East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-03-17
stock more profitable and the stealing
of stock more and more perilous.


what is'done. The rate per ton through
the canal is not high and eTen should |
American shipping have 10 pay tolls
the water rate would stiil be lower
tl'an the rail rate unless the railroads |
are allowed to go to extremes in or
der to meet water competition, which
they should not.
Why should the transcontinental
railroads be allowed to meet this new
competition? Should a railroad be
allowed to grant an unnaturally low
through rate in order to meet a COM
petitor that by the nature Of things
can transport goods more cheaply and
therefore is naturally entitled to the
husinessr
IL the railroads are allowed to meet
water transportation through the ca
nal 1t will be a perversion Of nature.
Such course will be injurious to in
land points that will have to do all
the profit providing for the railroads
IL the coast business is to be handled
at loss in order to meet the water
rate.
The principle that should be OBJ
served In making railroad rates is that
the rates should be based on the cost
Of service and should not be made
with a view to cutting a competitors s
throat. Water transportation is a
good thing and it should be fostered.
not destroyed through rate jugglery
that gives coast cities freight service
at cost or less and makes the interior
provide the railroad dividends.
Those who oppose repeating the
! tolls measure on the score II would
help the railroads are going far away
to get something that lies close al
hand Let them urge a law or a rul.
ing by the interstate commerce com
mission barring railroads from meet
ing water competition unless they car
do so and still make a reasonable
profit on the through business. Such
a step would be just and economical,
sound. To provide free tolls for Am
erican shipping in order to crimp tn
railroads may sound well to the unin
formed but the inland merchan
knows well who gets crimped. II tn
railroads are allowed to meet waite
competition they can do 30 free toll
or not 1t is the interior that take
the gaff not the railroad.
>~>>s>>>~
In HIS financial review for Marc
.ll4 Henry Clews speaks with alterna'
ing optimism and pes
The Business simism. The follow
Outlook. ing is the concludin
paragraph OF III
weekly review:
/
lent In every part Of the counti
soil conditions are unusually goc
! owing to the ample precipitation
moisture in the form of snow or raj
: The outlook for winter wheat is e,
: cellent. there having been a conside
Il able increase in acreage and mut
d less winter killing than usual. IT
d monetary outlook is satisfactory, al
!. while some temporary firmness mi
= occur about the first Of April. the
Is no cause for uneasiness In this r
spect. Paris still seems to be a poi
OF weakness, and London is feelil
the effect of too many new securi
issues. Brazil and Argentina are al
, Joints of weakness and We may
. obliged to ship gold there on Europ
an account. But the situation acre
\ the Atlantic is hardly serious enou
to have any important effect he
SnOuIu HO uutO"ou uS'cAoPA"S"N
cur in Mexico, turn for the bet'
may be reasonably expected befc
. very long. We are not O pessimi
!. ic people: yet We are mercuriai. a
!. seem unable to keep up our spi'
"a unless business is always running
d top speed; something neither possi
ID nor desirable.
. That stiff sentence for the bo
logger who sold whiskey to Shipp
= tower may turn bootlegging from
i profitable into a losing business.
I pecially II the good work is kept
,. Go to 1t gentlemen.
4 S~~O>>>~
I'd Cattlemen assembled here now '
Or have no resentment at all over
y price Of 1926 paid for top beef
- Portland yesterday.
Terrible storm that on the sea
-. Azof. How many knew before VIII
,r- the sea Of Azof was located?
in >>>>O>>e
ne If Villa captures Torreon he W,
- have far To 20 to reach Mexico Cit,