Mansfield mirror. (Mansfield, Wright County, Mo.) 1908-1957, 1916-12-14
NEW POLICY NEEDED
IN GOVERNMENT
RAILWAY c0NIRol
adliAllx ~lldElssWillaslt
ulIst y llirDl 2 TAsR.
CREDIT MUST 8E IMPROVED

2 '-S ~ ~ 80"
n'eh Csse- q Living MAY Inss %
Provide. , ~ the Railrsads.
w...,..... 90 ,.,..v
=, o-,.rn,n.. ..,,n..a .ss,,s,,.r.
h...s ~ c~ons,-..,,rs n-,n.in,.. ~
h.ln,.,n... .nA .n.o.r. ,sn,.n, ,n.,..a
Of mon princip,es Of repression and
punishment, was urged nv Alfred r..
Thorn, eounsA for the Railway Execu.
dives Advisory Committee. the nrst
witness on behalf Of the railroads BE-,
fore the Newlands Joint Committee Oh
Interstate Commerce. which has insri.
tuted q general inquiry into the prob
lens Of railroad regulation.
Ut 10 proposed BY the joint resOlu-
rion Of Congress," said Mr.. Thorn. 10
60 TITO . comprehensive study Of the
whole subject Of transportation. to
make 4 new assessment. after % years
Of experiment., Of it's history. its pres
ent conditions and Its future needs.
The railroads accept the view that reg
ulation Is 4 permanent aud enduring
part OF government In America aud
that the arst duty Of the carriers II to
the public. That duty u to afford
reasonable facilities on reasonable
terms ana at aso ole rates. and tni
must Nc aooe DeIore any private inter-
est' tau oe CONSIDERED:
Certainty, Safety and suf6eisney.
Mr.. Thorn contended that the real In.
terest Of the public IL in being assured
Of certainty, safety and suf1ciency of
trapsporta ZION facilities. rather than In
rates. The first consideration Of the
public II to obtain trausportat ion. IA ciIi.
ties. what the o ! 4. IL in reality
second consideration. he raid.
Mr. Thorn nrono.ad an ,ncrs.s. ot
ri mort lion fsciltie. .. . method
Of .ecnrtns relief from tn. h,gb cost
az living ..rhere h.ve heen less than
INO mile. Of nav RAILROAD oo~n.truct.
~ N NJ T,r,t.d s,.,a. arr,ns ~. n..t
go" n. .o,s ..,.s, ,h.n IN an ~
.,na. eAe 80. ~. n..,.s . ~.
r,n W.. ". .h. ~. - ur.n. a.
80.
49,. ..as.as
.p 49,
se'u,'ns .e'e "" PRIV
"ue''on'
Credit must Do Improved.
This leads to the consideration - tn
whether railroad credit 10 A. good ~
the public Interest requires. 1t u I'm
possible for railroads to earn enough
to supply the necessary new facilities
from current venue. They must be
provided from credit Investors can-
not be coerced. but must be attracted"
Among the conditions affecting rail-
road credit which deter investors he
mentioned the following:
First, , Railroad revenues are not
controlled by investors, but are fixed
and liuotted BY governmental authority
anu nos oy one Du' " sevefai govern
mental AUTHORITIES "n'cn 90 q Q reco6'
hne Fespoh''o'!i'! io' sssuteo res"'es
10 .ases'ors .uu Are unco~o'na'eu'
seeoho' haiiroaus eAnhot controi
Anu Tue eo'e'"n'e"' csnh"t sno aoes
w. ,. ,ne eApense sceoun.
.u; w p"eDI sys.em y.
.,' y 49, !" Poae. VI. fesui.''on
.nu ~. pouey VI
aro.'..h ~. orts..ns.ss SSm..
49,. ~"
-. Sn.na,s, r',. 1850. -
.monn. :, ohrS"
.,on. hsarsn. 49, oh.rs..
ar,tth m. inv...o. nm. .oo.,.
.~uhordin.t. ohiir.tion or .acur,tx w,tn
,~o...sur.nc NJ ! .urn,u. ~ ~..r,,...
"a .nnnort q
"sfxth Other comnetttvs nne. NJ IN.
vestment nresent suner,or s-ttr.cttnns
"seyenth The rsilroed hnsina.. {.
largely controlled bv political instesd
of business considerations,
,.L r...s NJ.
ov. 49,. -.
-. $3.50
~. Dr. ..h,. I. 49,.
-h.t ~. ,.on,. 49, Tss pss',SoS.
~. ,sL.n ~ - 80. 49,
eorw..S T. ~. 800. $500"
800 .....man. ~, a,r,nn....a.- :.
:. - ~, h.,,s.u. "a s...m,....
l. Nth ~ nrohI.m Ahn.." ~.
~ mor. n~rav.,an, n = r.,,ro.a ~,
M. 900 ,hon :, .rv .than $780,.
hnm.na,y conducted m. 80. az.