRl
WILL REOPEN RATE GAst
Not Certain Whether Roads West ui
pittsburgh gnd Bnfialu VIII
Make DrWlut. ttt More
Increase

WASHlNGTON. D. G. sept TO-.
Contcndme tha, they face uuprcce
deut,d conditions aggravated hy the
war. eastern railroads today infer
mllly notified the Interstate Com
motco Commission ot their intention
to ask for reopcnIng ol the ad-
vance rat, ease iu which petition
tor general increase of five per
,elr was denied
Whether the roads west of But
fai0 aud pittsbure which were grant
eel Increases by the decision will ask
Tor further relief is not indicated
committee of railroad executive
"Wednesday called on the President
ot the United States at the White
House Tho committee consisted GO
a. j Earlng. pres id,nt Chicago,
Milwaukee & 81 Paul Railway Com
pany. Fairfax Harrison President
southern Railway Company Hale
Holden. resident Chica sO. buriius-
ton q Quincy Railroad Company,
Samuel Roa. President. The Penn
sylyania Railroad Company T.. T..
Ripley. President. Atchson. Topeka
4 santa Fo Railway. Frank rrum-
ull Chairman. Chesapeake a Ohio
ailVay aud Missouri. Kansas & Tex
a- ailWay Companies Daniel Willard
President Baltimore a Ohio Rail
road company
Mr Tiunbun. ou behalf Of tho
committee. presented the following
memorandum 10 the President
The purpuse OF this conference is
tu lay before the President iu brief
tr.H iho presoat situation ol th"
railroads of the United States 2'u..
uuu miles OF great national Highways
That the ease Of tho railroads de-
serves sympathetic treatment arises
from thc fact that. although private
.r owned. their property b. devoted
10 publir service The industrial
utalth OF the country depends upou
au adequate railroad service such
.rrtico cannot be rendered. and pro-
rsr rp. p.ponse 90 public needs cannot
boz made unles, the financial sound
mes. of the railroads le maintained
The credit OF the railroads. ser
iou-ly impaired as We believe. before
the var started is now confronted hN
an emergency of magnitude with
Dur parallpl in history To under
stand the .ull import oi th" existing
crisis u i- necessary 90 consider
briefly the autcoedent conditions
The purpose here IS NOT 90 com
pIair buf to point out the one para
mount fact that by reason of iesisIa-
ioU and resulatiou bt the Federal
Government and the forty eighi
States. acting independently OF each
other. ls well as through the action
oi 81 strong public opinion. railroad
,NDer.e. iu recent year have vastly
.r.f.a. ed so criticism Is here made
O.. the general theory of government
taI regulation but ou the other
laud no. ingenuity can reliev" th"
carrier. oi the burden of expense
created thereby. However desirable
may have beel the expenditure
which have been forced upon the
railroads. u0 adequate provision haH
Ia, an made to pay the bill
TUis greai increase Boz expense
nov. coincide with seriously depict
rH revenues. with mo- corre-po -poudinc
ability uI ,to railroad. to reduce
fht.r costs ln proportion Govern
u.nts can proceed With expenditure
of aH Kind by taxation. but rai'.
rard. cannot While tho effect Of
rns European war upon railroad
earnings may vary In different ser-
lions. 10 is painfully evident that
fHrre win Ne serious decrease bon the
tHiaI because of tho unprecedented
antiquities iu the marketing of cot
ION. the great decrease iu import.
anI the 1fuerli IislocatI0u OF trade
and industry
Even prior fo the f.isf.l. eme--
errry and io meet Tie autecelenf
situation railroad expenditure gene
.ralv had been reduced t0 absolute
necessities The difficulty of fur
ther contraction o. enhanced by ey-
f.ting aaee agreements and insofar
a. che Western railroads are con
refu,d. ny the possihiiiies involved
in he arbitration proceedings 90
which thet have recently agreed
The net operating income OF the
railroad OF the rniied states for
tne year ending June HO. 1919. aas
sf1N 600 600 less than for the pre-
WON. year. or about d 3 per cent The
gross earnings for the year we're
$4,000 Hnu Jess than for 1913. eN-
.auens and taxes Were $3.50 900
more
Toe maintenance of tne credit nf
tha railroads land fhe credit OF the
r.f.f..ds establishes the standard FOR
all Industrial enferprsesI depends
nuon their ability % increase their
nsf earnings The railroads NAV
have the most pcrfectiy appointed
riaufs iu che world bur if che net
earning are not adrquate. neV capi