The citizen. [volume] (Berea, Ky.) 1899-1958, 1916-12-07
new POLICY NEEDED
IN GOVERN NE Mt
RAILWAY CONTROL
ne|ptuIness and Encouragement
Urged BY Alfred ?. Thom.
CREDIT MUST Be IMPROVED

increase Of Transportation Facilities
| Necessary TO Secure Relief From,
| Hiob Cos, az llv,co NAV Thu. n
| p,ov,a.a r.. ~, AZ. p.u.a.
|
washington. Nov. ga new policy
or government railroad regulation,
o"seu on CONSTRUCTIVE pr'heip'es OF
asp u"'s VII. .neo", "se"en. 'ns'es
s,',
! s,.a.. as'., ~ 49,
.,ns.. .s.',se c'.."
|
O.. a.. N..,... -. c'"...
rn,.-.,s,. ca..,. s.es ~ -.
80, -, .
-. =, s.,... --r..,..,. Wv"
.I, 4. nrono.., sv ~. Id. u,u
Non a, consr... Ia ~ Ts.,s o.,
% int . .,,,n..s...,.. go a..
-no,. .,n,.c, 90 ,.....-.,,
mat. . no, ........ % m -
~ .,n.,s,,.., =, a.. $50 ~.
emf cona,,,on. ana %. e,,r,. ,s.S.
rhs railroad. aeon, IN. H. ,..s -.
,,.,,o,, a. . ,.-... - .~.,
mart Of governm.n, an Am.ss.. "a
that IN. Ar, ar,v =, IN. $500. a. -
the public tina, du,v 4, m .0o,.
reasonable facilitie. ON rc..oo.b,.
terms and at reasonable rates. and this
must be done before any prfvste sntsr.
ests can be considered"
c.r,.,,,x a.s.. - ..u.,
AZ. ~.
-. ;. 49,. -. 1917
=. s..", pas " s .ssuou
. ~"
~. '. c' '".a w
80, "e ".s. remuneration .. inc
puo " oo'"'n .snspo''A''oh ..c"-
Tvs ""a' ."e .oS' w. !" IN 'ea"V
"' .o"s''e'",'on' We sA'a
"'. in"nh PROPOSED IN increase On
nsnspor,auoh iacinies rs me'nod
Oh securing reher tr"m the nish cost
OF n'ihg. here nave neen less tnan
i!oo miles OF new railroad construct
ed 10 the united STATS curing the past
year. he said. less than In any year
since is's. except the period OF the
Civii War. and yet the cost OF living u
daily advancing owing to shortage or
supplies which might be remedied by
securing access TO new areas Of pro
ductipn.
Credit Must Be inprovsd.
..Tbis lead. 10 the consideration m to
whether railroad credit In as GOOD an
the publ,c interest reouires II IN inn
nossible for railroads IN earn enough
20 .,nnIv On. n.ce.s.rv nev f.c,litiss
from current revenue. Thev must be
prov,ded from credit Invc.tor. can
nos he coercsd I'M, must he attracted"
Imo,s IN. eona,,,or. .r.c,,n. an
r,.a croa,, hitch a.,., ,nv.s,or. \.
,..n,,orsd On. ,o,,o~,,n..
.rs-~, p.u...a ,.s.,n -.
controlled by investors. but are nxed
and limited by governmental authority
and not by one but by several govern
mental authorities. which do not recog-
nize responsibility for assured results
to investors and are uncoordInated.
Second. Railroads cannot control
and the government cannot and does
not limit the expense account
Third. The present system Of regu-
lstion n based ON policy Of regulation
and correction and not on a policy OF
helpfulness and announcement.
Fourth. The outstanding obligations
OF the railroads have already exceeded
the financial rule oil SAFETY and involve
q disproportionafe amount OF obhga-
lions bearing nxed charges
Fifth Ihe investor must acceI
subordinate oonsatoh OF security WIN
no assurance OF surplus OF earnings
10 SUPPORT IL
A'n. o,ner compeuu'e .nes y, IN
'. .a, p'esen' sui~1o. a'ou'
,s, e".a' '"u ,.., o 49,.
1922 eon''on-u ~ p"'' "'''"
=" BUSINESS 'o"'' .
LOON ror~sro' NOT eseS'
we may debate about what mas
caused tne present connitions' said
MT rhom' but we cannot DEBATE ABOUT
what the people need The PRESIDENT
mas TAKEN the view tnat we must iook
forward IN TINS matter ana make q
iresh assessment OF circumstanceS IN
oruer 10 ueni heipiuiiy ana inteiiigent