Ogden Standard-Examiner | 1922-04-06 | Page 1 | Cut in Rates Coming, Rail Leader Says

dim KATES COMING, RAIL LEADER SAYS Markham Declares Plumb Plan Agitation Leads to Danger Kli RETORT, Ills.. April 6. The belief be-lief that railroad rate are going to be reduced was expressed here today by C. H. Markham. president of the Illinois I niral Hailroad company, In in adiJr. L tore the Kotary and Kl-wanls Kl-wanls clubs of this city. '"I believe rates arc going to hs reduced. re-duced. " Mr. Markham said "How soon, I cannot say. It oit(;h'. not to bo until traffic ia increased to the point wrier'" earnings will be taiffi-cient taiffi-cient to safeguard the ubllc's tre- j mendous Stake In the railroad.-: and when e,,6tM have been still lurther re-; duced." Mr. Markham made his prediction following an outline of methods em-ployed em-ployed in financing and operattn? rall-i roads. He pointed out that railroad j executives, recognizing disturbed lum-nes lum-nes conditions of last year refrainti I Ij'om asking that rates be increused-, despite the fact that 'existing rat a nil short every month during th-rear th-rear of earning the return designated by law a- fair and reaor.able." MILLIONS LOBTi "The railroads did take notice of i troublesome agricultural conditions," j added Mr Markham, "and Janu.;r I. A1Z. they put into effect reductions! In frleght rates on furm product--! Which will cut many millions of dol-j tars Qff their revenues this year " After his discussion of rites and their relation to financing Mr. Markham Mark-ham told of his controversy with I (Jlenn B, Plumb, author ol the PlUinb llan of railroad operation. He de-j Clare d th.u Mr. Plumb "knows that his plan for syndicalist operation of! the railroad will never he adopted ra-1 tionully and he is seeking to bring ahout such a state of public opinion j among employes and th.- public that i 'he government will be forced '.0 take the railroads over." MAI i.l l BES1 Ol i s 'Nationalisation of th- railroads."! said Mr. Markham, "would be the! first step in a scheme for the nationalisation nation-alisation Of all industry th mines, the packing plunts. our factories, fac-tories, every business Institution In j the country. If we r nmze thh movement for what it really is, in time, we will nail it. Otherwise U; niay get the best of us."