Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-05-13

commissions. The statements have
however. not yet been made avail
able for examination by the pub
lie at the office of the commission
1t is said. however. that additicna
copies will be supplied to the com.
mission as soon as the same can be
printed. l have examined each
statement and can set out briefly
herein the extent of the carriers
demands in each case. I have also
arranged with Judge Thorn, rep.
resentative of the railway execu.
tives. to suppl. me with a sufficient
number Of copies of each statement
when printed so that | can distrib.
ute the same to all commissions
In official classification territory
1t is claimed that the aggregate in.
vestment of tho carriers making
the statement (144 class I. II. and
III roads and switching and termi,
nal companies) is S936S. 69S.69S
upon which a return at per cent
would amount to S562,12t, 921; that
the net railway operating income
lpl lHt year tllutu" pCfbb"I q
--adjusted-was S1S.00S.219, leav.
ing a deficit below per cent re-
turn of s544,113,702; that the nee
essary increase in total revenues
to yield such return would be
21,6 per cent, or If applied to
freight revenue alone. S0.43 per
cent"
In southern Classification terri
tory it is claimed that the proper
ty investment of the roads repre-
scented (roads aggregating $4,000
miles out of total of $4,000 milesl
is sass, $50, 94S, upon which re-
turn of 6 per cent would amount to
$137 039457: that the net railway
operating income for the year end
ed October 81, 1919,-adjusted--
was S16.269,429 leaving a deficit
below per cent return of $120,-
770,02S: that If the necessary in
crease in revenue were to be OBJ
tanned by an increase in total OPP
Grating revenue. the percentage of
increase required would be 20.759
per cent, or If in freight revenue
alone, 30951 per cent. 1t is pro-
posed that the increase be placed
entirely upon freight revenues.
Certain specific increases in COM
modify rates on coal and coke, ce-
ment, crushed rock. etc. are pro-
posed, and "all other freight rates,
class and commodity are recon-
mended to be increased 81 per
cent.
In western classification territory
IL IN
vestment on the carriers represent
ed GS5 railways and systems class
I, III, and III operating 1920
milesl is sS,s63,SS3,573, upon
which a return at per cent would
amount to S537.S33,024; that in
1919 the net railway net operating
Observation-Disclosures 1884, $780,
739, leaving a deficit below a 6
per cent return of 1852, 1898, 266,
that if the necessary increase in
revenue were obtained by an in
crease in freight rates alone, as IS
recommended the required in
crease would be 1891 per cent.
In each of the foregoing state
ments the book accounts of the
carriers are taken as representing
the minimum value of their prop
critics. The statements are too ex-
tended for me to attempt to sum-
marize the same. | shall distribute
printed copies at the earliest posi-
BILE moment,
| am advised that the commission
will set these applications for hear
ing at some early date-not i'm
probably the early part of June.
Announcement of the date may be
expected shortly perhaps within a
week.
1t is my hope that steps will be
Immediately taken to secure in this
great rate proceeding such uni
formity of action on the part of the