Deseret Evening News | 1906-03-22 | Page 10 | Railroad Mergers

I RAILROAD MERGERS Saml Sap Sms Ills Big rl tiles I I 11 II Columbus 0 O March Maceli 21 Samuel Un of ot if New Xe 11 York chairman of ot ChIC tha th International Int ii 1 Ocl lion toll spoke before tile tha house committee on In In In tonight In lit of tho thi th 14 1 bills bila drafted im on 11 tho 1111 lines hues of tha Iho submitted to 11 the tue New York by the Armstrong commit committee tee tle which are now pending In lit the tower lower branch of or the time Ohio legislature to the tho Imn surplus car carried ned ried by the lc companies Mr Mc Ln tit tl The Thie most abet Important public duty dut you ou have to perform Is H to ii tl stop these accumulations by Insisting Insl upon thi thit an annual al nual distribution of dividends lint Hut for forthe forthe or orthe the temptation of these tine vast assets titia country would not today be cursed with wil the great reat problems of ot railway com coin combinations with which It Ils Is now mow contend contending contendIng contending ing They The were financed largely ely through the tho three great greit Insurance com coin panl s by b the Chic means of ot the collateral colt rl trust bond The fhe objection to nil 11 this legislation Is not hOt Hul It Is radical but hut far tar too conserva conservative tire tive If I It t were ele possible to force dis of the surplus already accumulated and break brenk up these Iniquitous contracts t ts in the tho form forn of ot deterred deferred dIY deaths so BO as ns to compel cOlwel distribution of or orthe the moneys thus huH held It would woul be bE the tho greatest blessing ever Ier conferred ulon 1 however U ls swindled community That hOleve not possible without endless complications Clone 1011 acid so 0 wo we 0 must leave the tho Iniquities ties les the tho future of ot the tue past nail and turn our faces to