Show Ten Tun Years rears of Regulation I Herbert Corey Corel Core In a recent artlIn article In public Utilities Fortnightly on What Federal Regulation Peculation Is Doing to tc o the Railroads gh elves es a depressing re- re recital recital cital of ot the events of the last t ten years Federal regulation he be says has bas al almost almost most ruined the lines In support or of orthis this ho he points out that seven se en of ot the paten past Bt ten years vears have hav been the most prosper prosperous oils ous In our history Yet the railroads lost one third of ot their passenger bust buel bustness ness paid more In tn taxes are carrying on more freight than In 1520 1120 had bad 37 less es In tn 1928 than thanin I tn in 1920 and hive ve ne cr earned the fair return of ot 5 3 34 4 per cent stipulated by bythe bythe the Transportation Act Conditions hale ha reached a point where here the iho lines cannot afford to miko m the replacements and Improvements thare that are l to and 1 transportation service During recent years ears they base hase been able to keep on n operating because of ot tremendous Ie de d creases In operating costs resulting from improved ed standards of or efficiency But Dut now It Is believed they are ap aI reaching the saturation point In this Of Ot tremendous importance Is the dam damage damage age done to railroad credit The poor sho Ing o of the lines has caused at least leaone one great treat Insurance company to turn tui t from railroad r securities to other forms torii i of or Investment Should this trend con coi the Inevitable result will be bet n l nI lt t I virtual collapse of ot our main system of i transportation This problem problem like liko most others Is up to the public It If It demands a lair fair fadeal deal for the lines they Ill ft get it The will Ill be the principal sufferers a sound policy to toward ard the tho rail railroads railroads roads Is effected |