The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1920-08-20

AL
4 RAILROAD
4 N(REA&
Chiaaxo>. August tt, f9N-The
IFssn,m 0snsrsAin lsagua If Amsriea
hsrisS yaxe out tAR falfoaxfn9 akhlrsss
htn thu. pssa1sh. hS Charles Edward
/ Eess~{t, aase Of lbs pesaaSheas members
and mast nsas& ptiNlheists
R1D.a CaissssRsS beg your most
sanassst aisesnnisM ser d month h. two
hphnrss III eAe as~ rsailro&f rate in,
s~nssE.e s6s>ah which lheef< has been said
aasnE yet pa;sss.s OF greet Importance
u x@se Ia xasr daily affairs
/ b xrant6hg tAss& ihcressss demansk
hs>R ha efs radraaalss ef IS Per cent
In shsixhs rates and ~ per cent in
psesssaEsr r.sase, ehs Enher>seate Com
sDeeee Camnrissssa2 r~csgniaed ami e.
tahlisAs& two prihefplss new in its
RnsRtSes, rsst evolutionary in char
accsr ami iRsls H. haze great and
>srxn,cs rssstie> upon this nation.
: T~ R<s1ask ks<s4ieshx> FIRST the
ssuSasttS S;jhh, >ourni and sufficient
{ ennhsSStun disslncetS recognized as
'psrfsSsls x,'nb, sunni and sufficient
hssssass 6r rate making the Practice Of
saqitsIi:s.ng eht. earnings Of q railroad
sanpan&,
| Sacamh il 1iffrneI Investments in
rsiihu.skS e. BE- different from any
4shar hind u business ventures II
>siifnut..h ehsut q, have i $acresk. Pc
suiitsr and superior nature. to have d
n'9hn h, pro;fes m,s belang;nx To- any
assian Rmk ~ Investments ami to have
cf,s. put,lix ami the. USE Of ting public
s:'sas.nns t. SEIZURE these profits,
tasasapkxxs FsaGae< ~ Rakas> II
Waasa<a $sssAS The Commission chose
;aRS th~ espfk,hs:a af the Anne rican
assfihs.@h system seq 9a0I 800900
Do this sum is tncIsnheJ at least So
atlssststltR .sssh os eaptessllzed earnings ami
ssqiss,lhss.t rxpuir>S
Wtfsn cummings re eupitalizei that
pHansS eAsts thu surplus that should be
rscstnnf q, cfrs puhhc in the shape Of
cs.id,.sI charges Is MAKE into securt-
stse> el1ar shall os u basis Of exacting
shurf ti,s puhiie gnsutsr charges
This pra,:eiss TIN. Commission has
'n~ aruts.tN aupruxe.k With that
aQpranail il sfasS opeusL the door wide
IL Sss,sh supistia2!ng OF earnings rea,
aasSAhls. prsesmhs.a imaginary and
rtanxs. >uAit is wy have nexer dreamed
d. With iiJlnfit.1ble ci.tsn:es of liz
sssssSs'.l charges ami Increased Gust Of
Isfnk 10 ef1s' Edn9fe.
HIN experimentation OF reptt"Es ami
r.sAnsausatfsis Is .tfreSetS opposed co all
ssSauf ceulnses OF ct1ss Sanarftsstan. Net
IN Sfts nE0efa1:> eaqfsh fsaelon that It
aus mw rsSogu'.st amt desiarsd to
u shhl ami >stsren,, eifts Sl>.HNt.HH.-
MA, chns arc 1t'mn> q. eapit:u1:ed
ssaaf:> amt MA nrsishnss ethtrE'ss>, as
Qtfs eoi,tfrhs>s'o.t Knows very we'll. and
auun easss e hsS >ut.Ie't an annual
sttaAS:<,t' o. etht aupt,c % Dc mthte up OCT
aS o'ia' niiotamu ereaSarN> Il nset Ct.
tess amt i tfsu1 per CENT OF sacred pro-
nfs> au'asanfssd amt etiss naeton;A srsils-
a'S Cd frf4ks w, %tfaeeSer oaeration at
siass suuruuasSS increased rates may
ISL a. aftatna
sxss$ ta'lar of sapiealf1e't sarn-
fne<S m uiesss' eorpurae1anS IS L tes ut
ami sSeIS Ssne stSsn Front RE P',pllc
N o'htasss ueun seieh experimentation is
Il daan's crint
nt1s,snd - ta~sr> H. h;.drSa.t Cor
ps'naisss''t>S tlie oetfsr new prtneiple
ntss >HCsa'tlse't. e1fac investments IN
1stiisaht ht"e : ascufttr ami sacred
S''titn a. zuAetnnisuf procece1on amt
dAsut AnuAs oShst Investments Is
ssNuiAlS neSo'uf'"ntr% ami euiallN peru-
ad>
9r s1s Sosernrtent Is goink to guar
anfsa ttSssertsneS It Ought t. guiiran-
eset all tn&essrnsn tS
GnNs>eIftaneS IN tafrfs, plowS> eult1-
Sstaa - ami tmnlsscsa.is are Just is tnl-
laGEtne ~ eshs> n1El0n ~ Investments
IN naiinualS amt hskSe Just is great
assutns> t. Hussnninsut sons>'ueratlun
To srsuhs thus with one stroke Of
csiss' gan - CLASS ut investors privileged
saluse' all acsfsr etasSss, Il CLASS whose
ausSms$ senEutes the government will
nut aniS guarantee. but will tax the
nsh'un d. >uueure Is the most Ststrtt-
my Ispareuns rronh the prtnciples OF
esst hsputAlH Stae lnaS eser been taken.
u Il b Alu*e.t a. >esan.i it viii surely
cs>ue IN thu hks privileges being
>uusshE aint obtsansI by Wt1ateSer class