Show T HOAD PRESIDENT T I MAKES fAKES FL STArE J W. W R. R Freeman president of or the Denver an d' d Salt Lake Jake Moffat rail- rail rood road replied to charges that his hia hl road wag realizing enormous us profits through use of the Moffat tunnel He Issued a financial statement set forth that while Ihs Moffat Moffat fat road In n 1928 d' d a not in income in- in come came of or 2 greater than in inthe inthe inthe the preceding year car tie the increase was due clue to lessened J ened maintenance expenditures the last year oar year For thi this r 1 reason ason Freeman claims that the cold cold- figures arc are not a true tr reflection on of the contil company's Ui 1928 1923 pro that profits that is that this delayed maintenance lla nance l c will m lia ha have to e t bo lie c ca a attendee attended to i in 11 che he hen r future The stats emphasized e toll nee nee of the Do po Dotsero off cut cd c c ta taxpayers lapay- lapay ors ers i of f the MoffaT I Cl t cl cI Improve Improve- J ment in ent d cl r. r wC direct t n 1 j d I r Brest t J be be t from the thc tl l. l o turf t. fr o or Vc oi a Iris bs road roal daft cail 1 l tC I f it j pre iq WW oI- oI tnt fat buit Df i 1 i bad oci d irh hill Freemen n tate r mm t contends contends' tl that the railroad deI dc- dc ien I sr S it ite o cou tu s i-s s r f n It 3 u c. c Cr af red 1 the the el ea can l' l lop op operate over o the hili te Less 3 e expensively ti than throe h i t l 1 unless tonnage is ed cd l r 1 Hailway Hail way Hr f. f 1 aIll says ro gf 1 contend that tiie l in den density den den- 1 I sity sity- BiLY ot of Jj s. s 1928 being I less s biH almost aJmo t. t tl the le same mJ o as s 1 1927 27 the I cl cerate ra c the thc till line rhe tho must have ha large They say str they a n iii 1 tse hi gf gross o to tl l r. r e ex cz- cz II es f foj fY ret h main maintenance and operation atto il 1 bf bt f t the the 1 ff it ti iel r h are arm o o A t year rear i I The lire lle Dotsero cut cut- nit cut rf it is admi admitted cl would Wald bring that large o increase InI Ingi in I gl gi gross S F-S business s. s as it would would- h bi the final link in a a se l tr transcontinental transcontinental railroad lied wc westward westward- t of Denver I fh The statement L sj ElOW vs gross ross gross operating oper- oper oper opel aUng atine revenue onue for fr the Moffat t road in 1 1928 1925 as 40 compared UC i for fm 1 1927 7 aJi and a 1 lie O in- in come for 1928 1925 of ad r as cons com 1 parc l to in 1927 1127 J r increase t o of net innet ill in- net j En says i u uthe the ine is' is isrl rl lathe d p j l. l la a lt rath g o o of or S which JI ch vero reduce l ed l Ji lai e Y tho H 1 ea of or o reduced l I f f tio a h decrease 1 crO C dr of ot in diaries g 9 for far way and 0 r equipment reduced maintenance e.- e. in a e is the tho result of postponing post- post pOJ n 1 rail renewals wai until 1929 n. n and which it if in i 1928 1038 s would have havo cost cast approximately At oti af M he the c J rr road mail for r of the D sero Dt cut oft Is Isi i aw g t the 11 i talo I o j oOij i I I cOin commerce iu lC ca commission J O OI I. I I |