Evening journal., 1921-10-06
THURSDAY, OCTOBER 9, 1921
HooNERs wonrn.MHLE AppREss.

WYE publish elsewhere in paper today address
w delivered in behalf Of Secretary OF Commerce Her
bert c. Hoover before the American Electric Railway As
ISOLATION Atlantic City this morning It bristles with
timely information in tabloid form and should be read
painstakingly and with open mind by the Delaware public
1t shows that the members OF the American Electric
Railway Association represent s6ooo0OOOo OF nxed in
vestment and that much industrial and other business
credit based upon that investment The electric rail-
way lines In the association employ approximately 100000
normal times and burn annually than i6oo-
600 OF coal The payroll amounts 10 $780,
0O0o00 the supply materials purchased annually cost
s3OoO00O00 while The lines transport each year from
i2Ooo00000O to i50o0OOOOOO passengers twelve times
the number carried by the steam railroads
We call special attention to these paragraphs
in the Hoover address
1T would appear that the only thing which kept you
going as industry during OF the past years has
been the necessity OF service in order that the
rest Of the community could progress and function indus
trialy and socially.
when ] speak OF your industry ! and visualize
the urban and nterurban transportation business. For
the outset that except for the natural desire
to protect your reasonable investment in railways as
such, you recognize your responsibility TO furnish TO
community the transportation which necessary its
development and irrespective OF what physical
agency you may deem best TO utilize for the purpose
'But even with the necessity OF your service recog-
in way which differs from the condition OF other indus
tries in many respects
THE condition OF your industry is indeed critical in
many respects The whole condition has arisen at least
part Il to me- from lack OF appreciation both
on the part Of the general public your part Of
the basis nterdependence OF industry and the rest
OF the Industries Of the community and country.
The public. It's part not only must recognize your
in relation to other Industries and businesses bu
recognize you industry and business subject
the impact OF economic laws that dominate the other
Industries and businesses To be sure the classification
OF your business public utility has eniailed regulation
OF rates designed TO take the place competition which
is the main absent and intelligent regulation realize.
the necessity Of proper return actual capital invested
if these services be extended maintained There
be question that in the face OF rising prices
with at the time regulated income, both ndustr,
and service have suffered greatly during the last sn
years; falling prices and wages will Inherently mprov,
this situation.
Beyond this, however there needed a better under
standing Of the ntereson OF these factors with eaci
other and Of your Importance to the community and {
industry and employment a whole il we are to re
economic stability, and il these services are to de
veop. ! know OF only one way TO fun understanding o
these mattersceaseess public education the emenia
facts
Mr. Hooyer might have added that ono Of the most i'm
porani phases OF that education should be TO lead tn
American public to put proper value upon the yindlcv
and ignorant Naporngs OF apostles OF transportation
industrial unrest in country who are the cause
much Of the trouble which develops from time tim
and inevitably at the expense OF public which, only to
often smiles sympahetcay at such agitaiors while The
are engaged in creating conditions which look to the oo
ing Of the public pocket