Sioux County pioneer., 1921-12-15

UNITED 0lA1E0 OlN 1f1Elh
PROPERTY INVESTMENTS.
l9l2. ACKNOWLEDGEMENTS .a.SO per cent
1913. 13....................515 per cent
1914, Alt per cent
l9l0. .....,...,......,..4. .4.zV per cent
1916 fiscal year. 500 per cent
1916 calendar year. ,6:16 per cent
l9lI. .0.zo per cent
1913. S................,,.. .3.51 per cent
l0l3. ....,....s...,.ss,@. @.4o per cent
1920. 0..,...,.....,..,,... per cent
1t will thus be noted that during the
years when other industries We're mak.
ing very large profits, when the prices
of farm products and the wages Of
labor We're soaring to unheard Of
heights, the earnings upon railroad In.
,vestment In the United States were
held within very narrow limits and
that they have during the past four
years progressively declined.
Roads Handicapped More Than other
Business.
2. The railroads are responsible to
the public for providing adequate
transportation. Their charges are lim=
tied by public authority and they Are
in very large respects (notably for
labor) compelled to spend money on .
basis fixed by public authority. The
margin within which they are permit
ted to earn 4 return Rlppon their invest.
mept or to offer ipdueements to attfaet
new capital for extensions and better:
ments, !s extremely limited: However
much the railroads might desire, there's
fore, to reduce their charges In times
Of depression, it will be perceived that
the limitations surrounding their
action do not permit them to give ef-
feet to broad and elastic policies which
might very properly govern other lines
OF business not thus restricted. 1t
has been urged np8R l! the tbs railroads al Il , that
q reduction In rates Will sfimlH.}laltte mlH.}l alt
traffic and that Increased traffic VIII
protect the carriers from the loss In:
cident to reduction In rates. The
railroad arrangements cannot disguise
from themselves that this suggestion
is merely conjectural and that an ad-
verse result of the experiment would
be disastrous not only to the railroads
b1t'te ans aAb}iei whose 9see g!lp supreme need
is adequate transportatioa.
Consequently. the railroad manage.
msnts cannot feel justified in placing
these Instr instrumentalities, 60 essential e
sSsE senjeeture ~ 7s7''
FlFaasrs Especially Need Lever R!sttees: stteess !:
II ia syias9t, oA9WsXsf, that extstiaE
cases q dispropcrlisEats Fslati9HsbIh tS
Se be- sold in the market and that esistiasst tiist
labor and other costs Of transportation
thus impose upon industry and agri-
spsh hey ssoaa bear Tsis Is ssps
StHis aks II sfa TsslIhg tsSsIitss Il
4R,sR &! 1Sss fSs!I
unskilled labor when similar labor Il
could Be easily obtained by them at
covptry paid In In 1920 t9tal Of censid:
er4pty RysF $t.9vH;yyv:oyy t3 t3, ,49hHssukllleA
s.xss T. e. & Rf /. tGlI spylssHy g. EfRaI saassB 81
paid 9Ht .gf FAttFoa4 sAr rHlAEST Blea3
tina taduytffeA Whteh use the TaiIfga41
are capable Si lasstfnS AYeh charges;
h1ople generally. are also HSmHarea III
thefr efforts to economixe bysa Iched:
ale OF working rules and con 4itf0lsi
aoM I'm forge as heritage from the
# asssEs eeRsss aae ses Rsses's ees
ssss: f!S@s22al5 ssa
ds,onS densSms upon shs as saasei5sss slai ssi ssfi
5the 5bills. This schedule OF waSesr End
~ ssyOrking conditions prAvents th0.
rsilroads from dealing eQuitAbly with.
fESif LABOR costs in accordance With,
ESSssa III Shapging conditions and the
sHMSfEHls ysttrtE 0f loc4l canstqe tions
VI sSs. .sssIES ss9S
s,s workasn. asss.aafil .saafilaf{tlehs sbrs - s
The sa'rsos' ao& S ssss ss
Al,. M NM the sanction Of the Haj(rasd
fsahar board, The railFoads VIII pres
essS cen " wIth shs III haiiroad Labo Board Shsil
havs Givsn ~ assent 20 the 9, 4 .ssauetten g e
sss sssss rsii bs put into satsct. I