Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1942-10-26
Rails Meet
War Problems
OF Transport:

IL al! Inc OWE! GIN l>.bnS III war
industry had been managed with as
much skill and iu!c lc'it a. the rail-
roads. oar stage q. preparedness
you'd ..r II. sc adv auccd than it is,
,aIcS The Guaranty Trust Company
Il New York III discussing the rail-
Dad IN Ma ;.nlc IN tho current issue
ui The Guaranty Survey. IT'S month
v review ct business and financial
conditions ,G this country and
,Nioad. published today.
"ri,'= O., mmvndanlc record indi-
y.tyS that HE railroads are more e.
emily - .atvd under private con-
..Dl 'naH they would be under rrv-
'"a'a' operation. the Survey
r;".u--
9TH" .-nrc"cdCntcd traffic bur
- nat ma. been placed on the rail-
ads y -" extraordinary need, of
."."" H., been handled thus lar
g. notable absence of the con-
c-.um a"i delay that were cNpur-
:ct during the lat war.
.' -'|,inE contrast with condi-
dunn" the last war are the IL
"c.al results Of railway npcraiI MS.
H,.aInG revenues from 1916 10
"Sn brought no gain in net earn
~. :" the railroad system as a
'a".C. on the contrary. ret income
'"t.ncd steadily during that period,
MAINLY because of the staggering in
'r"'c IN operating costs. IL recent
months. no such difficulty mas been
"cr Un;crCd. ENp.u cave risen.
nc sure: wage rates advanced con-
dcrably before the rn;Iy Of the
.nitCd States into the var. and
r"r" recently there have been in
crtaScS IN costs of materials and
Equipment These increases. how
ever, have been held within limits
md have not prevented The carriers
from experiencing a substantial inn
prcvcmcnI ~ net income Although
nc roads nave prut.tcd from the
increase III .ui:IC ard In some en-
tent from the moderate rise in
.rc.gh, rates and passenger fares
early this year line combination 81.
higher costs ni labor and material,
and much heavier taxes has pre-
vcntcG them from receiving more
long pc..Cd ut financial rCVCrScS SUf-
.rr2d curing the great depression.
The volume OF freight traffic
carried 10y In" railroads has already
expanded tag beyond the figures at
tanned during the last wIr and the
prosperity ui the nIuctrCu-t wcntiC~
The total for last year. as measured
~ net lun-mi!cS, WAS Slightly above
The 1929 peak: and the figure To-. the
INST seven mu"inS OF This year shows
further gain of more than ,nr-
'hTG above last years level /. the
same rate ut gain /, shown for the
year - whole. Inc 1912 tn:ni Will
Be more than halt again rs large a.,
That !nr 1918. the peak year of
World War / The present Transport
'aiipn problem has been complicated
ny the great increase IN military
freight traffic. due IN pant To- large
Gale mCchani2atiun ui the armed
"!Hicc>. The traffic requirements o!
'"c Army during The last nine
month, have been twice those OF
n" entire last war.
The recent rise IN na,>ang y trIi-
.. '''''' ''"'"',"'S'"'
Wv '"r'i'"' 'S"'' Wa past per
- ,''S "ilP''H'''' because "i
..' 80 '.u! "'c'.''r III Id, "EAhch "i
.."'' ma "'s"'' III ~. amount
.'- 40, ''r%'' J.! 'N"-"'.. '' IRON, W."
200. NJ ''i,E-''''. ,'I'i decline
u. ..".''' '"'"'"''! '''..''a IN re-
's'' go ~ cf"''''''''.' an" me TASK
,:"'','' 'iS inc '".'i"N increased
nave been beyond ~" equipment