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Show PESSIMISM CHARGED AGAINST RAILROADS ! National Commissioner Says Companies vSecm to Be Engaged in Ruining Their Own Credit. WASHINGTON, Dec. 9. Railroads were accused of trying to ruin their own credit ami laying the foundation for federal ownership by Max Theleu, president of the National Association of Railway Commissioners, in resuming his testimony today before the congressional congres-sional railroad investigating committee. "The railroads are in a hysteria of pessimism.''' he said, "with earnings be von d all previous records and constantly con-stantly jtirowini: Jaeger, the railroads seem to be engaged in the absurd task of trying to ruin their own credit. If jthev'were really acting in the public interest, as they claim to be, they would i stop complaining about public regulation regula-tion and would" devote themselves to supplying the ears, equipment, terminal facilities and extensions which the pub-lie pub-lie urgently ren aires. "The talk of "the railroads about for-tv-nine masters is simplv language to tickle the ears. No railroad in the I "iiited States runs through more than i one-third or forty-eight states. Al-though Al-though ail other corporations which do ' buMii!'.-:- in 1; t !'."-. : nt :-ta:cs are subject to v u';'tioi. bv'en''h si:ch tate, nobody j c.wept the railroads is complaining. ' ' N |