OCR Text |
Show SAYS CANAL IS HURTING RAILROADS General Manager of the Oregon Short Line Givea View on the Business Busi-ness Outlook. That the Panama canal will practically practical-ly ruin tho freight business of transcontinental trans-continental railroads and throw thousands thou-sands of railroad men out, of .employment .employ-ment is the opinion of E. il. Calvin, general manager of the Oregon Short Liue. who returned yesterday from a mouth's vacation, the most of which was spent on tho Pa.cilie coast. "While awav Mr. Calvin visited Kan Diego, I,os Angeles, 8?n Francisco and Portland, and" attended the annual meeting of 1ho American Jiaihvay association iu Chicago. Chi-cago. in tho east, Mr. Calvin said, the people peo-ple were optimistic and believer that a tlood of prosperity would strike the country after the first, of next year. Thcv also expressed strong hones that the opening of the regional banks would do a great deal toward relieving the tension. The railroad men on the eoast, he assorted, were pessimistic nnd cx-presoed cx-presoed the opinion that the canal would V.e of greo.t benefit only to residents of the eastern anil western coasts. In fru-t, it whs declared Hint the opening of the cau:il has had such an effect, on transcontinental trans-continental railroads that the eolenia-t.ions eolenia-t.ions of many years have been entirely j upset. |