Show CORPORATIONS LY LV TO BENEFIT i i ROM LOW LO RATES ON GOAL COAL REPORT r Ige 8 ge e of Rio Grande Tells vesti Public Gen- Gen ally illy Would Profit Little 1 y T. T De DeWitt Witt Foster the the grounds that the tine smelters and companies and other bl big indus- indus of of Salt Lake valley which arc are arct i at t t arc enjoying unprecedented prosy pros- pros y would be he the tho greatest benc- benc Its rles IL L V Mudge president of oC the theer theer er Rio Grande voiced his obon obon obon ob- ob on this morning before the senate lar lary committee to nn any reduction tes on coal as proposed by the mum freight clauso clause in tho the public public- ties lies bill cording to Mudge these concerns fd d benefit to the tho extent of all ally lb at least and that but a small ion of or the total reduction In freight 8 would be for tor the benefit of oC the theLie Lie Ie Ic generally general contended that because of the sed cost of mat materials and oth other r rises this was a most inopportune j for any reduction in freight rat rates s. s ild Id that the proposed maximum would not bo ho remunerative and I under them the road could not te tc UTES TESTIMONY uch uch of tho the testimony given h bige bi by byge ge se was In th the way of reputation of oC ments and testimony given sl hero- hero E e b by independent coal operators tended to show that the D Denver nver Gran Grando e was up UI against a n hard lem and experiencing much lIf- lIf lIff lift t f ty In keeping the wolf ol from Crom the time u the opening Mudge l denied that er r had told 10 F. F A A. Sweet or an anyone one that was a reasonable rate oal coal from the Utah mines to Salt Sail SaltA A A. Sw Sweet et has credited mo me with ng rig that a ton was a 0 reason- reason rate on coal from Crom the mines to 4 Lake said Mudge I I 1 was I bonded when I read of this In tho the ti if i Lake Lako papers I never no made such and md never ne believed helleved IL IU Mr l I Iet jet het et ma may have be been n talking of or one ono igI ig J I of another tr fr Mudge told of ot the conversation ich he had with Mr lr Sweet at tho the lets let's ers office at which time ho he h may ma mayo mayie ip ie o said Id that a cent a ton a mile tit ht hl be he a reasonable rate on coal n Ing In th the entire United SU States tes but butt t he t he did not mean to include the ky Mountain territory I I L tel telegram gram from A A. AE E g. Sweet who S 1 present at the interview w. w was J d tI in which It was denied that Mr d dge e said that a ton was a It rea- rea able rate on coal from rom the Utah I la ds to Salt Lake Lale I TES FES DECLARED UNFAIR I IThe I The he temporary rates as proposed in bill are arc unfair to the Denver Den Grande sa said III air Mr Mudge The rent ent rates In Utah are no higher I in many cases not so 50 high as rates oree orce by b the Denver Rio Hlo Grande Colorado and on un other lines in ino o oming ling and andew New ew Mexico l It would to tu reduce the rates lates In Utah proposed rates would not be re- re It It I weans to met me that this Is an in- in time to be he reducing r duc n the rev rev- revey Ir ey PS i of the Denver er Rio Hlo Grande or fiber line when everything e which use lm has baa been increased ell from 50 toper toper to toper per per cent COOL In the last year ear or 01 10 so Ir lr Mudge e hoie G gave a cun considerable l crabl to tu show the increased c cost t and equipment lie Ile toll told purchasing some freight cars can for far r Rock Island at AIL each which a n. months later the 1 I same type of y bought ht for the time Denver I Rio PIo rode nde cost while a few months I er T r another lot of the same type cost additional 15 locomotives he mild said which cost a arago ir r-ngo r 1 now would cost cost ro TO LOWER RATES I liter Iter ter in his testimony Mr Mudge llIdo Hie l ml might ht have leave made a statement lh effect lect that the freight rate coal coal tal lu tu Salt Sail Lake might appear to tu high but out if Ir I di lid did he said I I was wast t 1 qualified to talk taUt T Tm have nave C been heen ac- ac to rates in the the- East which aC 1 ll because of the tho lower cost cust of I Cation rillon tr lt f. f Sludge Mudge lu IC read Crom the tho annual rc- rc I the Denver r it l Rio Ilio lo Grando Grande for l 1 year jear ending Juno June 30 W 1 I aing K the gross ros operating revenue tot to t 37 Th The Tho operating ex- ex pen pence e was waR H 17 H leaving in a not net I revenue of or 90 There Thele were I deductions from this thin amount however howe I of for or taxes rentals of oC leased lines line and other expense o. o leaving lea a net surplus of or 01 I ly h lyall all of or which was expended d for new w equipments equipment Mr 1 Mudge hule pointed out I that the Denver Den Rio Grande for Cor that year paid no dividends I A report of oC the tax Increase for nine years also was given Ien showing Knowing that taxes xe had Increased ll from in 1907 to 1091 in 1916 I I F F. C C. Loofbourow appeared before tho the committee in iii behalf of the gas sas companies Fred Frell Wilde Wildo freight traffic trac-I trac tic fie manager for the Denver Rio Rau I Grande Crande is to give I c testimony this after after- afternoon noon nOUlI after arter which F A A. Sweet S of oC I arter-I tho the thoI thet t I independent ent coal companies will make maliC makei i a statement |