Show RAILROAD SITUATION batter outlook for and living rth than for past yew York july 23 31 E ingalls In calls president of the chesapeake ohio and the four ro adein alie rate situation lust night said railroad Kail road business in the weal s good today the picat pi cat thenn ometer of the railroad situation ie the passe neer buei hot the traffic but the everyday steady ravel our big four lines have 2500 mile of track through a thickly settled country alie increase in our passenger business busi nesa for the past three months has been larger than since 1893 it ie better today than it lias ever been for the game months in any year wheat transportation ia a small item directly to alie railroads linea it is but 2 per cent 0 the revenue corn is king it makes the cattle the whisky the 1 so furnie hee the every day of alie railroads alio biggest crop of corn ever dreamed of is now in eight and nothing short of a great convulsion of nature can affect it after alio interstate commerce law was passed some yours ago rates steadied up for a year or two then hey began to po down then were secret cuttings and contracts Down wad rates continued to ces now and fall will stated tor a month or two on resolutions of reform but in june laet aratea had roachel lower deptris than were ever thought possible the outcome was alio of the line at which introduced two resolution s first that alio preparing of S new tie left to a committee of presidents end second ralea lie absolutely maintained daring the preparation of the agreement both wee carried and lived hp to and now since july ath last railroad have been nearer to tariff rates than for five years past at the meetings here there vas a full attendance and a distinct determination clial something must bo done it ie not only necessary that better batca be had for he protection of railroad employed emp loye and the interest of the community in the first place the involved ere eo enormous that we cannot have permanent proa f the large investments in in at alie ineat ariga thero have been present of linea of capital those railroads rail roada earned over of money in alie last car A 5 per cent increase in alio gross earnings of the lines represented would have made more net earnings every hiitt I 1 have found wound only have to be up to attain thi on our ahio for instance thie end would have been attained b the raise in rates of two tenths of a mill iw ton iier mile |