The sun., 1916-12-16
TRUMBULL EXPLAINS
RAILROADS. DESIRES
Exclusive Federal Regulation
He Puts at Head Of Their
Programme.
TO DIVIDE I. c. G. WORK
Says Officials All a Unit in
Denying Lines Are Over
capitalized.

Railway officials Of the country are
willing to stand on the proposition that
the railroads are not overcapitalised. not
withstanding anything that might be
said about the capitalization Of some, and
they are. under any reasonable theory OF
valuation. worth more than the capital
outstanding In the hands Of the public.
said Frank Trumbull, chairman Of the
board Of the Chesapeake and Ohio Rail-
way and chairman Of the Railway Execu-
tives Advisory Committee. He went on
record In an address before the Central
states Conference on Rail and Water
TRANSPORTATION, yesterday at Evansville,
Ind. on 1.-THE American Railways
After speaking OF the bearing OF the
railroad question on this countrys ma.
,ional life Mr.. Trumbun summarized
the programme advocated by the rail-
roads as follows
Exclusive Federal regulation In behalf
Regional commissions. In order mat
regulation may be kept close 10 the peo-
pie. o.
Exclusive Federal supervision OF fu'
u issuance Of securities OF railway
In order that security Issues may be
,nt~eliirently supervised Federal moor
poration Of interstate carriers vou'o
logically deserve confederation
Dtvision Of functions Of h InesFseats
| Commerce Commission 20 that the anne
men win not Be acting a. prosecutors
Judges and jury.
! yestors under which increases IN raees
can be suspended for ten months. instead
, OF for. say. sixty days.
Power in the Interstate Commerce
| Commission to prescribe minimum al
! well as maximum rates 49,,
This programme Mr.. Trumbun said
lis advocated BY the RAILROADS because
| they have been asked both BY the JOIN
committee and by investors to crystalline
| their views, and they will not ask At any
! moment for anything which they 40 no'
sincerely believe to be In the pubic n'
%terest.'
EQUIPMENT oRDERs-New York. Chicago
4 81. LOUIS ordered from stanaana S,.e
Car Co. 30 h1pper Car go san aonsoIss fro"
Pressed Steel Car Co. Minneapolis 4 81
Louis, io gondola. from Haskell = barssr
s sop sn''. and New YORK. Central for no.
l. e. C-Returns from all railroads IN y; >
having yearly operating revenues OF SIV0:
90 or more show for sept milease 100"
against, .e9. 49,: operating revenues V.1s%'
sol, against S?S. lS. "a: operating income
sol. siosit. asalnr, ss7,5S.;a.
ILLINOIS CENTRAL-Has offered TO cleo
trlfy suburban lines within nve years " c.,
OF Chicago will grant II lands on lake from
necessary for erection OF suit able terminals
The 1915 raj, order Of 5000 tons was evenly
divided bet ween Illinois Steel and Tenn~sse'
Coal. ST Pzul's order of 5000 tons went u
Illinois Steel and Colorado Fuel Atchlsoi
PLACED orders for IA miler. or 5000 tons o.
ralis. with Colorado Fuel and for 20 miles
or 5000 tons. with Illinois steel.
PERE MARQUETTE Estimated gross W
rclpts month Of Nov 500. Al. inc. C?3.J'l
Frsigh, rec~ipts estim sted to have increase
sSs.-t5; passenger SCI .05., and miscellapeou
sis.1ts Gross revenues for Oct. were S,'li'
i0s. inc. 500 .lSs,
RIO GRANDE SOUTHERN Reports. 70
frst week In Decrmb~r NtoIe. Inc. GE7
from July I 1.s3. sos. me. | $3.50.