| Show v to- to r tor N I i I II S j i I c It o 1 i- i I Budweiser I a A liquid f food fod od drink drinkA A quality gr I Thoroughly aged Wl not 04 green x o or unfinished ANHEUSER BUSCH ST LOUIS B Ba a Hemenway Wholesale Distributor Moser Co O Ogden den Utah r x ASK ASIC FOR THEM THEM BY NAME MULTI MILE CORD Has your experience with tires been satisfactory For several years we have distributed large quantities quantifies of tires mounting into many thousands We specialize in Racine Tires because we value the goodwill good willand will and confidence of our patrons Our customers I continue with us from year to year and I their number is growing rapidly I SOLD BY LEADING DEALERS J G READ BROS COMPANY Distributors Ogden Utah I RACINE TIRES LOCAL DEALERS I W EARL READ COMPANY I Twenty fourth Street MAROCO SERVICE STATION Washington Avenue and Twenty firth Street READ ROSS PAYNE CO I 2322 Washington Avenue Big Reduction m in Prices of RACINE TIRES I S Today only Fatty Sand Sand- Sanders Sanders Sanders ers Country store and Cal Col- Calleen Col Colleen leen Moore in Affinities 3 acts Vaude- Vaude Ville Vaude-Ville vile ville and Florence Vida in Alice Adams Al- Al Alhambra Alhambra hambra theatre t Railroad Earnings Are Not Guaranteed SYSTEM PACIFIC e I A common impression exists that railroad earn earn- ings earnings cam are in some way guaranteed b by the government Tills This is not flot a fact The railroads were paid for the Federal Control period a fixed rental and were vere given an option for continuance of this tills basis for six months thereafter s This arrangement expired August 31 since which time nothing even resembling a guarantee has been in effect Under the Constitution a railroad has always been entitled to earn cam a fair return upon its property de- de devoted devoted de devoted voted to the public use the percentage which constituted constituted constituted such suei such fair return being a question for determination tion by the courts The transportation act says In the exercise of ot its power to prescribe just and rea rca reasonable rates the Commission shall adjust such rates so that earners carriers will under honest efficient and eco eco- economical economical eco economical management earn an aggregate annual ne net railway operating income equal as nearly as may be to a fair return upon the aggregate i alue of the common carrier property transportation gh Ing lag due consideration to the transports tion needs of the country and the necessity of enlarging ing log such facilities in order to provide the people of the United Un theUn States with adequate transportation For the two years ending March 1 1922 such fair return was fixed at 6 per cent Since then it has been reduced by the Commission to 5 75 percent In no bear car however have the railroads secured the he fair return contemplated by the act as the follow following mg ing will show Year r Percentage Actually Earned 1920 0 0 o 33 1921 33 1922 1122 4 14 K It KIt is entirely clear therefore that the r law inno in no nor f sense guarantees the earnings of the railroads if it i did ld the government would owe the railroads railroad more than a billion dollars for deficits in 1920 1921 1922 andi and I railroads bince ince January 1 1923 the earnings of or the rail rail- t roads as a whole have been better than for period nonn 1 m in in any of f the three l ears the same sima me but years the rate of return IS still lower return than the COmerce te Corn COm merce erce CommIssIOn has prescribed as reasonable The Transportation Act has not been the in n raIlroad road c cause use of o rates one of act S Sald has saId ald the authors of f th the e maintenance Rates and a have operation advanced has bas S simply more than because T doubled the cost or of main main- days hile railroad rates rales taken as a whole Singe pr war prO war 54 per cent higher than they are n npr now ow a about out were before the took over the tho railroads at the the go goow government r n beginning of the The of C ear 1918 a da as the cost of transportation transportatIon is can ean only b red reduced ue uel d dI I r roads road's railroad's oa d s eos cost t 0 of f I living IVIng h has as increased reduced m Ill like and tl the le ral- ral rail rail- l to o that of tile the indIVIdual Every effort n ing mg made to reduce it however er IS is be be e- e Construe suggestions II are arc always welcome n e I come Omaha Nebraska C c- c cR R R GRAY GRy j August 1 1923 President President- J o oJ r |
