Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1922-10-05
BABSON SAYS
Rail Strike Settlement

Wellesley Hills, Mass, Oct. r.
Since the settlement of the railroad
strike many tips have come from Wall
street relative to the purchase of rail
road securities. Relative to these
recommendations, Roger w. Babson
today issued the following statement;
"There is no doubt but that the
settlement of the railroad strike is ia
vorable TO general business Owing to
the coal situation, such settlement
was absolutely necessary. Moreover,
it has been more or less favorable to
the railroads. The wage workers have
gone back at the rates determined by
the Railroad Labor board and most Of
those who went out on strike are sorry
that they did it. The seniority ques-
ton was settled on a $3.50 basis,
neither side claiming a victory. This
also is well for all concerned because
the railroads are now able to restore
seniority rights to the good men who
deserve them and to withhold them
from those who do not Wall street
is justified in sending out reports that
the settlement is favorable to railroad
securities.
EXPENSIVE TO BOTH
"The settlement of the strike on
the present basis should also prompt
both sides to 'count ten before an
other strike is precipitated. In other
words. the railroad strike was expen-
sive for both the railroads and the
wage workers. The wage-workers to-
day realize that the railroads are
stronger and better able to handle a |
labor situation than has been the case
for many years, while the railroads |
have greater respect for the labor |
Unions than they have had heretofore. !
All of this means that when another
difference arises both sides will be an
xious to patch up the difficulty before
a strike is called instead of being an
xious to precipitate a strike as seems
10 have been the case two months ago.
barring the European stu
alton which may adversely affect all
securities, feel fairly optimistic on
-ailroad securities. say that the
European situation may adversely af-
Feet all securities because people are
liable to rush to sell their European Sc
.urities and in so doing all securities
will he affected, even though another
Eurdpean war would ultimately helm
our industrials anil indirectly our rail
roads,
BUY WITH CARE
"Railroad securities, however, must
De bought with great discrimination.
The time is past when all railroads are
rood or bad. The next few years will
witness as great changes in the rail
Dad field as the past ten have witnes-
ed in the traction field. Railroads
lave already felt the effects of pleasure
but have not really begun
ret to feel the effects of auto trucking.
The trucking of goods within radii of
fifty or 100 miles has only begun and
his radius may readily be extended to
over 200 or $50 miles. Transconti-
ental systems such as the Union Paci-
&C. Northern Pacific. Great Northern,
southern Palific, Chicago, Rock Island
Pacific, and Atchison have nothing
o fear from the trucks Tn fact, the
rucks may help them.
"Roads like the New York Central,
Baltimore & Ohio and the Southern can
urvive and perhaps profit under this
With road such as the
;oston & Maine, New Haven, Penn
ylvania, Chicago & Northwestern,
leading and the like, this is not true.
hese roads are bound to suffer far
lore from the truck than they now
link possible.
GIVE shall live TO see great high
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