Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-02-19
SENATOR .CUMMINS' REPORT.
rDes Moines Register.1

The trouble with the railroad stu
alton is made plain in the minority re-
port of Senator Cummins, of the SEN
ate committee on interstate commerce.
There Is no way, so long as the. rail-
roads are dealt with individually, to
make the lame duck roads profitable
without giving excessive earnings to
the we'll located and we'll managed
roads.
Senator Cummins presents lot OF
figures to show what the government
proposes to do for some Of the roads
Here is the per cent Of profit allowed
to the best known railroads:
Per
Cent.
The Pennsylvania Railroad COM
pany observation-disclosures. S.91
The Pennsylvania company .11.92
The New York Central Railroad
company ............... .1Z.'o
The Philadelphia & Reading Rail
way company ................2o. io
Delaware. Lackawanna g. Western
Railroad company .............3 2.90
Michigan Central Railroad COM
pany ................... ......1 S.S
Central Railroad company Of New
Jersey Observation-Disclosures. 2u.-o
Philadelphia, Baltimore e Wash
ington Railroad company .11.5o
Hooking Valley Railroad COM
Illinois Central Railroad COM
~ny ................ .......' LOO
Louisville & Nashville Railroad
company ............ .l6.I5
Norfolk & Western Railway COM
pany .......... ........... .lZ.ol
Chesapeake & Ohio Lines ...... 9.31
Atlantic Coast Line Railroad
company ........ .......... .10.So
Central Of Georgia Railway COM
panE ................ !.39
Nashville, Chattanooga & ST. Louis
railway .l3.6o
Mobile & Ohio Railroad company .14.75
Cincinnati, New Orleans & Texas
Pacific Railway company .44.99
Florida East Coast Railway COM
pany Observation-Disclosures. .... .lo.oo
company Observation-Disclosures. lois
Chicago, Burlington & Quincy
Railroad company .............2 2.o5
Minneapolis, St. Paul & Sault
Ste. Marie Railway company 1903
Chicago, ST Paul, Minneapolis &
Omaha Railway company ..... 9.51
Atkinson, Topeka & Santa Fee
Railway company ........... 9.57
Southern Pacific company ....... $50
Chicago, Milwaukee & St. Paul
Railway company ............ els
Great Northern Railway company 9.6S
Northern Pacific Railway COM
company .................... 9.SI
Union Pacific Railway company... 9.6i
The lowest percentage provided for
is that of the Milwaukee, els per cent.
Now possibly the Milwaukee ought to
be permitted to earn that percentage,
altho when the government insures
earnings per cent is higher than
money has been available for lin other
investments. But concedng that any
strong railroad system ought to earn
per cent see what that basic rate
runs into when we come to the Della
ware & Lackawanna and many OF the
other fortunately situated roads in this
list.
But that is not half the story Sen
ator Cummins has segregated a few
Of the specially favored roads for pur-
poses Of illustrations. Here are the
percentages of earnings this govern
'ment adjustment secures for the
specially favored.
Per Cent
Bcssemer & Lake Erie Railroad
company ............... .... .641.22
The Chicago & Erie Railroad -
company ..........-........ 1O.45
New York. Philadelphia & Nor
folk Railroad company ....... 1874
The Cumberland Valley Rail
road company ................ c4.01
The Leh;gh & Hudson River
Railway company I.......... o7.9S
Charleston e Western Carolina
Railway company ........... 21.67
Duluth, Missabe & Northern
Railway company ...........114.12
Duluth & Iron Range Railroad
company ............. ...... 1927
Panhandle G. Santa Fee Railroad
company .................... 64.37
s. Louis. Brownsville G. Mexico
Railroad company .......... 52.71
Colorado & Wyoming Railroad
company Observation-Disclosures. 1926
1t may be said that something Of
this sort is inevitable, that no adjust
ment the administration could ma Ike