The Pageland journal. [volume] (Pageland, S.C.) 1911-1978, December 06, 1916, Image 4
\
I 30 Have
1 ONL
DA
We have
more monfl
otters. Are
to getyour!
still have a
dress ging
lins, serges
Goods.
If you are in n
any member of f]
pay you to loc
stock. We have
_ everything-usual
Ml line. We a
I You know what
I If we Should try to
I and give" prices spa<
we just ask you to co
self.
We are goii
pi efer not to c
between now
please don't ask
A word to tho
We have been vt
you and now \
please come u(
once. We must
why.
Pageland
file Coi
.
30 Days
IT 30
ve
no
: only one
it of bargain
: you going
Share? We
lot oi nice
[ham, popand
white
leed of shoes for
he family it will
>k through our
: some of almost
Llykeptiina gen- L
re going to sell, f
that means.
mention every item
ec would fail us. So
_ _ ji ?1
me ana see lor yourig
to quit and
tiarge anything
and then. So
us.
se who owe us:
^ry[lenient with
vc ask you to
> and settle at
have it or know
Mercan
mpany I
NEW POLICY NEEDED
IN GOVERNMENT
RAILWAY CONTROL
Helpfulness and Encouragement
Urged by Alfred P. Thorn.
CREDIT MUST BE IMPROVED
V
Increase of Transportation Facilities
Necessary to Secure Relief From
High Cost of Living May Thua Be
Provided For by the Railroads.
Washington, Nor. 28.?A new policy
of government railroad regulation,
based on constructive i>rinclples of
helpfulness and encouragement Instead
of upon principles of repression and
punishment, was urged by Alfred P.
Thorn, counsel for the Hallway Executives'
Advisory Committee, the first
witness on behalf of the railroads before
the Newlands Joint Committee on
Interstate Commerce, which has Instituted
a general inquiry into the prob
iviun ui liiimMiu i r^ 11 lilt iuii.
"It Is proposed by the Joint resolution
of Congress." said Mr. Thorn, "to
go into n comprehensive study of the
whole subject of transportation, to
make a new assessment, after 20 years
of experiment, of Its history. Its piesent
conditions and Its future needs.
The railroads accept the view that reputation
is a permanent and enduring
part of poverninent In America and
that the first duty of the carriers Is to
the public. That duty is to afford
reasonable facilities on reasonable
terms and at reasonable rates, and tills
must lie done before any private interests
can be considered."
Certainty, Safety and Sufficiency.
Mr. Tlioni contended that the real interest
of the public is in being assured
of certainty, safety and sufficiency of
transportation facilities, rather than
rates. The first consideration of the
public is to obtain transportation facilities.
What the cost is, is in reality a
second consideration, he said.
Mr. Thorn proposed an increase of
transportation facilities as a method
of securing relief from the high cost
of living. "There have been less than
1,000 miles of new railroad constructed
in the United States during the past
year," he said, "less than in any year
since 184S. except the period of the
Civil War, and yet the cost of living is
dally advancing owing to a shortage of
supplies which might be remedied by
securing access to new areas of production.
Credit Must B# Improved.
4$Thie leads to the consideration as to
wnStner rnrresmrefflt rs-rs~jood" as
the public Interest requires. It Is impossible
fdr railroads to earn enough
to supply the necessary new facilities
from current revenue. Tbey must be
provided from credit. Investors cannot
be coerced,- but must be attracted."
Among the conditions affecting railroad
credit which deter investors he
mentioned the following:
"First, Railroad revenues are not
controlled by investors, but are fixed
and limited by governmental authority
and not by one but by several governmental
authorities, which do not recognize
responsibility for assured results
to investors and are uncoordinated.
"Second, RailrondR cannot control
and the government cannot and does
not limit the expense account.
"Third. The present system of regulation
is based on a policy of regulatirn
and correction and not on a policy of
helpfulness and encouragement.
"Fourth. The outstanding obligations
of the railroads have already exceeded
4 U ~ 1- - - * - -
mt- niliiik'iiii l ine or uarety ana involve
n disproportionate amount of obligations
bearing fixed charges.
"Fifth. The Investor must accept a
subordinate obligation or security -with
no assurance of a surplus of earnings
to support It.
"Sixth. Other competitive lines of Investment
present superior attractions.
"Seventh, The railroad business Is
largely controlled by i>olltleal Instead
of business considerations.
Look Forward, Not Back.
"We may debate about what has
caused the present conditions," said
Mr. Thorn, "but we cannot debate about
what the people need. The President
lias taken the view that we must look
forward in this matter and 'make a
fresh assessment of circumstances' In
order to deal helpfully and intelligently
with the problem. Abuses are
no more prevalent In the railroad business
today than In any other business
humanely conducted. The great question
now is whether the existing systeigi
of regulation gives the public reliable
assurance of sufficient present
and future railroad facilities.
"Those who oppose any change must
make their appeal on the ground that
the present systems assure the public
of the continued adequacy of trans
portatIon facilities. If they do not, no
argument based on the desirability of
the present dual system of regulation
will be accepted by public Judgment.
The question of 'states' rights' Is not
involved. If the regulation of transportation
facilities privately owned should
fall government ownership must follow,
and then all power of the states
over the rallronds would dlsep)>ear.
"Let us debate this question, then,
not upon any mere theory or jealousy
as to the distribution of governmental
power, but upon the large Issue of
what the public Interest reaulres In
respect of thp assurance of adequate
tranaportn Hon service."
Gee W
That Candy at Black\
the talk of the town and
wonder ot the Twentiel
and get i*.
J. C. Bla
1
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%006000060009!
It
I How Is Youi
daj
!
If you havn't a pair of C
ter get them, for rough wea
will surely need them.
Still have a few small si;
attractive prices.
Selling horse shoe Oven
supply last.
Wool Goods at 25 to 7
Comforts at prices cheap
T. E. <
!
hiz!!
veil s Busy Corner is
Biggo Gum is the H
ih Century. Come
ickwell
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fouth's Companion
52 ISSUES
ie favorite family weekly of America.
Great Serials or Groups in 1917, and
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McCall's Magazine
12 ISSUES AND A DRESS PATTERN
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Pageland b
SCOSOSOSCS!!^
r Sole To- j
?
iodmans, you had betither
is coming and you
r.ed Ladies coat suits at
ills at $ 1.00 as long as i
5c per yard. :
pi- a n ervffrvn ?
c- 1 1UUI1 WllV/ll* U
Cato j