Show ROAD EARNINGS fARNING GET H lOW RA Manufacturers' Manufacturers tion Is Told Waterways Making Fur Fair Dividends Dividend NEW YORK Oct 5 AP AP While While the tte Inland waterway system is earning an annual dividend dl of or be be- be l t een 30 and 40 per cent the railroads railroads railroads rail rail- roads of oC the country are not makIng making mak mak- ing log a fair Cair return on their theft property says a t report report- submitted sub suu- today to the N National 1 Association Asso of ot Manufacturers In annual convention here her b by S. S P. P Bush chairman of oC the associations association's commIttee committee com com- corn corn- on transportation Other reports were ere also submitted submitted submit submit- ted by the fuel committee saying saIng that there Is no cause to fear tear a bi bituminous bituminous bl- bl coal shortage this year and by the committee on immigration ra- ra tion urging registration of ot aliens An analysis of oC railroad rain rain- Ings for the period since federal control shows notwithstanding log ing the remarkable improvements effected by them in efficiency In-efficiency in econom economy econom and In actual performance their returns are still below a fair fait return on their property invest invest- the report of ot the transportation trans committee The Tho difference differ once ence between railroads railroads' net operating oper income and the amount equal ii to 10 the fair return contemplated bythe by bythe bythe the transportation act is approximately approximately ma tely Taxes paid by the railroads since 1922 1022 It ii is added haVe iia substantially substantial substantial- ly exceeded dividends and amounted amount amount- ed to the net earnings of about one mile out of or every four Cour |