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Show LETRfllLROADS SPLIT UP BONDS . . .. - - ' "Permit E?erybody to Come . in, .That's the Only Solu-rtiori' Solu-rtiori' Says President, of the Evil. NEW YORK. Feb. 7. Railroad officials offi-cials who make their headquarxers here seem generally disposed to echo the remark last Monday of President James J. Hill of the Great" Northern, that the railroads of the country will find themselves oblige.! before long to advance freight rates instead of reducing reduc-ing them. The consensus of opinion of these officials that inrrea.se in cost of labor and material is so far outstripping the rate of increase in net earnings that onlv a moderate rrrul of hnaina activity will bring the railroad com panie sface to face with a difficult prob lem as to rates, especially in view of the popular sentiment toward railroads now prevailing. In an interview on the question Ros-weJl Ros-weJl Miller, chairman of the board of directors of the Chicago. Milwaukee A St. Paul railroad, said that instead of being able to think of raising rates, the roads are actually confronted by a movement for the reduction of fates. This movement, Miller said, they must of course oppose, owing to the conditions condi-tions under which thev are operating. President F. P. I'nd erwood of the Krie road, when asked how he thougM thi railroads and the public could be brought iijgother. replied: "Split up the bonds. The people can 't buy railroad bonds as the case staids now. and as for the average employee, em-ployee, he never has $1000 together at any time in his life. So let the roads split up their bonds and let everybodv in The railroads would have a lot more friends if they did." |