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Show EXPRESS COMPANIES All POSTAL AFFAIRS Earnings Shown Before Railway Rail-way Commission Reveal What the Government Loses. The president Is anxious to have tho deficit in the postofflco department made up In somo way, says tho Clnchmail Post. Tho president In his message uaul: "Tho actual loss from tho transmission of second sec-ond class mall Is ?(!3,000,000 a yeur. The newspaper goes on the average ff 210 miles, tho magazine 1019. A groat saving sav-ing might bo made by Imposing upon magazines and periodicals a higher rate of postage." And right, at this moment a flood of light is thrown on ono way at least by which tho government might make up the deficit, by allegations of the Merchants and Manufacturers' association of AII1-waukeo AII1-waukeo In a suit against the express companies com-panies before the railway commission of Wisconsin, ashing- lower rates. According to theso allegations, tho profits mado In carrying parcels, which In othor civilized nutlons Is done by tho postofflco, urc enormous. Tho Wells-Kargo, with property In use worth ?2,3S5,S2:, pays 10 per cent dividends divi-dends on water enough to inuko Sb'.UOU.COU In stock. Its not dividends arc over SO per cent on the property used In tho business. busi-ness. It gets SI, 100,000 ft year In Intor-031 Intor-031 on Its past "savings." Its 1900 net earnings, not counting this Interest, were $3,113,025. The United States Express has property prop-erty In Its buslnoss worth $2,311,207, und pays 2 per cent to 1 per cent on n watered capitalization of $10,000,000. It gets earnings earn-ings from Invested rake-off of $110,000 a year. Not counting this, however, In 190U tt took down net operating earnings of $570,710. or about 25 per cent on its plant. Tho American carries capital stock amounting to 51S.000.000 on a plant used In the business worth $2.357,3I9. It drew down $2,176,S72 net revenue on $2,337,300 of property used. The Adams Is modest and unselfish. Its plant Is worth almost half as much as Its capitalization $12,000,000 of stock against $C.150.SSn In plant. It pays dividends at 0 per cent to 10 per cent. Bui It has a habit all its amiable own of awarding to Its deserving de-serving stockholders special dividends In tho form of -1 per cent bonds, of which It pave away $12,000,000 In 1S0S and $24.-000,000 $24.-000,000 In 1007. Uy this means It Is hoped that the surplus will be kept from becoming becom-ing a scandal. It got $1,000,000 from Investments In-vestments In 1909 nnd $1,700,000 In net revenues less than 30 por cent on Its plant but, then, those watered bonds had to he carried, you know. Tho Northern, on a plant of $1S0,100. earned 3S0 per cent dividends In 1909, or net operating revenues of $723,330. Its tank holds $15,000,000 In stock. This Is pie. It shows that Tom PIntt was right In devoting his serin torshlp to the express business. It jusllfles tlarrl-man tlarrl-man In going after the Wclls-Faro. The express business Is licensed grand larceny- Parcels-post would prevail In this country coun-try today, to the great advantage of tho people, If the gruftlng express companies did not stand In tho way. |