The Filer record. (Filer, Idaho) 1919-1930, 1922-06-01
Freight Rate Cut Which win
Save People $500, 100000
a Year Is Ordered.
SHOULD REVIVE BUSINESS
No Lst-up In Attack on Attorney Gen.
srsl osuoherty--Banksrs Meet In
Paris to Solve international
Loan Problsm-commu-
nlst Outbreak In
Bulgaria.
ny EDWARD W. pIckAao

EOh some time President Harding
hns been striving 20 bring about a
general agreement by the railways OF
The country 10 reduce freight rates
materially and voluntarily. accepting
The opinion Of many experts that low.
~ rates are essential 10 the recovery
az business IN the United States. lie
cnllcd u number ~ railway executives
70 q conference In the White House
ami laid the cuse before thetn, aud
they named committee OF their mem
befship 10 cooperate with the inter.
state commerce commission IN A..
tempting 10 realize the Presidents
wishes. This looked promising until
Mr. Harding few days later admitted
that the railway chiefs had so clearly
presented 20 him the difficulties Of the
situation that he wns not very san.
gulne Of success
Then the Interstate commerce com.
mission by Itself came 70 the rescue |
and on Wednesday announced y decl.
sion IN accordance with which rates
on nearly all clns-es and commodltles
81 irniiic viii be reduced on July by
amounts equal 20 10 per cent Of their
present levels. The chief commodities
excluded from the reduction are agrl.
cultural products IN OH sectlonSS out.
side ~ New Eneland. live stock aud
western grain and grain products
The order reniiirn~ the reduction ~
iVh per cent IN the western hay and
grain rnter last fall nnd the cut nf ,
10 Per cent made Voluntarily by The
reads on agricultural products. Jan. A
uary =
According 20 The setlmnie~ ~ ~. 4
perts. the Reductions mean = saving !
n approximately stntOoOn y year h
In the rail transportation bills 81 the 1
,merlcun people. The farmers alone T.
hey say. VIII benefit ~ the extent of Al
onle sle5wntssl year on f,~.ls thai y
hey huy nermnIly The eur l. ex "
'eefed 70 inervase huvine and thus .,
Emulate Industry and diminish nm. n
employment On this there T. general In
rrretnent amonr manufacturers. mer. g,
handi~erS and bankers. NJ
MANY ~ the mil executives were Va
]
"n's dse'Slon hat al>e quite dl~rrnn.
~ holding that The rv,inctlen should :
ave he~n tS'Stpened until the roads uu
~ accumulated mnre funds Through al
rreasei earnings Others. however 90
iuiitte,i that tho ie~s IN freight rrv. ny
ne probably sonla ~ msrr than OF da
~ incrva~r IN irsfsc set
The Interstate c,,pmerce rommi<~l,,n -
rlusied IN IT, ds,ei<ioa the Aetermina N,
~ ~ ofa per r~nt a. the rva<s.nahls.
nnni retern far carriers nn their 49,
i'iial Investment a. ccmtarvd With ~.
= per c~ut level previously axra ~.
n new uxure REALLY ameunts ~
: r~ni. sine the fesernl corporation -
s'ns taxes arv snbtrncted frum -
'nlngS hsfor~ profits arr figured r,.
,neshsr part % President uar,linr'S Ha,
q was voluntary acccplance OF for,
'vsnction ~ ~age< hy the rnliway nan
'theFhos~iS. At present there 4 III. rrr
prospect ~ this bur the railway ing
or board i expected to make a de- rhr
Ion s"eo "n wagc questions that nc
~ Teen pending hcfere Il. the mud the
- BE baSed SAFELY ou evidence stoo
sroted IN the hearings. n j. e~tl eser
led hy the hurcnu % railway eco arm,
nhS that railway labor haar,i er, abl,
: 10 date are SAVING the r,a,l< <st0 s.e,
no . year IN reduced va~,.. 50 ars
q OF me fright reduction eevins rena
ally "a have been unload,,l nan