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Show PENN8YLVNIA.ROAD, t$ , ' CUTTING DOWN EJCPENSES A' Thousands Of Employe Laid Off, With More To Follow; 62 . Trains Discontinued J Philadelphia, March 30. Higher wages, higher taxes TMJd JJfJfy cn' acted legislation nro given by Samuel Rett, president of the Pennsylvania Railroad Company' as "then -principal causes of decreases In net operating revenuo necessitating "the retrenchment retrench-ment poUcy" announced last week. In a statement tonight Mr. Rea'shld: Tho decision to reduce rtraln, ser-vcp ser-vcp and working forces of the Pennsylvania Penn-sylvania system, while, apparently sud den, should not bo considered surprising surpris-ing ns tho published1 monthlystato-ments monthlystato-ments of tho system havo shown tho largo decreases In not operating Income In-come tho system has sustained. Higher wages, extra crow, and other laws, caused theso decreases, whlc are not peculiar to tho Pennsylvania railroad. These causes still .oxlst, anc in addition tho gross'revettues o the system have been steadily, -decreasing since last 'October.' i While, many othef railroad ayntema began to. reduce forces la the ip.'ddjo or 1913, the PerinBylvanlaiByBtem continued con-tinued lta usual train services and working foreo as long aB possible, In vlow of tho ,fact, however, that in tho four months ended Fobruary 28, 1914, compared with tho same.per-lod same.per-lod of tho previous year, operating rovonues decreased J8.81C.991 and net operating lncomo decreased $6,652,071 tho company is compelled to reduco oporatlng oxpenscs. Tho falling off In earnings and traffic demauds lower operating expenses ex-penses and tho only way to bring this about Is to reduco train service and tho numbers of employes. In carrying out tho retrenchment policy thousands of men havo already al-ready been suspended nnd many trains discontinued. It 13 planned to increase ho number of suspended employes to U5.000 nnd by April 1, tho company nnnounces, at least slxtj-two trains, curtailing tho ser-vico ser-vico over practically tho entlro eys-torn, eys-torn, will havo beon discontinued. |