Evening journal., 1916-11-22
WEDNESDAY, NOVEMBER 22, 1916.
DELAWARE INVESTORS IN RAILROADS SECURI-
TIES SHOULD ORGANIZE FOR SELF
PROTECTION.


rrHOUsANDS OF Deawareans have money invested
in railroad securities. They should organize for
seltprotecton The Newlands Joint Congressional
Committee has begun its investigation OF the railroads
Of the country That investigation may last for several
months As the holders OF the railroad securities
the real owners Of the railroads IL is highly important
that they be properly represented before that commit
and that they take whatever may be deemed
necessary protect their vested interests The
mittee seemingly is not eager to have the security
holders represented. They ignored entirely by
Senator Newlands. the chairman of the committee in
the announcement he has made relative TO the hear
ings and those whom the committee desires 10 hear.
His list OF the the committee desires shall
be heard is follows:
1.-THE purpose Of the committee is to hear regard
ing government regulation and government ownership,
the opinions of economists and publciss OF emnence,
representatives Of the Interstate Commerce Commits
sion the National Association OF State Railroad Com
mssloners State railroad and public utility commits
sons. representatives the railroad executives and
labor organizations representatives OF farming organi
cations. and farmers, shippers and bankers,
atves OF Chambers OF Commerce and other important
business and industrial organizations
Owners OF railroad securities will see from above
list that almost every interest is recognized except
their own and that too in the face of the fact that
they have s200O0OOO00o invested in transportation IA
ciies and that there are 100000 such investors in
the United While true that
Of railroad executives have been invited. that is not
enough by any for the protection OF the in
vestors railroad securities They should have their
organization and their representation before
that committee and they should be prepared to set up
spirited defense every time there is inclination
the part of anyone to attack their investments
justly and unfairly.
If the S2OO0OOOOOOO that is invested in the
portaton system Of this country TO be protected
against those who would upon it. that protection
must through the OF those investments,
represented before the committee by a compact WE'LL
informed and fearless organization. Delaware investors
cannot hope for protection unless they become mem
bers Of and support properly such national organiza
ton. Such membership and such support will be a
cheap investment for them They should lose no
time in lining up with the in States and
perfecting national organization.
We notice that the Railway Investors League has
been organized tentatively in New York city That ten
tatlve organization doubtless will permanent
enough members have enrolled from the
several States to Justify such step. The thousands
Of Delaware investors who to be found in all walks
OF life should wisdom getting line self
protection and Of delegatng someone 10 go before
committee 10 present to it the united views Of the
100000 investors in this and other States
Most Of the S2000OOOOO00 OF railroad capital that
has been used in the United States has come from
small and moderate investors. They the persons
whose interests largely at stake in the New
lands investigation Bondholders and stockholders no
matter what their holdings may be. should organize
in the States their delegates the Railway
League executive body and play part send
ing before the investigating committee representatives
who not only will demand but fight unremtngly for
a square deal for investors in all such properties
The investors cannot afford 70 remain idle while
their properties being subjected and pos
sibe spoation. They have right to be heard and TO
have their views presented in a clear and convincing
way at every Of the investigation that menaces
a their holdingc
ia It is altogether likely that the question Of the gov
ernment ownership OF the railroad properties will figure
importantly in the hearings That fact makes it douby
important that the real owners properties be
properly represented because such movement would
affect $50 600 miles OF road Changes in methods of
regulation arc sure to come up The investors GER
tanly should have voice. Il is only through the
Railway Investors League. kindred organi.
zation, national in its that they can raise voice
that will be heard and needed in the committee room
We understand, through John Muir, chairman OF the
organization committee Of the League which has
headquarters in No 81 broadway. New York city that
several thousand investors already enrolled That
however, is not enough Every investor should be a
member. TO the end that the League may become one
of the strongest and most influential organizations in
the United States and whose will be Needed
by the Newlands Committee any other committee
that may be considering matters which affect railroad
properties.
The motto Of the League is: III YOU do not con-
slider your own rights worth protecting it scarcely
be expected that anyone else WILL That single