The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-07

80 "
sicis In the business, instead of vi
crvusing The debts Of thert cumpaniel
That. however, waH absolutely impoI
albie. ns investors Will not buy stod
In any large amount az par q = =
The quotations Of May rs FOR the prcI
n stocks Of these companies are, 4
500 shares:
Atlantic Coast Line -
Louisville A Nashville. ......f. W
New YORK Central. -
Northern Pacific ACKNOWLEDGEMENTS -
fenusylvaniA ..4.......4.sttss...s so
rate today is seven per cent, ~ On
seven times In the history Of the bad
has the rate reached that level.
In the next three years thcrc n
t56i.2t0Si7 Of maturing o%hiigaiiod
mot counting equipment notes 1
notes running n year or lcssl WIN
can be handled to much better 4
vantage II the railroads are %sclt-sul
tanning. Many OF these ohligatioi
hear low rates % Interest which
course. IN u benefit Ia the whole situI
iion. n they have IN he refunded
a very much Increased rate 81
tercat, the burden on the trunspai
tHtion business is that much EreatI
\ prompt and liberal decision
to the revenue needs 81 tho railroaI
will have an undoubted effect on
minds Of the investors when thcI
maturing obligations have to he TAXI
~ and paid off boy the issue of nd
securities.
The Officers 81 the railroads II
here not only az representative
tho 100000 people who ~ seoul
ties. hut also NJ the 5O.OOO. 600
more people who are Interested In Il
Integrity ~ their savings bank dcpJ
its aud N their Insurance policiI
which are secured IN a large dcgI
hy investment in railroads.
IlaIlroad Men I,cniIsc Their Stewart
ship
They are approaching this suhjol
not only ~ railroad officers. but
quasi public servants realizing thl
responsibility to de- their part len 4
iusting rightly these w. 81 1000 .0nl
goo questions.
They realize also the responsible
Of the commission and they are I'D
Tor the common cause ~ obtafn
promptly an adjustment ~ rates M
will meet the letter and spirit ~
new law. make tho railroads "A
sustaining and relieve the TrcastI
- the United states from the nee
Hity Of constant appropriations.
They believe that this subject m
he looked az IN % yer broad. Il
sighted way and that an intrrfs |
must consider the long future ~ 1
country A. welt as tho ruuuliCi
and difficult present.
They also realize that iu any
lustm'nt 90 rates there Will De- m
%difficulflos Hut ths believe DO
important for h prompt decision
minor or lncnl irritating questions
detail should not confuse or delay /
Settl, meht ~ the major question
furnishing adequate transportation
kccping with the magnitude of
United States
They believe that the present ca
nrs ~ the railroads are plainly |
Hdoguntr ana that in the interest
service 90 % public and proper
Vsiopment ~ the country the
should De Interpreted In l rcurrI
spirit and that their suggestions II
the minimum required on "a, Il
81 tho present seal" ~ age ShuI
these wages be- increased uN !
labor board. additional revenue "a
b" ohtidn'd TO meet th" .ucrrusl
Country WIN Prosper IL pr~pt
l. Worked FOR
OF. HA"h HHNN" NHHANH NNh. ''N .
wonderful growth Of the country
thu railroads. serving b. and J DOM
the next ufty viii show greater
v'lopment after we get squared n
from some NJ the disturbances
Fuiting from tho world war.
ncvo further that there BE- man puy
brain power courage. common SCI
patriotism and vision enough iu
country to succeed " an VIII uull
gcthcr work long and hard and p
lu1to selfIShuesH. astc and
arHuDy.
An good citizens should support
Interstate Commerce Commission
th" Labor Board bee arriving
pumpt and just answer go tine
large questions Of railroad wages
. railroad rates, ~ that when tho
Cisiuus are made they viii bo ICc'
81 and the business uf 90. yuuI
viii Ipain become active.
believe. ls people uudrrzt
better tn" responsibility ct these
groups of men. hat have tho {
deciding voice in these matters.
they viii help.