Show EARNINGS ARE the statement is published broadcast that railroad carn earnings ings in tho the united states increased inci eased a billion dollars in 1916 this la Is made tho the basis of new crusades against tho the railroads by alio ahr political agitator and tho the take one ona of tile tho most moat prosperous ordus and lest best managed railroads in fit tile tho west alia chicago milwaukee st paul 4 1 1 its earnings increased tor for tile tho year ending july 1 1916 over tile tho previous year from rom 91 2 1 to nut cst cot of operation and taxes cost leaving leahl net earnings or lest titan than six per cent on tile investment the actual cost of tile the properties are over and they could not bo be replaced tor for near licar that at preson tt cost of labor and materials this rall orad pays 4 per cent on its bonds 6 per cent 0 common stork and 7 por per cent on olt itu ito preferred stock and has fins a hard time doing it As aa a matter of fact taxes and labor cost and material cost has increased faster than carn earnings friga and there seems to bo be no way to check that drain on the property concluded or olt pago 8 E A I 1 IN I 1 N IS AUK alti concluded from pago page 6 tho the same 1 Is 1 truo true ot of every rail road lit in the country countr and explains why lit in tile the past three years capital has refused to go into construction and extension 0 of railroads it also explains why they cannot got sufficient Buni clont ca tor for double tracking and to for r tile the greatly needed terminals and further why largo blocks ot of american capital are going cintli ami war bonds bonda |