Salt Lake Telegram | 1910-09-21 | Page 4 | Railroad Stocks and Bonds

j I R RAILROAD STOCKS AND BONDS I c W We- We rea read react that the Oregon Short Line will in- in reas its capital stock to That will willJo wille Jo e c ab about ut per mile The Short Line is isa a S great reat r road none of its length greater in ill the thc west It traverses what is soon to toDe toI I De e abot about t the most marvelous marvelous- agricultural region e egi i n ii known as shown by the fruit ruit and andain grain grain- ain and vegetables which are are visible where men en of f prescience planted their orchards a dozen years years ago An average yield of per acre per per annum is not unusual The road is also flanked by mines hipes rich enough could the connection with New NewYOrk NewYork York orl City be broken to insure 1 sure steady prosperity to tt 3 the west We are told the reason pf of the increase i iii ill c capital stock is first that the road is to be vastly ici extended and because it is now carry- carry 1 ii g the most b of the indebtedness of other ther roads on onI I I its broad Hack back And t suggests that th the first thing the interstate commerce commerce ought to do is to Ascertain certain and publish ip ii tabular form the amount mount of st stock ck and bonds per mile on the various various railroads of the country that the average man may maybe maybe be e abl able to ke a shrewd guess whether some of il Iii in h all lI 1 human probability ever pay their debt t. t v y i f Vh When p. p men nii in New York City seek to sell mining mining min mm- ing sh shares r s they aie ln inet t by the doubt whether the nines mines will ever ey eyer pay pay dividends dividends ds but are told in the that t there are railroad bonds as good goodas as as gold that will rill surely pay from 4 to 6 per cent always It would be an an object ct lesson to have the ind indebtedness per mile of all the roads made clear t U tt the common understanding that men might jl judge whether their bonds ar are as go good as l 1 n F aud ud iid judge how it w would uld be bg were a panic panic to 10 sweep the country T y A k panic d does es not not affect affect affect- a. a paying gold hut but it it son sometimes worries railroads immensely We Ve f S' S Sw saw w. w that in 93 1 V It r requires the wheat heat cotton and gold product and nd then some to meet the interest and dividends due lue ue from this country in Eur Europe pe annually and t t to p pay fares fares' and freights to foreign ships and the expenses of tourists to the old world J. J What js is going to be the outcome 1 When the flay aai of final of final settlement comes does Toes it look as though hough there will be a mighty tumble le in stocks s an and l bonds bond 1