Show Who Vho Owns the Railroads 11 i f American railroads are public publicity It owned ned Figures compiled from from the I official reports of the Com om mace show ho that on December 31 I there were ere rot hollers of I the capital stock of roll ill rail Wass S in the United Stalest Stales States tIlL the th par salve of which was 9 D I ahle These figures tike take no acc account tint of or more of ers err scattered ill all beer tho the United Unite States whose who hoe e interest in the financial success of the railroads is I great grell as that of the stockholders Insurance C companies companies and ind sa savings banks ire are particularly particular large owners of railroad This means that the beneficiaries of more n 11 san 17 life insurance policies the holders and and- of over o 51 1 industrial insurance polIcIes and the 46 savings bank bink de depositors depositors also nJ aie e in 10 the successful operation of or the he railroads r rAt i At leist leut east one dollar out of e every ery five included in insurance e and nod saVings accounts is protected b by bv railroad vestment r irk I estment Almost one third of the endowments ments or our colleges ind and urn universities ser are invested f fn railroad se sc secuRities I IcU cU tr l t r Thus tho th money mone received by the railroads each year veir r e returns or to to to every eer e er 1 se e person in m the United the States On account of ownership o n o of the rail nIl railroads roads by the people the effects of con constructive e public regulations aJ arc aie e felt felt not by any small group gro lp but blit b t by per in every eHry walk al of J life e eI I Sound regulation recognizes that that I adequate investment of the people peoples s savings in railroad Facilities must be encouraged ld that hat rates raids t st bd be reli rela el stable that they must be lair air the investor as Jl s to the he snip ship per and that the least reg regulation Iper c consistent w th Pl- Pl protection o othe the public interest IS i is the best bese |