The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-02-23
CASE OF THE RAILROADS.

TO the Herald The testimony of William IT, McAdoo
former Secretary of the Treasury and Deetoreea OF
and of Director General Walker d. Hines before m
Senate committee on Interstate Commerce Is no" pe'ie ' ~
interested in railroads 500OO of people directly aud
indirectly through savings bank deposits insurance pol"
cies, work and investments
Manv NAV reconcile of Mr. Hines when he pro-
against ownership of our railroads The expert
cnc of Federal control railroads was
lesson increased the already burded peo
Die The security holders railroads evidently in similar
frame testimony dterentS parts Oh he
country is evidence convictions But haw Mr. cAdoo
testimony be made be with the statement OF President wilson
when he took possession of the roads December 81 1917:
railway securities rest assured that their rights
and interests will as scrupuouy looked after by the Government
as they directors of the several railway systems
If his why President Will
son to sign February 1920 the transportation act passed
by Republican House and Senate? The purpose TINS new trans
portaon guarantee the railroads certain conditions
would eventually benefit the investors railroad securities
people of the United States we for must remember
those 100000 and of people interested directly and d
recy in the welfare of our railroads.
The their private President
March 1920 days after he signed the ranspor
ration President Wilson statement that the
rights railway securities would be scr
puousy by the Government and in view of Mr. Me
Adoos testimony quotation fro mthe article OF Floyd y" Parsons
in the February the Worlds Work is of interest
abnormal for equipment and
Government control since them i'm
probable of the facts available During test period Of time
prior taking the roads by the Government the
average of something 100000 ties 100000 tons of rails
cubic yards of ballast and hardly would be
enough say that the prior to the spent
G. maintenance than necessary.
YET during twentysix months of Federal control e
failed make the replacement
300O00 failed make the replacement of rails
100000 and failed to make the replacement of bal
by 100000 cubic yards
In the of equipment 75 per of the companies loco
motives and 90 of their bad order when they
dover the Government When the
269 per the locomotives bad
indicates undermaintenane amounting about $500
approximately $4,000 freight during Govern
control Ic
For twenty-five years of the politicians of the two major
PARTIES for the sake of expedency and sneres attacked
the railroads of country and instances the people have
misled by politicians The railroads in past like
dreduy punished for these Mistakes have the
be recalled that of voters have supported the
emagogc attitude of politicians their personal inter
their properties and thus jeopardy their hard
savings They have walked like sheep the butchers
have their threats Many belefe that
at last personally interested the fate of @ securities
he demagogc politician reckond be the slide his
attacks the railroads. the properties of the people Sc
1t takes the American people time awake but when 81
awakened they become rather ruthless their anger especially tie
rs become convinced of the truhat railroads er
airy the business life and homes of this nation
uman body PHILIP KING. So
Washington, D. c., February We