Marble Hill press., 1921-11-03
RAILROAD PLAN TO /.
GET RATES DOWN
Pruuoss 10 Reduce Wages and
Return lll the Saving BY
Reduction 10 Charges.
FULL TEXT Of THE PROPOSAL
stAtswsn, ~ Thems, De viii cuylsF.
Chairman o' tNs Atsseiau9n 81
Railway Executives, on the
S,iua'ion.

rnNHvirr . mrsiiVr IN t-NiHa-N oe
,Nsss q 1881 ~ ~. presidents a
rrlfl, ~ ~ the 10 finr railroads In
T. .Hlu'ry NJ Thomas n Wit
e f'a hartman ~ th. Assr 'a'lon
a. q. NtT ~ u'igHs. w g. $50 iol
g. Hr statement
~ meeting ~ the AsNfiaiinn n
- Rsiiwas ENctu'iye tnfar vN'
fa'sfminsi b, tn ra.,i, Of ihs
f.ifsd States. a. seek 60 tslF- atoIt
rsdulii iiun Ia present railroad ~aF",
~Ni.h have compelled ma'n''1aH. .
81 the prcssut rates
An application wiit b. wsdF ~.
r1eaIatsly 10 the United States Rail
rnsd Labor BOARD Cor reduction is
wages - trsin seFvtrs employees
sHr'fisnt o. remove ~" remainder
81. tho increases made ~ the l.ahuf
UH.sds decision ~ IllN 81. i9sa.
vAt.h would Involve . further re
A. ton oi aprfosimatsl, ter Per cent
ava fcf = frhu,tiHU o. 'hs rHt"s -
all other classes of railroad lAhuf 60
So roiuE rate for such labor IN SOW
,Fal territories whore ~" carries oP
crate
To rscuee Rates a. wages Go oe~r.
Tile FOREGOING action u upon 'hs
rrfafstarairr that yunruftsntiv wih
sub retu,iinH In vaTss the h"nshi
az the reduction thus obtained shall
uf'N thn Concurrence - tho tnt~reais
Commerce Commia ia ION. be passed ~
20 ne public IN the reduction ~ ~
istIrr ralitoad fatss. except In - ~
ns fHs frdh,tion shah have been
made 10 thc meantime
Tfs msua rauHrts have d. 'f"f
rrHa this ,,#fsr in 'i"~ oi th~i'
realization o1 'hs 'a,i that the wheels
rf .stlstrlai activity have hssr slns"i
dnan 10 point uhish hriuEs aspf-s
,.u# and distress O. The "n'ire publie
arF hat somsthiaf must b done "a
t'4-t them again in operation
-fa Ffturf.gr whftt raEifons ihe
:, Hrrada Is extremely rfit4Ual Tho
ra 'fusds IN 1890 reaiifsi no, op>rai
l.. .#.. me- - H'ra' 90 e"e 49, urnn
o. #a.TfE I..rs. s"# #f' ~
q. o.. .a. srf s,rn fNH amauu, ~
81 H.#a Ir.'Hfaf hs.t mail paH go
Yrigf 90. rr sitsf trrw iss I5fsr7.
r.stt ~ ,r-uriHats' SO .'ae e..
- .t-.rr ~k.r e., or. .ati,4.
.,a., ,..s .f,n. s-s ,r-s.f.-s,l. ~
,aa' ~. 80 tsfc-e mailing any ai
l..at,. e.. either Interest 80 at.
e ds
The yesr ended IN f"Fious dsp'e.
sion On al hTaHsh"# - .aaas'f hHf
iu usrks# fraa. ..H 20 'as uaf
der q fyr a"f '." prices ~ hff.,
cufHn Hl.tIss. f.Ha.'I.E Ir '''r So.
ogs failiuE ~ IN ihe - me - Hsfl'
pfF-- scr = Ds'sF "au,t1srss
At- ..,.-.... ..f... a, -.
49,. ..., l., -. ..,..t-,
.t. -. ,,t..,
-. -. ,... ..t.,-,,4 =, st.
az. ~.r
..... &c.,. t....
-.. 80. 80,
..t 80
-t.. ..,,.,-...t b.. h.
thst a. -. Sor,r-rher Is. 1881. e1e-
is p.r cent o. z-Itri IN numher. %,
the freight cars - the Oarrisrs ~cre
In bad order and r"~tiuE frpalFs. a.
against a normal o' Nad order caFs -
not more than 10000 aua as i
further illustrated hF the d"ieTrei
and insdequat" maintenance % other
equipment and 81 road~ay and suao
tures
Even under tnrsr conditions and
with this large bin rharrcd 90 aEAinst
the future-uhisr must saaa hs pro
,ided Tor and paid Y the carriers are
To perform surcrs fully. their trAns
portatlor dr,ies the result of uPora
lions for III" hrs, eight months 81
this yrar the latest available frures
has been a, rate ni net rAIlway
,pern,inr income before providing for
Int.r.st or dividends amounting 10
,nly 2s per cent per annam on N.
yntnation Of the carrier pronrtttes
made hy the Interstate commerce
commission in the r-crn, rate case
an amount not sufficient IN nav IN.
interest on their onts-,ndlnr bonds
o., ..,
s.,n
IL ~ manifest rom 'hls showing.
mat ihe rate ot return d Sa or
per cent ior 'he hrst t~o years after
March l. is+V' hfed IN the transports
iauon ACT as minimum reasonable
railroad ka