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Show ! Is Five Cents on the J Dollar of Valuation j Too Much to Earn? If a business worth $10,000 earned $500 net income in a year (or $41. amonih), would it be considered an unreasonable profit and proof that its prices were too high? The railroads are in that situation today. The 1923 net return for the whole country was less than 5 per cent. As of Dect-inlier 81, 1910, the Inter state Commerce Com mission gave the railroads a tentative ten-tative valuation of s?1S,9i)0,000,000. With actual figures fig-ures for 1920, 1921, 1922, and with 1923 conservatively conservative-ly estimated as 1,100,0(10,00(1, (here has been invested invest-ed in (lie railways since this tentative valuation a net amount of $2,:) 71, 5S3,0()(), making the value as of j December 31, 192.'!. $21,271,53,000. On this amount ; the Railways in 1923 earned an aggregate net operat- j ; ing income of approximately 8907,610,000, or 4.(19 per cent. j ! The Government guarantee of earnings expired j S August 31, 1920. If this guarantee had been continued ! i as repeatedly but erroneously claimed the Govern- j j ment would owe the railroads more than a billion dollars. j i Last year the roads handled a record volume of j j business but could not earn the fair return of 5 per cent to which the Interstate Commerce Commission, under the Transportation Act, has found they are entitled. en-titled. If the roads cannot earn 5 per cent in a big year, what will they do in a small year? The Transportation Act provides that if a road in any year earns more than 6 per cent it. shall pay one-half one-half of the excess to the Government. The Act is, j therefore, a limitation rather than a guarantee. 1 Give Transportation Act Fair Trial, j The Transportation Act should be given a fair test and its ! ! merits judged by the results of a normal period of reasonable j j length. The year 1923 was- the first sm:e the war under con- j i ditions approaching stabilization. i What the railroad situation demands just now is not more law but more confidence. The railroads have emerged from c j the welter of the war, restored their morale, made enormous j ! investments of new money, and in 1923 handled a peak busi- ' ! 1 ness with universal satisfaction. ( ? The Transportation Act is the only really constructive rail- l ) road legislation of a generation. Previous acts wero almost I solely repressive. In framing the Act the public interest was J ( paramount. The Act directs the Interstate Commerce Commis- ? sion to "give due consideration to the transportation needs of the country and the necessity of enlarging railway facilities i ivi order to provide the people of the United States with atle- ( quale transportation, " 1 i Give the Act a chance. Don't amend it. If theroads are let I S alone they should make as good a record for efficiency this J ! year as last. ' j ! " Constructive suggestions are always welcome. ! C. R. GRAY, j Omaha, Nebraska President April 1, 1924. j UNION PACIFIC SYSTEM J - m . . . .. STUDEBAKER LIGHT-SIX TOURING CAR ij fa A F5 ' r'f " ':''" sii7KS '1 I j ' a !t M, I of what Studebaker alone can do . STUDEBAKER is the world's largest maker of quality . Motors. This is done in no other car at our prices. j cars. Our assets are $90,000,000. We hr.ve $50,000,000 Thcn we use more Timkcn bearings in this car than are ;j i model plants. used in any competitive car within $1,500 of oar price. And ! Our sales have almost trebled in three years, because of Timken bearings take up vear as no other bearings do. O'Jr matchless values. Last year, 145,lfc7 people paid $201,- - 000,000 for Studebaker cars. WTiy this price? j Coins and learn why This Light-Six Touring Car is priced at 51,045. Built 'fs J under ordinary conditions such a car would cost you from j Come and see, before you buy a car, the reasons for this $200 to $400 more. . j success. See this Ligl-t-3ix Touring But we build 153,000 cars per year. jj Car, for instance. We make our own parts. We build Built of the finest steels. Of. the , our own bodies in $10,000,000 body ij very same steels wc use in the cost- ww - b-i i plants. We have 12,500 up-to-date ;! liest of our cars. On some we pay fiOliV it JljXCCIS machines. Our major costs are di- j makers 15 premium to get just the , vided by enormous output. ',! quality specified. , dentinl with thp stepls ' The result is a value no other ! Built under an engineering da- ?iee's ait identical wntl trie steels m,!;er even trks tQ match jn a fins partment which costs us $500,000 m the costliest car we make. car of th;3 ize. Come soe wllat it yearly. More Timken bearings than in means to you. J Eaeh car subjected in the build- any competitive car within $1,5C0 . , , , il ing to 32,000 separate inspections. 0f jls price, bend Jor Hie hoolc ' ..S1hleelSA?vfn?n,S? Genuhis leather cushions, 10 Mail us the coupon below. ' We ! models Studebaker Curled hair filling. will send you free our new book that j iiiuueib. will inform you on five simple things 'J T, All-steel body. which reveal the value of a ca,-. For I Two great features ., One-piece windshield -rainproof. -instance- j There are many features in this Attractive cowl lights It will enable yen t- lock at any ; Light-Six found in no rival car. But r 1 l i-'i - car and teU wheti.er il been cheao- is j we want to mention two in par- uiCK-action cowl ventilator. ened to mect a pric(, or 0fj-cr3 r ticular. Non-skid cord tires. quality. The motor is perfectly balanced. Transmission and ignition locks. It will teil you why seme cars :! fromXantionng 'n reCd0m Perfect motor balance. rattle at 20.000 miles and others i irom vibration. don t. it snovs one single point m r The reason is this: We machine The supreme Car of its class. a closed car which meaaures whether ' (i all surfaces of our crankshafts and you're getting top or medium qual- ' connecting rods by 61 operations. Send coupon for book about it. jjy. The bock is free. Clip the cou- E Just as was done in Liberty Airplane J pon now. f I' LIGHT- SIX SPECIAL - SIX B I G - S II X j 5-Passenger 112-in. W. B. 40 H. P. 5-Passenger 119-in. W. B. 50 H. P. 7-Passc-nger 126-in. V. E. 60 H. P. I i S0Ui'ng ,p- - - - - $,10 Tom-ing ' . $1425 Touring $1750 Coupl-RoaiteLpass.') '. ! 1195 Roadster 2"Pass-) "00 Speedster (5-Pass.) .... 1855 ' Coupe (5-Pass.) 1395 Coupe (5-Pass.) 1895 Coupe (5-Pass.) 2495 I Sedan 1485 Sedan 1085 Sedan .' 2635 i All prices f. o. b, factory Terms to mect your convenience fl . . 5 MAIL FOR BOOK.; ; ,'? fx'ff IDA f" A . j Studebaier, SontU Bend, Indiana ' if Jilb.iLfI.ai ! Please maU me your book, "Why You ! s ' 3 Cannot Judge Value by Price." 8 I B 5 1 I . " I The World's Largest Producer of Quality Automobiles j j l lfissi'ied Advertising Minimum ci'.rrge for any single ai 50c, Repeats at 05c per line. FOR SALE My stock of Furni Lure ;.r.d Tin-Shop. Call and see m A. Miller, Delta, Utah. . ' tl COOD BEKT LAND for rent, cas: or crop rent, sandy or clay loam Wm. Jacobron, Hinckley, Utah. 4 RANCH WANTED I want farm ' for cash buyers. Describe and stat price. R. McNown, 955 Wilkinsoi Bldg., Omaha, Neb. 410 FOR SALE One Set Deago round-top Orchestra Bells on stand C. W. Larson, R. F. D. Delta 'Phoni 12-6. p4l' CHICKENS WANTED Rhode Is land Reds or Plymouth Rock. Wil pay $1.59 for choice stAff.' Percej Nelson, Island Farm. Delta Water Stock for sale or foi rent. Address B. N. Wells. 643 So 12th East, Salt Lake, Utah. HOUSE FOR R15NT A 4-room house on Lyman row, modern. Mrs Val Black. FOUND Young man's' Overcoat near Robison's garage; owner ma? identify and have same by payinf for this ad at The Chronicle. FOR SALE Some Poland Chins pigs. 1 mi. No. and mi East o Sutherland. W. J. Hudson. CARS WASHED Spring is here Get your car washed at the Robisor Garage. SAVE ON MAGAZINES We wil give any subscriber of The. Chronicle a discount of 10 at least on an magazine wanted, whether or not the person then renews his subscrip tions wilh us; all that we require is that the subscription be In good standing. Ask us prices on your next magazine. SE D WHEAT for Salt $1.00 pel bu. Isaoc Jacob, North Tract. Baled Hny for Sale Bonneville Lumber Co. j Public Stenographer I I Solicit public work at my , j residence. KHMA OROXXIXG. v - ; ; ! ' Get your new i r if FKOiM ;j I Lynndy! Garage I ?, We can deliver them ;j; on a few hours notice ! Square Treatment Prompt Service, Call ;; us on the Thone or : ' Write. ! Lynndyl Garage Baby Chicks I'ROM PIONDKH HATCIU.KY I am now booking orders for al loading varieties. Write for Price List. Wm. Willoujrhby, Agent. Delta, Utnh. i'-'ftv r .y;r -.tif k ji service that is worth thousands of dollars to the BdLawai separator -rJIi2rii users of this contmunity u. o7. ZZZ WE liave no doubt that our De Laval Service llke new- Easy to aPPy and always satisfactory, will save thousands of dollars for the New Hattca Pint farmers of this community, not only in neW LFa "OUSe Taint butter-fat but in new cream separators. is an article that gives real value. A finely built and high-speed machine like a 1C AT SOMT PJF separator needs to have small wearing parts re- iv-.liOwlVlllilli placed or adjusted after a certain length of serv- The fact we sell hundreds of packages proves its ice, just as your watch docs, and it is our intention true value. Kalsomine customers are always our friends to see that every De Laval user (rets the most profit . , . . and the longest service, at the least expense. ! , nra 1 en 5 use Acme Motor Car finish your neigh- Bring in your complete separator and we will , '? ' J0'1 have f new C ir So s,mPc in application overhaul it. J ,!:., experience is not necess-ry. , Tuesdays at Sugarville and Wednesdays at the Hub Merc. A pa:ilt for every purp -c at in Delta, are Service Days. . 'v1.' 5 r m i WELLS J. KOBEKTSOX, Authorized Service Agent. DcilS LlllfiOtY & Hard Ware LO. I- . . . . . Mf ;. csh-E wwofssTm 5tom If- 'I--: t f '- ; n y: -" N here e s-rj jiurtliiiM' means satisfaction. |