Show 1 A GRIFFIN REPLIES TO DAILY N QU FREI OR R ag ai from C cabo ago dally daily news mr replies I 1 desire to all attention to an edito in the dally daily news abay 21 waded headed back fire on the shippers in which you make the following state natate ments first that my representation of the case Is not candid second that what I 1 did have hava to say gay was based upon the action of the shippers conference and third that I 1 had no right to pose as aa a business man having interests in common with the shippers the circulation for signatures of a tat ement relating to freight rates was as far as I 1 was concerned confined to fellow members of the It hallway allway busi ness neba association anil and no reference was made to the shippers conference I 1 personally aL attended tended this conference and babeno baveno have no criticism to make on any thing that was dono done there and none was made or intended by bv me but what I 1 deprecated was contained in fit an article sent bent out by the illinois manufacturers association dated way may 7 and as a member of that association I 1 personally wrote a letter to each of its individual members mem beis dated may alay 17 in this I 1 referred to tho the misleading and unfair statements contained in the circular cli cular of may 7 mentioned above aboe find and undoing in doing so I 1 was candid I 1 bald that the statement that railroads are rapidly increasing their net earnings was not true and as to the correctness of my my statement I 1 beg to refer to tho the following the latest interstate commerce commission reports show that during the month of march eleven systems representing every railroad north and on a line drawn dran through chicago and st louis show an increase in gross earnings for the month of match march of nearly compared with march 1909 while tho net earnings for the game roads loads lu in the same period show a decrease of 0 DG and the inter state date commerce commission figures for fop the ton ten months july to march 31 in 1910 as compared with 1909 1900 show an iacre increase ease in gross of over while the not net earnings ot of these same systems in the same period of compart com pail son eon show a failing off on of over and as comparatively little of the Inc increases reuses an fn n wages had oven even gone into effect during march the railroads must provide bome means to increase a revenue that Is already decreasing on an increased amount of business and there Is no way for railroads ralli onda to this except by their rates and kuroly there Is reason for the need of it in the third parja paragraph graph on an the see ond and page of this illinois Manu fac association circular of may 7 it la Is stated that per cent was earned w the dividend paylag stock making no allowance for the 34 per cent of on which no dividends were paid I 1 might with equal sty oty make lanke the statement that there WB was ito ao dividend paid on the non divi bend paying stock for a clearer fitt netlon littlon lon the tha average earnings should be based upon the entire stock and not upon the best beat paying portion of it unless there Is some reason why the thu representing the 34 24 per cent should not have received any dividends at all in the final paragraph of the editorial it la Is stated that I 1 should not be allowed to pose as a business man having no interest lu in common with the shippers inasmuch as aa my concern shipped an average of tons tomi of finished liro product duct during and 1007 and we were obliged to receive more mora than tons of iron to furnish this plus enormous quantities of coke coal and other supplies I 1 can safely claim to have chipped lipped El in and out tons a year and as aa thore there are ara no railroads who can afford to haul this material or any part of it without hilving having a revenue from it an increase of oc 10 cents centa a ton on an my hauling charge would amount to and therefore I 1 have business buel nesa interests in common with other shippers the tons ot of finished product shipped represented in the neighborhood of this represented mostly labor with the exception of the cost of tho the ore and coal in the mines all the balance was made up tip of wages and profit on the different conditions of the raw material until it was wa finished product my illinois plants planta produced 60 per cent of this amount or 1 1 1 a 1 cho year for three years our chicago 3 19 0 plants planta have not run more than half capacity therefore there was n year less in distribution because of a corresponding shrinkage in sales As most of our iron and coal cornea comes from illinois this a year was not distributed in chicago as would have been the case had we worked on an the samo same output that we did in and 1907 and a great deal of that which was not paid was taken out of the business firms situated in or near chicago by the non lion purchases from their varied business on the part of the community that would have received the tha a year for thi eo years that Is the reason why I 1 have a right as n business bual man to deprecate any unfair or un called for obstacles that are placed in tho the way of my business and the hundred other varieties of bu business lit in tats country that are affected by the money put into circulation by the railroads when it la is further considered that my business constitutes but 10 per cent ot of tho the cost of a car and that thero there were nine other units similarly affect od cd most of which would have baye been tributary to chicago anyone can see how important it la Is to his individual interests that the railroad rall rond companies should hava amplo funds to make these improvements and purchases and will realize how comparatively easy it 11 will be to tb n reasonable advance on tho the freight ford for any miter material lal he will ne need ed if he ts is receiving increased orders chicago T A GRIFFIN advertisement li are best for your table because they are made of the 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