Ogden Evening Standard | 1910-11-08 | Page 1 | Questions Put to Railroads

QUESTIONS PUT TO RAILROADS New York, Nov. 8. Financial circles cir-cles are manifesting great Interest In a Berles of questions which have Just been put to all the great railway rail-way systems of the country In a circular cir-cular issued on account of the proposed pro-posed advance in freight rates. If all the questions are answered, the public will get an opportunity to learn about nil the commissions and profits on security issues which have bcn exacted from the railroads by banking houses which lloat these securities se-curities from time to time The commission is not limiting Its inquiries regarding (railroad capital Issues to the operations of recent jcars, but Is making a full report on all issues of securities made since the organization of each of the railroads. rail-roads. It wants Ihe text of all authorizations au-thorizations by stockholders and (boards of directors and tho terms of all mortgages. In addition, the commission com-mission requires that the railroads except loans for one year or less, "Including a statement of all fees, commissions and other things of value paid or to be paid to such agencies for their services in such sale or distribution dis-tribution " This is information which has heretofore here-tofore been guarded even from stockholders. stock-holders. The railroads are also called upon to give a complete record of all the interest paid by them on londs issues, is-sues, of all dividends pail since tbe organization of each company and the value of 1 1 subscriptions and other rights granted to security holders, hold-ers, i