Show W Watered at red Stock Denied by Railroad President SIOUX FALLS S. S D. D March 15 H. H. H E. E Byram president of the Chicago Milwaukee S St. St Paul railroad railroad rail ran road in an address prepared o or delivery deliver here toda today made a general denial of of- charges that he said had been directed at railroads of the nation The purpose of the die hard government ownership advocates President Byram said is not to stabilize the transportation Industry industry industry Indus indus- try butto cause its collapse The charges that railroad valuation valuation tion is based on watered stocks I s and I that freight rates therefore are ale kept at a high h level so that dividends divi divi- I may bo be paid are equally false It has been denied by the interstate com erce commission I and other trustworthy persons |