Show r V I 1 1 3 4 q ft i a t THE ROYAL GORGE tho the hanging bridge clings to tho the mas sivo granite walls of tho the grand canyon of tho the arkansas river just 30 feel apart at this point the worlds highest bridge is sus suspended bonded across tho the gorge 1053 feet deot above trades tracks of tho the denver rio grando grande western railroad D sz R G Effi enters 1938 determined ined to make progress s the denver rio grande west ern eni railroad with a network of in KS ot 01 steel highways blan blanketing keLing the vast intermountain area of colorado utah and northern new mexico looks upon 1937 as a year of pro progress giess i ess and achievement despite last quarter quart er traffic decreases which sharply reduced pet gains built up earlier in the year gross revenues will approximate an increase of about six per cent over 1936 but far under the 2227 per cent gain recorded during 1936 in of revenue freight and volume of passenger business an improvement program involving vol ving expenditure of more than was vigorously prosecuted during 1937 briefly reviewed rio grande activities for 1937 pointedly show that prosperity for its territory depends to no little extent on raili oad prosperity well over 25 mil 1 lion rio grande dollars have been spent throughout local territory during the past year for wages taxes axes and direct purchases of material and fuel total rio grande expenditures so nearly equal total income that traffic decreases and increased cost of railroad operation become a matter of general concern lending added significance to testimony presented by wilson on behalf of the rio grando pt t the interstate commerce cm commission mission hearing on application f te rz ri londs l for a flat increase THE MOFFAT TUNNEL piercing tho the continental divido divide 40 21 foot under tho the summit of james peak which rears its lofty crest foot above soa sea level the great hore bore 62 6 2 miles in an length links tho the atlantic and pacific slopes of america wl N 1 jv 1 it s 4 7 of 15 per cent in freight lates stating that higher transportation costs together with decline in average revenue per traffic unit antt resulting biorn lowered rates have narrowed almost to the vanishing point the margin between revenues and expenses mr air mccarthy called attention to increased costs brought about by recent legislation such as the social security and railroad raili oad retirement acts by wage increases and by indrea increases ses in state taxes in 1938 he said the denver rio geande western faces the following cost in increases creases social se cuilty taxes railroad retirement taxes wage increases and colorado state taxes 0 As this railroad has ben been in default in certain interest obligations since august 1 1934 the effect upon our property party of this increase of almost two million dollars in cost is obvious uncertain but hopeful mr mccarthy referred to the new year the rio grande e enters 1938 determined to progress to reuble redouble efforts for increased traffic to remain a vital force in continued development of its territory |