Show IlA LAK K OF PROFITS HINDERS MANY RAilWAYS President Bush of Mi Missouri Pac is Recites Difficulties ties at Hearing CHICAGO March llarch 6 Lack G.-Lack Lack of or profits prents has his prevented tho Missouri It Pacific railroad railroad rail rall- road rond from working adequate te Improvement in many parts parte of ot its Ils 1200 miles of ot lines Benjamin F F. Bush president president president dent of at the road testified today in th the interstate commerce commence commissions commission's hearIng hearIng hearing hear hear- ing of ot one forty Western railroads railroads' ap ap- application lIon for tor higher freight rates Mr 11 Bush asserted that while hla his road was wae spending more moro than ever er before In maintenance the demands of or lh thee tho ship ship- I pus pers for tor better service and and the tho regulations regulations regula regula- of ot state staLe an and the e federal commissions commis commis- made the expense so great as aai to tobe tobe tobe be out of ot proportion to the Income Asked by by W M. M Barrow Darrow representing shipper shippers In Louisiana whether the Missouri Missouri Mis Mis- Pacific was keeping up a a. high state slat of or efficiency Mr Bush replied Xo No 1 o Our efforts at present are to try to keep alive In some Homo parts of or the tho South and Southwest Southwest South South- wes west the tho witness said the roadbed was such uch that new ballast had to b be applied at regular Intervals regardless lIs lIsi i of ot the amount of ot tra traffic c. c Made Bad Investment Clifford representing all 1 the shippers a asked ked Mr Bush If IC the tho Missouri Missouri Missouri Mis Mis- p Pacific had made mido Any bad In in- in vestments The witness replied rapped that prior to his connection with the road the Missouri Pacific had Invested in the Wab Wabash sh road and he considered that a A. bad blId investment Ho saId eald tho the Missouri Missouri Mis Mis- Bourl Pacific had Invested In Inthe the tho Denver Den k Rio Grande The credit of or railroads as u reflected In their ability to obtain new capital waa was before Interstate Commerce Commissioner loner W. W M M. Daniels yesterday In the petition of or ono forty Western railroads for tor permission lon to increase freight rates I Festus J. J Wade ade a banker of ot St St. Louis testified that owing to their poor earnings Western Vestern wore unable to obtain obtain mone money except on high rates of or interest out of or proportion to that asked ked from Industrial 1 corporations corpora corpora- To what t do you attribute the finan finan- financial cial depression from which the railroads aro suffering asked Luther Walker counsel for tor tho packing pocking Interests who ho J J I are opposing tho Increases I 1 attribute it It said Mr Wade largely to the attacks of ot state railway commissions In Sn redu reducing th the r railroads railroads' re revenue to onerous acts by s ate atc legislatures legislatures legis legis- and to to wild and and ant charges against railroads II Tho The witness said he considered tho the influence of or tho the Interstate comm commerce commission over railroads railroad was good but bul that man many state commissions and legislatures handicapped tho the roads Dont you ou think It Is la rather mismanagement mismanagement mis mis- management and tho the selling of or blue sky and water that h has 8 hurt the tho roads more than state e commissions asked lEverett Everett Jennings o O el for the la mt coit t 1 It ir r t Jt It s s' s Juki t such nil l' l statements t t as ae oU have d made mado Mr fr that J has as s hurt hurl t olp cd t t. t |