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Show H Hi H v The purpose of any railroad is TO BUILD 'UP ; NEVER- TO TEAR DOWN. H The existenceof a railroad depends upon its ability to build up ; IT MUST BUILD UP. M t A railroad company can harbor no animosities nor grudges ; it is not tenable that it could work to the (i detriment of one section or community for the advantage and benefit of another section or community, be- H , cause it depends upon every section and community for support. M A railroad must serve ALL SECTIONS, COMMUNITIES AND CITIES, ACCORDING' TO THEIR H IMPORTANCE AND LOCATION, tempering such service with equal justice to all. M A railroad must be so organized and operated that its earnings are sufficient to pay all operating ex- m penses, all betterments and all improvements, in order to keep up to a high standard of progress and effici- M ency; after that, its stockholders and owners are entitled to a profit on their investments. H In merchandising or manufacturing no limit is placed on POSSIBLE PROFITS. i f In railroading, circumstances are such that profits are limited and restrained ; there can be no fabulous K 50 per cent or 100 per cent earnings ; competition is too keen. ' M The building of many railroads, and the development of interurban electric lines and automobile ' travel are so great, that no steam railroad can expect to monopolize business. m It takes the co-operation and wealth of a great many individuals to build railroads. The holders who fl have built and owned railroads have been satisfied with comparatively low interest returns because of the ( Hh stability of their investments and the security they afford. H Bank deposits usually return 4 per cent; most railroad investments yield less. ' H Recently compiled statistics quote the following comparative figures of earnings in various lines of j H capital investment: H H RAILROADS 4 v- . . 3 H NATIONAL BANKS ,. . . . ..,,. ,- ,, . v .. . .. J3Y, H INSURANCE ' t . . . : :. :. r: a :. .-,.. . : . : . .-.J. . 1 .11 ' ' - H MANUFACTURING 20 I H Of average gross railroad earnings in the United States, 45 per cent is paid out in wages to'employees. m Of the balance of 55 per cent, less than 4 per cent goes to stockholders. B If railroads had never become a fact, the world would still be plodding along behind primitive ani- M mal-drawn vehicles. H Railroads merit public moral support and esteem; they are THE BUILDERS. They enter desolate, m unpopulated areas, and farms and mines are developed and become fruitful, communities and cities grow, . H and Progress goes forward hand in hand with Happiness and Well Being. M If Progress is worth fighting for, the railroads are worth your faith and mine. Let us grant it to them. H The Union Pacific.System, of which the Oregon Short Line Railroad is one of three units, is a railroad H with ideals. It was originally built with the backing of the United Stages Government as a defensive military m dependency. Today it " spans the east and west with a boulevard of steel." It gives real service for the H money it accepts. I I l v i |