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Show ;ili.icj s.u.oLsno. rhel'reslilentaor ItallroadaSbonld Enter Uiou nn Aarreeuie.il. New Yomr. Nov. 14. In the Am tomorrow will appear a letter addressed ad-dressed to the eclitorfrom Jay Gould, in which the writer saja there are a group of roads kuown as the Western an J Sauthw estern system-, traversing tbe most fertile and rapidly rap-idly developing territory ol tne Uulted Slates; that the stock and I onde or tlie-e properths are held i. tii mikiuiIa of investurs iu the east, aud ujion the irosirity of these roads many small iuvestors ile,ud rordlvldeuds upon whieh to "Somethlngoverelgliteen monthi-ago," monthi-ago," writes Uould, ''during it l-riud of great uepreesiou, thre great iciukiug hou-ea iultc-d the presl denlsoi the-e roads to rmet. The result oT that meeting was to formu late tile no-called 'president's agree meui,' and it rosy Intere-t you to know tho difference lit the net earnings or tills group ol roads, as between tbe latea which were established and maintained fur eeverAI months after the agreement and tbe rales that prevailed under the 1-oso and disorganized state ol affairs tliat has existed since the agreement was broken. I estimate the tatal number of tons moved oue mile annually by thb group to be sixteen billion. The auditor of oue of these roads furnished astilemeut, showing the difference letweeu the rates under the president' agreement agree-ment and the present rates, which amounts to an increase of 1 4 mills pcrtou per mile. Applying this difference dif-ference of 1.4 mills to tbe sixteen billion gross annual tons ou one mile gives tiie startling figure ol S22,4'JO,009, the annual decrease on the uvt earnings of this system of roads, as between their operaliou under thepresitleiit'sagreementand Ibeloose methods now prevailing. "Uuder this condition or things It Is hojied that the btukers cau lie induced in-duced to call the presidents together to-gether again, with the assurance that they have the whole niassoi Investors behind them." |
