The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1915-03-02

1911; the extra cash dividend Of 10, amounting
to NcS.I9. received yOIr stock holdings i'll
That Company; also the proceeds received from
the Manor Real Estate Trust Company. which
Is owned BY Your Company, resulting from the
sale. TO the SusIuehanna Coal COMPANY Of coal
lands formerly leased the Mineral Railroad &
Mining Company. amounting to $50 5s3 IS and
with profits from sales " securities and surdry
credits Against this account has been charged
SlS o3ls. representing construction and real e-,-
tate expenditures on long tenn leasd lines es-
reclalIy the United New Jersey Railroad & Canal
Company and Harrisburg Portsmouth Mt Joy
& Lancaster Railroad Company. the net income
Of your Company not being sufficient 10 provide
the saIne; advances to Branch Lines for simiI n
purposes, which were unable 10 meet the same
out ~ their own resources and advance, for
interest on and retirement of. water trust certii
Gates and expenditures on your water s,IrrIy sys-
TEN: also the rental and leaseiold settlement Of
the Northern Central Railway Company in the
adjustment Of the accounts under the lease from
January lst. 1911. involving a charge of g43-
5!os5 50 that the net amount credited TO PROFIT
and Loss account during the year s. so IA ST.
LEGISLATION.
The increased scope and great burden Of the
duties and responsibilities imposed upon the IN
terstate Commerce Commission should now he
followed by the amendment Of tho Federal laws
from which its authority is derived The Com
mission should be definitely empowered BY sTs.-
c1hc provisions in these laws TO strengthen The
railroads. upon which the wefare Of the Country
ment of private CAPITAL for the expansion OF their
facilities and seTices. and the preservation u
their credit by means Of reasonable rates which
will accord with the higher costs and burdens
placed on them in complying with statutory re-
qInrements and governmental awards and re.aI-
lations The Commission should be enlarged md
50 organized to be able to deal promptly with
the important railroad questions which under th,,
existing scheme of Governmental regulation mus.
be considered BY it. The position Of Com
missioner should he PLACED beyond POLITICAL irar-
ence by a long tenure of Office and the compen-
sation should be sufficient to attract and retain
men Of the widest experience and greatest ability
The regulatory power Of the Commission should bs
clearly extended to the supervision and control or
all rates and Practices which directly or remotely
affect interstate transportation or cummerce and
should include power to maintain rate structure
approved by satisfactory to it. even though to
accomplish this il should BE- necessary to prcYent
reductions Ct rates TO compel advances Of rates
found BY the Commission to be unreasonably tow
An unreal onably low nate may he beneficial to
some more shippers but the rates If SOM,
other shippers to 10 disadvantayeously
affected thereby. The services Of the Commission
should be made available to remedy the cOncedeLly
inadequate Of the railroads for the trans
pcrtstion Of mails and Parcel Post and the power
Of Commissions. State and Federal to suspend
incrcascS in rates should be limited 50 as 10 pr,
vent loss Of revenue to the railroads during n.
suspension Of rates Subsequently determined to be