McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1921-10-28
PROPOSE TO REDUCE WAGES AND
REruRK ALL the SAVINGS ~
REDUCTION IN CHANCES.
FULL TEXT or PROPOSAL
Easement ~ Thomas Dewitt cuIysH.
Chairman Of the Association Of
q Hallway Executives On the
Situation.

way Executives. made the following
statement.
At Btlng OF the Association OF
Railway ke&utives today, it was de.
tsrmins3 by the railroads OF the Unit
ed stat ii seek to bring about re.
Auctioi An rates, and as a means to
that cid to seas reduction in pres
ent railroad T48sss pnich have com.
PEELED nalnts tnes q ne present
rates.
An application. YIN be made I'm.
mediately to the United STATED Rail.
road Labor Board for asreduction In
wages of train service employees suf-
ficisnt to remove the remainder Of the
increases made by the Labor Boards
decision of July 20, 1920, (which would
involve further reduction Of aprrofis
mately ten per cent and for a reduc-
ton in the wages of all other classes
OF railroad labor 10 the going rate for
such labor IN several territories where
the carriers operate.
70 Reduce Rates AZ Wages Go Down.
The foregoing action Is upon the UNI
lerstanding that concurfently with
such reduction In wages the benefit
or the reduction thus obtatned shall,
with the concurrence OF the Interstate
Commerce Commission. be passed on
to the public IN the reduction OF ex-
isting railroad rates, except in, 30 far
ss this reduction shail have been made
8 The meantime.
Ths management has decided upon
khk course in view OF their realiza-
tion OF the fact that the wheels VI In
aussrial activity have been closed down
30 d point which brings depression
and distress to the entire public. and
that scnsething must be done to start
thsm again IN operation.
The situation which c0Rfronts tbs
fAilrcads Ii extremely critical, The
Sailroada ~ 1910 realized asnet rail-
vay orsratIhs Income o4 about ,62.r
600, 900 upon pF0perty Investment Of
over I'll. 100000 900 and even this
Alaount o. ts1.O0o.ooo included back
1nail pay 1or prior years, received from
the govSr1nent q approximately ss4,-
e0,Oe0, q thus, showing. whom the
gereslone'oe shat yesr aione are con
- - a. ectual deficit nefors max-
= ~ ehowsncs tor satner ihterest
- aayedeada.
HAe yeer ended n serious depree-
ea1e - ~ osAnenss % rindnstry' aad
= nNrksd rsduceion "a r. MARKET ds-
xnAn0 fcr ana tAs praces q nAeic CON-
modities, resuAting ~ = very serious
3Ailing "a a ~ volume q traific
neAds rcrcs1 = psser maintenance.
- ~ sltaataon. = poicy OF the
mort rag1d eccnomy ana o. postpon-
ing and cutting 20 sne zone the UP
ksep g tAe propeISaes va saopted ~
- rA1ircAas Inis was o. tne Price
g negiecung, ana lor tne tAme, oe.
feFving Work xhich must hereafter.
- n ~ nsAr future be done ana
sid Tor. To- Y ihustrated ~ tns
eAct tAst agcf ssptemRsr ~ 1szA'
- .as,.h 49, = y ~ ,..r i, $50
- 80 n-S.. s.r r..A,r- ,.v.ssr. g
.Irs.1nat I normal w "a 0rder scars "
49, ,.sor. than IA. l,oN " Il fnrth&r Il.
IusIhr.tA6 w the dsf1rrs1 a. inade-
! 1v.1e naintsnanos ~ other euuapment
~ - roedvav ana structures.
nven nndsr tbosa ooaditions. ana
witA this Isrrs Mil charred nm ae,ainst
- f.,tuye. which rust soon s. pro.
vadei a. ana paid Il thu carrierr are
- .erfoem snccessf.lIy. thsir trans.
rnrsefia. Suti>s. - result ~ oners
$3.50 - - flrst sisht month ~
~. vesr - lsfest ay.alshle firurss.
- 49,. u Z rte a. M ysilvav "a.
er.tinx income before urovidinr for
snfarset or dividends. euountin~ 10
10 = ~ can't per annum 81 the
ra1s,at,oa u ~ carriar properties
40 ~ a. interstate CommSrce
oommission IN the recent rate case.
any amount not sufficient to pay The
lsterest on their outstanding bonds.