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Show ilroad Earnings re Not Guaranteed A loin moil impression exists that railroad earnings are in some way guaranteed by the Oovernmont. This is not a fact. The railroads were paid for the Federal Control period a fixed fix-ed rental end were Riven an option for continuance of this basis bas-is for six months thereafter. This arrangement nxplnrt August 3 1. l 920. since which time nothing resembling a guarantee has been in effect. ruder the constitution a railroad has always been entitled to eiirn a fair return upon its property devoted to the public use. the percentage! which constituted such fair return being a finest ion for determination by the courts. I "In the exercise of its lower to prescribe just and1 reasona ble rates, the Commission shall. . adjust such rates so that carriers . . . will, under honest, efficient, and economical management man-agement . . . .earn an aggregate annual net railway operating Income equal, as nearly as may be. to a fair return upon the aggrigate value" of the common carrier property, giving "due consideration .... to the transportation needs of the countrv and the necessity .... of enlarging such facilities in order to provide the people of the T'nited States with adequate transportation." trans-portation." For the two years ending March 1. 1022. such fair return was fixed at 0 per cent. Since then It has been reduced by the Commission to t.7! per cent. In no vear however have the railroads secured the fair return re-turn contemplated by the Act. as the following will show: Year Percentage Actually Earned 1 920 0.33 1921 3.3 1 922 - 4.14 It Is entirely clear, therefore, that the law in no sense: guarantees the earnings of the railroads. If it did. the Government Govern-ment would owe the railroads more than a billion dollars for .deficits in 1 920, 1921 and 1922. Since January 1, 1923. the earnings of the railroads as a whole havo been better than for the same period in any of the three preceding years, but the rate of return is still lower than the Interstate Commerce Commission has prescribed as reasonable reason-able The Transportation Act has not been the cause of increases in railroad rates. One of the authors of the act has said: "Rates have advanced simply because the cost of maintenance mainte-nance and operation has more than doubled since pre-war days . while railroad rates, taken as a whole, are now about 54 per cent higher than they were before the Government took over the railroads at the beginning of the year 1913." The price of transportation can only be reduced as the cost of transportation is reduced and the railroad's cost of living has increased in like proportion to that of the individual. Every Ev-ery effort, however, is being made to reduce it. Constructive suggestive suggestions are always welcome. C. R. GRAY. President Omaha, Nebraska, August 1. 1923 Bring Us Your Job Printing ou sers Stick United States Tires are Good Tires Bp YOU enn switch ordinary flll'W tire buyers from, brand to But try to switch an Usco BSS )f 1 user. Helmcnus. Usco Fabrics iV'-53 settle the tire question wher U&l ever they are tried. rJJ'xpS tj y Built to absorb punishment and they do. fKIS v The big, rugged Usco Fabric feWsag j : honest all the way through jSjagg !j no bargain streaks under the g?jian f" W. surface- ,,1 Atthe new prices especially ?? ft they are a great money's worth. Whsre to buy USTires MILFORD AUTO COMPANY PROFESSIONAL CARDS I SAM CL1.NE t Attorney ut I-aw ! t Jt'll'erson Block j .Milford, - - - Utah ' SHIRLEY S. ATKIX Attorney at Law Bank Building Milford Utah j O. A. MURDOCH ' Attorney at Law Heaver, Utah E. E. MYER, D. C. Chiropractor ..Palmer School Graduate Milford Tuesday, Thursday & Saturday. Home Calls Ouly Drop a Card DR. W. W. MAKKHAM Dental Surgeon Over State Bank Phones 17 and 64 JORGEXSEN AXD WARD Licensed Embalmcrs and Funeral Directors Open Day and Night Phone 50 - Milford, Utah DR. SHIRLEY NEBEKER Graduate Veternarian Milford, Utah MRS. SHIRLY XEBEKER PIANO INSTRUCTOR North Utah Street ' Milford, Utah DR CHAS. R. PARRISH Physician and Surgeon Office phone 37; Res. phone 21. Milford, Utah ' 4 G ENUI N E DURHAM TOBACC STANDARD OF THE WORLD ALBERT PIKE LODGE XO 14 F. and A. M. Milford, Utah Meets second Tuesday in each month. LIGHTING FIXTURES- WE ARE STOCKING A COMPLETE LINE OF BALL LAMP FIXTURES WITH SPECIAL FINISHES TO BLEND WITH AN Y ROOM WE INVITE YOU ALL TO COME IN AND INSPECT THESE BEAUTIFUL BEAU-TIFUL CHANDELIERS. Telluride Power Company M. P. LEWIS D, E. KIRK "Alfalfa Seed the Mortgage Lifter" j MILFORD REALTY COMPANY Pioneer Dealers in Southern Utah We feature sub-irrigation and Alfalfa Seed Land j ECONOMY is near to the keynote of character and success. A boy that is taught to save money will rarely be a bad man or a failure fail-ure ; the man who saves will rise in his trade or profession steadily. This is inevitable. in-evitable. Four per cent interest on savings. The MILFORD STATE BANK E. E. GRAY XATHAX BARNES j j GRAY & BARNES J EXPERIENCED WELX, CONTRACTORS Agents for irrlg;: 'on machinery, ma-chinery, pumps installed and repaired. We solicit your bus: P. O. ADDRESS, NADA UTAH |