Show I Is Five Cents on the Dollar of Valuation Too Much to Earn Ifa If lf a business worth earned carDed net income Ill 1 a year eal or W HI HIa 41 a month would it be bc considered an unreasonable profit an and proof that its prices s ere too high 7 The Tho railroads are in iu that bl toda today The 1923 net return for the hole hole country country was le less s i ithan than 5 per pel cent As of December 31 1919 the Inter Inter- Interstate Interstate Interstate state Commerce Commission gave to the railroads a tentative valuation of With actual figures for 1920 1921 1922 and with 1923 conserva conserva- conservatively estimated as there has been in invested in- in invested vested in the railways since thu this tentative valuation a anet anet anet net amount of making the values as of December 31 1923 On this amount the Railways in 1923 earned an aggregate net operate operating mg ing percent income of approximately or 4 69 per cent The Government guarantee of earnings expired August 31 11 1920 If this guarantee had been continued as as repeatedly but erroneously ly the claimed claimed the Go Govern Government ern- ern ment dollars would owe the railroads more than a billion dol dol- dol- dol lars Last year the roads handled a record volume dolI of I but could not earn the fair fall return of j per pcr percent percent cent to 1 which the Interstate Commerce Commission under the Transportation Act has found the they are arc en- en entitled en entitled I entitled titled If the roads reads cannot earn caru 5 per cent in a big year ear what hat will the they do dc in a small year 5 ear The Ti li Alt Act provides that if ifa a roa road in any year vear ear earns more than 0 b per cent it shall pay one one- half one half of th excess to the Government The Act i is therefore a limitation rather than a guarantee Give Transportation Act Fair Trial I The Transportation Act should be given a 8 fair teat tat te t and its Ita merits Judged by the result re ulf of a a normal period of o reasonable length conditions condItion The y year yo r r 1923 1983 Wt wa w the first lr t since the war under condi condI- liona tion approaching Wh t the railroad situation demands demand just Juat ju t now la Is not more law Iw but more o The railroads have havo emerged from rom the welter weller of the war liar restored their morale made enormous Investments Investment of new money mon y and nd In handled bandied a peak business with universal satisfaction The o Act la le the only y ya really rally constructive n railroad r I I t ol of a generation 1 a act were e almost fv solely rl re re In framing the Act the public Interest wu was wa The Act directs the Interstate Commerce to gite 11 lve e due consideration to tho the transportation needs of o tho the country and the necessity of enlarging r railway Oy facilities In order to provide the people of the tho United Stat State with adequate transportation Give 01 Gl e the Die Aota Act a chance Dont Don't amend It It K U the road roads are let letaj alone they should make mako as gOOd a rc record ord for this year ur aj as a lii e sUlIe are aro always welcome c C R GRAY Omaha Nebraska President I April Avril 1 I 1921 I UNION PACIFIC SYSTEM I Ii i n A A M MCM C PAINTS I vA l Used the th West Since l 1669 69 e Before You Refinish Ref Your Four W Walls ls I I you'll you'll be interested m in knowing that youcan you can obtain any tint effect you may desire in ina y F Fa a finish that is washable t l tAnd And easy to put on McMurtry that it is caned called goes on so smoothly r h hf f J the the liquid wall paper Never a sign of a abrush abrush brush stroke no stroke no no overlap overlap and and then even after its it's been on for months a little soap and water makes it almost as fresh and beautiful as new For a beautiful and satisfactory wall finish you cant can't beat FLA and every one who has used it will tell teU you so By all aIt means see a color cotor 1 card I Icard I card and samples before you decorate your youri f i walls It pays i Glass Paint Company 2370 Wash Ave Lumber t Company Capitol Quincy Ave tarns MANUFACTURED BY F THE THEM MCMURTRY MURTRY MANUFACTURING MANUFACTURING I Cb Co PAINT dr- dr VARNISH MAKERS MAHERS DENVER COLORADO I I I Worlds World's Greatest Closed Car Value r I I A business car family car and camping car car- car in car in one Seats ad- ad adjust adjust ad adjust just forward and back to fit tall talland talland talland I and short people Removable I rear seat and upholstery give big j carrying carrying space for samples lug lug- luggage gage anything gage anything Oceans of ower 1 I Worlds World's lowest priced closed car with doors dogs front andrear and rear j II I r Now Moot Mart Au a N NIn I in the World for b forthe I Ithe the Money fir I I Browning Auto Co C i 2450 Grant Avenue Phone 2281 J I II I I IJ l Il I JL L o Jo oI I J c tC J rJ r- r |