Evening star., 1923-09-14

Mr. Walz,.w during the war =seEv-i
ed with the war industries board and
was closely associated with Pope
Yeatman and the price-fxing COM
both Mexico apd Chilli, and says the
reason so little Is heard of disturb
ances in those countries is because
of the. sparsely populated localities
affected. -
While not generally known. it is
said that because of the continual
rumblings near Val Paraiso, Chilli the
Guggenheim interests disposed of
their holdings in the Braden and Chilli
copper companies. claiming that ore
can be made worthless by earth
Quakes in so far as affecting its
value, a theory that is substantiated
by Mr.. Walz.
The engineer gave the writer an
interesting explanation of the causes
of the earth's disturbances, stresslng
the formation of faults" measure
ment of throws" etc, and said that
the throw in the recent Japanese
catastrophe must have been far
greater than that which caused such
havoc in San Francisco.
"a clean performance" was the terse
but expressive phrase used by Hale
Holden of Chicago, president of the
road. when asked in the New Willard
Hotel how the carriers had measured
up during the past year.
Never in the history OF American
railroads has such prosperous year
been experienced" chuckled the Of
fetal, as he dictated a telegram. "Es-
pecially is this true since last April.
when the $500, 100000 budget went
into effect. The distribution of this
vast sum, which has been almost en-
tirely utilized. has been one OF the
main factors in the present prosperity
of the country.
The peak of all hauling was reached
during the last week in August, when
more than 10000 loaded cars were
moved, the greatest number In his
tory. There were also weeks in July
and August when the million mark
was touched. From present indica-
tions this unprecedented business will
continue through the fall, and there
is every reason to believe that next
years hauling will be greater than
this
'the roads have had an exceptional
year In the matter of disturbances
that retard their progress There
.Aave been no strikes, the relations
between carriers and shippers are
growing more friendly each day, and
never has there been such co-opera-
ton between the two and the labor
country meetings of shippers and
road owners are being held and the
more the two come together the bet
ter is their understanding of each
others difficulties. IL is really Won
derful."
Mr.. Holden explained that the ex-
penditure of more than $450,000.o00
on permanent way. improvement OF
signal terminal and track facilities
had aided greatly to the present
prosperous situation. Naturally"
| said he, 'the spending of such
amounts will lessen dividends tenn
porariIy. but the increased business
later will repay security holders q
| hundredfold.
"You see. our program stimulates
road building, erection of homes,
| hotels, etc, and thereby makes work
! for thousands in labor. 1t is one OF
| the prime factors in solving the coun-
| try's economical problem.
| 1t was learned further that the
percentage of bad order equipment OF
! the roads of the country was at its
! lowest mark at present. that there is
| no car shortage and that substan-
! tial surplus Is being realized
| Mr.. Holden called on President COOL
! idge, but said that all he talked about
| was the age-long rivalry that had al
ways existed between his alma mater,
{ williams College, and Amherst, where
| the Chief Executive was student.
| The Burlington official was MEM
Der of the class of 1890. He is chair
/, man of the executive committee Of
| the Association of Railroad Execu-
| tives. THE MIXER,