The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-08-06
INCREASES RATE
LATE THIS f:sGNGT7s.
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the pg!ce Of suit Of clc>hes or o@%
fourth Of one cent in lhe ryic@ q !
loaf OF bread. Eea@e tae p&11.s~
should De informed and the forces
Of the government shoU.d oe OF
guard to see that &c unjUsJ IL ,2-e
burden is imposed Oh the peoEte as I;
result OF the commissions solution o.
the financial problems OF rhe '@il'
roads
Coal, Mr., Lauck said, was one com
,nedity. The price Of which would be
directly and apprecisbly increased
to the consumer by the rate advance:
the amount being from IS cents tc
Sl.35 per ton. Including ali Of the
transportation costs entering ln1e
the Wholesale meat prices, re as
serted, naming the hauling OF teeo
to cattle and the movement OF i've
stock before killing the mailman Ell
feet of the advance would be !esi
than a cent pound On four, he
said, the increased cost At Ph'ia0e'-
phia would amount SO cents par
rel, while on suit Of clothes mace
on the Atlantic coast and retailed Gi.
the Pacific the increased freight
would amount to nine cents.
''The great industries OF the coaA-
try could amply afford to deduct the
increased freight rate from the price
OF their products he added, aftea
presenting some statistics OF proF3ts
of producing corporations, thus al
lowing the commodity TO reach the re-
taller at the same price as formerly.
BY so doing they would be decreas-
ing their excess profits less than ore
fourth and still have Left their fulS
normal profit and three-fourths OF
more Of the excess. profits which they
are now making"
Washington, Aug. 2.-Conpletion
of" the scycle of government man
agement of the railroad industry
through increases IN freight and
passenger fares was said today BY
Fairfax Harrison, president OF the
Southern railway system, to leave to
the carriers of the country the o2-
portunity for a constant and pro
gressive reduction of rates accom-
panied by an enlargement Of serv-
ice.
..The tremendous increase Of rail
road rates authorized by the commits.
sion," said President Harrison in d
formal statement, "seen1S to COM
plete the cycle Of government man
agement Of the railroads. 1t was.
not to carry the scale OF expenses
set up by the railroad administration,
but.it must cause great concern as to.
its economic consequences.
.sIt now remains for private man
agement to resume the practice OF
competitive efficiency and self re-
liant initiative which distinguishes
the American railroad during SO
many years, and to justify the pref
erence Of the American people for
that form OF administration by max
ing possible not only the Success OF
individual companies and the pros
perity Of their loyal employees, but
constant and progressive reduction
Of rates, accompanied by an enlarge
nent CT. service to the public, such
as may be traced through the cid
fashioned railroad statistics No one
can expect this to be accomplished
over night, considering the practical
condition, but a start can be made at
once. Relying on the cooperation and
support Of the employees, the man
agement of the Southern railway sys-
tenn will make the effort.
New Orleans, Aug. 2.-The COM
nercial cotton crop for the season Of
1919-20, which ended Saturday, was
placed at 12,443,0G0 bales il figures
issued today by II. G. Hester, sec
retary Of the New Orleans cotton ex
change. This crop was somewhat
larger than expected and compares
with crop lest year Of il,6z0,000
o,d 4 OoT HA0 TWO yoarc oc-0