Show RAILROADS 1 c By Dy L. L T A. A A Holl Hollenbeck The Tho interstate commerce commissIon commission commission commis commis- sion has valued the tide railroads of the country at it a little less than 19 billion billion billion bill bill- ion dollars A year and a half halt ago Poors Poor's manual of or railroads fixed tho the value at at about 14 1431 billion billon dollars but Senator Dro Brookhart lately said that the stocks and bonds of of the l railroads railroads- amount to a little less less' than f 12 billion dollars which is Iff all that I t they rev are worth Under the 19 If billion valuation the tiie v value alue of one mile is about b but t pec Dec 31 1921 cite trie per pel mile value waS waff r reckoned at about 84 84 34 0 00 a big bis g jump of about 1313 0 00 increase p per r mile mUe And mind you under the Esch- Esch Cummins law we e have to pay a divi dividend dividend divi- divi to tho the railroads railroads-of of 5 p per r cent centon centon on this rise in values There was a ii time when it was well Vell knoWl that railroads cost about a mile mote moie or less but now they have jum jumped ed up to per mile and ande andI I we e have to pay th the tho 5 6 per cent on this Oils wat watered watered- I The fai fa farmers farmers' l risers risers' l rs' rs i farms are are deflated or orthe t- t the he t value has been growing less and nobody to pay the the- dividends either and the railroad property Is greatly Inflated i and the people have to pay t the he 5 6 per cent dividend on this inflated i property o o |