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Show CUMMIN'S IS RIGHT. ChnirmuD Cwmu:iu3 of the soiuite in-torj.tato in-torj.tato commerco commit! co is r'glit vhcu ho dcelureb that railroad kgis-lation kgis-lation bhuuhl bo enacted without delay. The TTCbident put tho settlement of the .ue:.liou in tho hands of congress last yUiv and it tho iciiiilora and rcprcscu-taiivej rcprcscu-taiivej are not ready to act at this tinio Ihi'i'o is little hope that a satisfactory satisfac-tory bill can bo passed during th life ,,f tho prcaeul conrcs.9. It is inconceivable incon-ceivable that Mr. Wilson will turn tha Toads back to their owners without necessary safeguards, but so far he has uot indicated n. change of mind in the premises, and Chairman Cummins no doubt desires to bo on tha 6al'o side. The house passed the Each bill before adjourning for the recent recess. Now if tho scuato will pass tho Cummins measure, with 'necessary amendments, conferees can bo appointed by tho two houses and tho differences ironed out in short order. Tho valuo of the railroads of the countrv and their equipmont has boon figured at $10,1 18,532,302, being -11 ft cent of tho valuo of the industries of the nation. It compares with the valuation of about $1,000,000,000 for tho iron and steel industry; $3,000,000,-0'O $3,000,000,-0'O for the chemical industry; . 2,800,-000,000 2,800,-000,000 for textiles; $ 2. l"0,000,OUO for ihe food tho next four largest industries, indus-tries, according to figures prescutcd by Hub president of tho Chicago Railway Equipment company beforo tho house intcrstato commerce committee. It is the opinion of Chairmau Cummins that tho railroads would speedily fall into a hopeless condition with two-thirds of them iuie'Uy ending in receiverships if returned without effective, legislation. This view is shared by all Ihe leading financiers and political economists of the country. More than fivo billions have ben invested in railroad securities securi-ties by the people of tho United States, and the wreck of the roads means, an overwhelming financial disaster, uot alone to tho owners of stocks and bonds, but (o .each and every man, woman and child in tho country. The man who injects politics inlo tho question ques-tion is playing with dynamite. |