The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-31
INDUSTRIES LEADERS.
TOAST (. P. RIPLEY
Santa Fe President Tells
Prominent Hosts There Is
No "Self-M Made Man."
GIVES HIS WIFE CREDIT


Blackstone Hotel which was ATTENDED
by hundreds OF railroad presidents.
chairmen 81 boards of directors. bank
presidents, express company heads and
leaders in industrial life from all parts
Of the country. The occasion was Mr..
Ripiey's SEVENTEEN birthday.
In his speech Mr. Ripley enunciated
the theory that y "self-made" man is
not the work Of one man.
Il desire" he said. here to pay \
tribute Of prais. 10 hev who Joined
her life to mine forty-four years
ago and has since provided the COM
forts and The rest of "a quiet home. who
has twice accompanied me through the
valley OF the shadow Of death. who has
watched over me mentally. morally ard
physically and who is mainly responsible
for such success as has been mine in
conserving mind and body. I ask you.
friends. To join me In drinking the health
OF my wife
And, secondly. such success az has
been mine has been due to those who
have worked with me and than whom
no more able and efficient men are In
existence. No one man IL OF any pos
sible consequences 40 one man can ac-
complish anything in Il large way with
out loyal and enthusiastic support. This
support rave now and always had In
unstinted measure.
Trumbuii Makes an Address.
Frank Trumbull. chairman Of the
board Of directors OF the Chesapeake
and Ohio Railway. smoke on ia II
q National Problem or "A Local Is.
sue? 90 saving in part:
MFR. RIPLEY, whom we honor this
evening. has won the confidence OF ali
the communities and of all the inyes-
tors he has served so we'll. lie has
done this in spite OF the declaration that
no man can serve two masters. lie has
e~udeayored to adjus, himself to the
regulation. not of two masters. but OF
fourteen-that is, the Federal Govern
nent and thirteen States.
How much better could he have done
" this regulation had been unified and
consistent, How much waste could he
hive cut out for the benefit Of every
body
II shall MOI undertake. TO describe the
piecemeal. patchwork. burdeuso,n. and
conflicting Stat. regulation of railroads
Every mar here could testify about ac.
tnAl pgnlTltnttS hnI tsnnAiHarinY the
railroads OF the United states as a Who'll.
they ar, regulated by for,y-nin, inter-
locking directors-forty-eixht States and
the Federal Governments. Freight cars
go and 4! the railroads Of
Texas. for cxampje be crippled Their.
IN Impairment and waste not only i'm
Texas but in every state.
'Omi,ting figures but stating facts,
what is he situation ~ the railroads
Their net op.ratinr income for the fiscal
year ended June 80. 1915, was not as
great as in 1910, 1911 or 1919. and the
loss in with 1913 was even
greater. There are now abundant Cr,ps
and various signs Of returning pros-
perity, but who shall say whether this
10 permanent or only hectic?
What will be the manufacturing sit
uation here when peac. has been de-
clared In Europe? What WI he he
cost Of new money? Who is wis, enough
TO say whether there will be "A larg.
immigrat ton To the United States or
practically none at all? What will be
the cffec, of any or All Of these fca-
tYree on the price Of labor"
can any railway executive assure
his shareholder that they have heard
the last of the wage question: WI
taxes Increase or will they remain sta
Alo-4l. IIlS 1T lNdEeloll 10 NIX
regulation spent It's force or j. il 4 con
tiuuing movement?
La the last four years probably not
less than fifteen hundred million dol
lars mas been dedicated bN private in
yastors 10 the puhl.c seryi,, IN IN. form
of additional railroad pr,ncIiy. nut the
net cuerating incon. OF tn. railroads
has been diminished. Is II any won
o.. ,r"sh rotraaa ,ava,on' ;" ~,
larry at a time when inves,o', can get
otherwise? If fifteen hundred million
dollars has been require 'Iu,il+ N'I's
~ restricted business. Why not that
much or more In the years that are
Immediately ahead of us-Nears of pos
sibly greater increased ~tritftic"
Where IL the reserve preparation for
t. I. We have Il hig business " II the
ira SpOJtat.on machine break down, and
) y do.S VINO VIII al'ar the irritation
MAY NOT the sh,lrIers. H.. saving IN
rates, have r.skod their profits" | do
rot a!rue the question uf iiITerT"cnI
ownership. The Government hae owned
tie wagon roads Of this country for
three hundred years and they are stuff
cent answer. II would he interesting.
would it not. TO have n governmental!
valuation of the wagon roads showing.
~" in The case OF the railroads, the
original cost 10 date, thu cost o! repro
du"tion, 81.
Many shnrere and honest citizens ask
WY should not thc railroads accept 'h'