The Seattle Star Newspaper, May 5, 1923, Page 10

PAGE 10 SEATTLE BUSINESS—Finance, FOREIGN TRADE COUNCIL OVER Seattle Delegation Loses Fight for 1924 Meeting NEW ORLEANS, Gelegates to the ‘Trade council, in lest their fight to hav AB the convention city Was decided yesterday that the 08 trustees should select efther Phila @iphia, Boston or St. Loui. Yesterday was Pacif ‘ the afternoon m belz &) discussion of lems and tra Wittiam Pigott, Northwest Forel presided, He urged e@ucating young men urade. "Other coast speakers were Edwin J, Dingle, president of the Dingte Far Bast Economic corporation of San Francisco; John P. Hausman, pr Went of George Bush & Co, of Seattle; SS. Sandberg, port traffic} manager of Los Angeles, and L. E. Williams of the Ladd & Tilton bank of Portland. The convention ended wit day's session, and the gation will leave New night. The delegation Clan cy M. Lewis, secretary Manu Moturers’ associat of Washington liam Pigott, president of the Pa foreign trade council a. president of Geo. 8 Co.; W. C. Dawson, Preside \ ) ae Dawson & Co; Joseph well, president of the Union Na bank; C. H. Howell, president @fthe Seaboard Nationa! bank; E. J ws, of the import and export de- | mt of the Northern Pacific and F. B, Wright, president the Everett Fruit Products Co. Pa Orleans | fuel troubles tontinue to Belgian industry, particular. | fron and steel. Belgian cotton | ing iy depressed by the disap- | ce of the German demand. itwerp diamond merchants report | activity, with better de- Ind for high-grade stones. | Appreciable economic improve | is apparent In Norway, as a} of the aggressive business icy of the government. Shipping ind fishing industries are already fiving benefits from the new ro and a more optimistic tone in | 1 circles is reported. Em- mt and exports are increas-| | h industrics were more| in March, employment in- shipping improved, and activity was more pro- tho the effects of the occupation continue to be felt, in export trade. Financial Flashes James Macfarlane & Co. 811 Second Ave. ‘Twenty industrials 96.30, off Fails $4.22, off .57 Car loadings reach high point for} : | = Washington federal reserve ratio} from 77 to per cent;} York from 86.4 to $2.7 per cent. | | Atlantic, Gulf & West Indies year! mded December 31 net loss $3,582,-| }after charges and taxes, versus | SATURDAY income of $1,781,337 in 1921. Canadian Pacific 10 days ended 30, gross $3,737,000, an in- when compared with same | d last year of $381,000, or 11.3) er cent. ‘Maxwell Motors net carnings after | depreciation and ‘other for quarter ended March 31, $1,026,250, compared with of approximately $600,000 in " @orresponding period last year. President Vauclain of Baldwin Lo- Gomictive, stated that the company d do about $108,000,000 of busi- this year. The company is d for delivery at a rate of $10,- 000 a month to December next. ith works operating at about 95 F cent capacity, the outlook is CEMENT MILLS MAKE RECORDS eduction of Portland cement March was unusually heavy. filis of the country produced near. +9,900,000 barrels, almost 2,000,000 more than in February and 50 per cent more than in h, 1922, Production for the ending March 31 was con- bly more than 25,000,000 bar- is as compared with an average of ly over 17,000,000 for that quar- during the five year period 1919- ‘Shipments from the mills during Ma’ of 10,300,000 barrels, establish- {@ high mark for that month and v Tore than 47 per cent greater i in March, 1922. For the first i of the year shipments wer 0,000 barrels, a quantity greatly excess of the amount moved in hy similar period and approximate- » 64 per cent higher than the aver- be for the five year period of 1919- tocks of finished cement in manu- urer’s hands decreased about 450,- 10 barrels for the month or less than i TON MILE om mile is the movement of one Of freight one mile. It is taken the unit of cost and service in portation, nspyrtation service consists of _ tyo factors, welght and distance. The % filone is no indication of the nount of a railroad’s business; a road carrying a large number of tons ight be doing a comparatively mall ‘ if the distance the freight “was carried was small. “Athe product of tons and milen In -uged by railroads to compare business he with that of other roads, or with of their own road at other per- Ne dy of the m at ardent be ve ed entral CLOSES LOWE CHICAGO, May 4 under pressure all day Do rade as a result mand, reduct mmodition, n seed oll such Whe the Rn ed b tion, Mil were reported per cont capacity, with ness jh aight. Shipmen han 60 per cent norm spring wheat in the was delayed by rain and an \ rmer than wheat due cash market. There Was little indication of country sell ing and there was some export in quiry In oats the market showed a de cided weakness. Provisions were steadier grains, due to a better to! hog trading. Some ported buying provi than ne In late ers were re Chicago Board of Trade Friday's Quotations Oper Migh Low 11.20% $1.20% 91 119% 120) 1 LIM LISS Wheat— Close % S119 & Ly 116% LIT 40% si Sep 50M Oate— May July Sept Lard— May. 11.00, 11.02 10.95 July 125 1430-1142 Sept... 1 Ribe May July. Sept. 40% 4M “ 4% arr 48% Nominal Nominal Nominal Chicago Car Lots Friday's Quotations Furnished by Logan & Bryan S10 Second Ave., Seattle Whea' Open Open Low Clo: Wheat. 33 » 22 ase! Cor: #1 134} Oat 38 1 Rye F) Barley... anes.” gene Cash Wheat. CHICAGO, May 4——Cash wheat— red, $1.21%; oO. 2 rd, 91.19%, H | —— BANK CLEARINGS ~$5,681,974.48 coos 1AM,69L.29 | Portland ' | learings 86,215.00 | | | Balances ‘ 1,377,557.00 | | } | Total transactions . 2,655,000.00 | | ee 7 | Seattle i] A i] 1] Ship News| Tides in Seattle | SUNDAY MAY @ First Low Tide tis m., 6.1 ft./ S$ a m, 6.2 ft First High Tide | First High Tide 7:19 a. m., 10.0 {t.) 9:17 & m., 9.2 ft. Second Low Tide | Second Low Tide 17 p. m., 0.8 ft.) 2:10 p. m., 0.2 ft Second High Tide 44 Dp. ae, 12.0 te . Weather Bureau Report TATOOSH ISLAND, May 4.—$ A. M.— Barometer rising; partly cloudy; wind northeast, 18 miles an hour, sed in, three-mast tanker, at 8:30 p.m. Passed out, four-maat steamer, white, red and | white band, probably the steamer Astron. omer, at 5 e. m.; str Quinault, at 6:40 & m.; Mmotorship Ban Francisco, at 7 a. m.; str Chattanooga City and four-mast Schooner towing, during the night. eee Arrivals and Departures ARRIVED—April 4—Str Steel Export- er from New York via ports, at 1:20 «. MAY 6 | First Low Tide | from San Pedro via San Franciaco and Victoria, B. C., at 6:45 a, m. April Str Santa Inez from San Pedro via port at 7:39 p. m.; str Northwestern from Southwestern ¥ia Southeastern Alaska, at 1p. m.; str Latouche from Southweat- ern via Bouthenstern Alaska, at 2:40 p. m.; str Lillian Luckenbach from Tacoma, Jat 10 p. m.; atr Steel Inventor from Bal- timore via ports, at 6 p, m. SAILED—April 4—Ste Manulant for Honolulu, at soon; str Jefferson for Southwestern via Southeastern Alaska, at 9 a, m.; str Toktwa Maru for Kobe via |¥okohama, at 10 a m. April 3—Btr Northwestern for Tacoma, at § p. m.; atr Admiral Farragut for fan Francisco via Oakland, at midnight; schr Mindanao for Buckley Bay, at 4p. m. os Vessels in Port at Seattle Smith Cove Terminal—Pler A—Str Youen Maru, str Cross Koys, ate Wheatland Montana. Pier B—Str Yokohama Maru, scht Camano. Great Northern Terminal—Str Maru, American Axelen, Bell Street Terminal—v U. &. L. H. T. Heath Pier 1j}-B—Str Owego, Pler ¢—Str Jefferson, tr Redondo, str Alameda, atr Ketchikan, Pier B—Str Admiral Sebree, Pier D—Str Dorothy Alexander, atr Ad- miral Rodmay \ Union Pacific Terminal—str ,Mantilant, Seattle Shipbuilding & Dryddck Co—Mo- torahip Boxer. Pacific Coast Engineering Worka—str Brookda’ U, 8. Shipping Board Moorings—Str Tco- nium, str Anna I, Morue, atr Silverado, str West Hartland, atr Delight, Connecticut Street ‘Terminal—Atr Stool Inventor, motorship Coolcha, str Steel Exporter. Atlantis Street Terminal—Str Willhilo, King & Winge—Motorship Anvil, motors ship Ruby, ~ Stacy Street Terminal—U, #. 0, #. Dell- wood. Kant Waterway Dock & Warehouse Co. Str Lillian Luckenbach, ‘Todd Drydocka—Str Went Nilus, ate West Inon, str Hagadahoc, Duthie’ Terminal—Air Latouchs. Puget Sound Bridge & Dredging Co.— Str Patterson, Harbor Inland Dock & Warehouse (Pish- er’). itr Admiras Watson, Motorship Libby ‘Tokiwa Can Co.'s Terminal—Schr 8, 8. Gold Star, f a decided was conspicuous gented that the n impre i by the eff le ture other indus on dvance ai » a result rts | by the state ad $i gas & thru the entire unmistakable » ne standing where it Id not say that th at current ley & Ohio, 4 ff Pan up \; Industrial A 1 California Petroleum, 88% * Amertos start Americ up up Sugar idated 4 an up %: Cons Texas Compan os Included American United Sta N. Y. Stock Market Wriday’s Quotations Furnished by Logan & Mryao B10 Second Seattle Btock lab Amer. T Low Close acco 160 Ajax Rubber Mt. Sugar Amer, Cotton Ol Amer. Tntl, Corp Amer, I An Am Ana thy Chile Copper Chino Copper Cola ed Gan Cuban An Del. & 1 » tt 51% 1 s um 6 “ ” * Uudson Mo Hupp M Jewel Te Kell Keystone 7 Lee Tire & F Loew theaters Tre a M Bea be 4 Foreign Securities Vriday Furnished S10 Second Ay 4 Russian 6% French & French french Britian 5: British Se, 1939... tritinh Vietory 4a British Ret. 49 Helgium Reator. bx, Belgium Premium . German W. L. és Berlin 4s Hamburg din. Leipaig Ge ..... Japanese 4s .. ‘ Japanese First 4ipa.... Japanese Second 4% 5. United Kingdom, 1929 United Kingdom, 1937 eee Liberty Bonds Friday's Quotations Furnished by Logas & Bryan B10 Second Ave, Seattle Sories— High Low First 24%4a....,101.07 161.06 facey 97.16 714 Firat 49 Becond 4a First 4%a Becond 4148. Third 44a Fourth 4% Victory 4a New 4a... +100.00 100.00 ee 100.00 99.05 . Foreign Money Status Friday's Quotations Furnished by Logan & Hryan Second Ave, Beattie Normal value Present value Sterling . 4.62% . Canadian 98% cota French franc Belgian franc .. Swiss franc Italian lira. .- German mark . Swedish krona. .26.65 cts «»-Norway krone. .17,00 cts «+ Danish krone 18.70 cta 16.00 cta. Greek drachma. 23 cts rier: Denver Live Stock Yriday'’s Quotations Cattlo—Receipta, 250. Market, steady. Steers, $7@8.75; cows and heifers, $4.50@8; stockers and feeders, $6.50@8; calves, 4.50 @ 13.50. Hoge—Keceipta, 620. Market s to tie lower, Top, $7.60; $7.25 @7.40. Sheep — Heceipts, 2,200, stead to 10 higher. $12 5; ewes, $7@39; $13. ‘ 5.89 cts 18.06 cts 4.89 ote 127% ct Market ceders, 76 @ 14.50. . Foreign Exchange Friday's Quotations NEW YORK, May 4 change opened irregular. $4,625 francs, $0.048: | marka, 3 The close wan Sterling, $4.62:% francs, $0.0667%5; lire, 0.04894; marks, 36,970 to the dol- jar. Sterling, $0.0668; Portland Produce Friday's Quotations Butter—15 @ 400 1b. Egge—214 @260 dor. Cheese—16 @ 270 tb. Hens—22 @ 240" Ib, San Francisco Produce Friday's Quotations Butter—Extras, 45¢ Ib; prime firsts, 44%e 1b; firsts, 496 Ib. ¥gge—lxtras, 320 doz.; oxtra pullets, 2: doz.; undersized pulleta, 230 doz. Cheeae—California flats, fancy, 21%o Ib. eine N. Y. Sugar and Coffee Pri znr—VW en 7.91; y's Quotations ir. Raw, $7.78@ refined, weaker; granulated, $9.50 Coffee—No. 7 Rio, spot, 11%6 Ib.: No. 4 Santos, 14% @15e Ib. bd Will Restrict Use of Term “Realtor” The Seattle Real Estate associa. tion has received word that the Na- tional Association pf Real Estate Boards is about to take legal steps to protect the term “realtor? as ap. plied to real extate brokers who are members of real estate associations affiliated with the national associa. tion, “It is pointed out,"” says Samuel Collyer, secretary of the Seattle Real Estate association, “that the term ‘realtor’ is the only protection the public has against improper and un- Nettleton’s Miil—Bktn Makawell, achr ©, 4, Holmen, str Banta Inox. Hefternan’s Drydock—Motorship Oregon, ntr Banta And, motorship Malahat, Winslow Marino Rallway—#tr Cassar, bark Belfast, barge Coquitlam City, bata gitmoen Tutt, whalers Star Now 4, fair practice in real estate transac. tions in states having no real estate license law, the state of Washing. ton being one of them, “The proprietary rights of the as. soclition to the use of the title ‘real. tor’ have been judicially affirmed,’ Close | 6.69 ots | Foreign ex-| lire, | THE SI ATTLE STAR IF THE LETTER IS FROM CAIRO, REPLY IN HIEROGLYPHICS Vice-Consul Webber, at », Italy, reports that, when he ds thoroly reliable Ar inquirte freaw legitimate inquirie rican firma, thi ntly w to with mimeogr form letters in Er result that the £ directly into the read and the opr business is lost Ital let wastebask ortunity » firma int edingly courte expect that reliable will be in and they houses in this country terested enough to write individ ual letters, either Italian French, ting their inquiry as an individual case worthy of ape cial attention Markets | id Wh | Artichokes parague Waal | Beets enule Dealers Cal, per dox we Cal. per Iaeib. Onions Parsiey Greee Peas Peppers ators —1 Yakima Gems, f Radishes—Local, dox tb Khubarb—Local. per Te | Hutabagar— Per sack | Sol graded.26.0 2 u unche as reoits Prices Paid Wholesale Deal Diacks, box . oo extra fancy 4 i Dates — Dromeda | ¥igs— Dried « wpe Preit Lemons Ver box | Oranges * box Pineapple — 1 | Tam jate—Standard b | NUTS Prices Paid Wholesale Dealers Sack Lots per tb Florida per ¢ Saeeeer sy 157) | Almonds—t. x > budded, f ey budded, per DAIRY PRODUCTS | Prices Paid to Shippers Dattertat— Beat Preah r xed colors MIIK—Dert., £0.b. ¥. 0. B. condensary : DAIRY PRODUCTS riers to Ketall Dealers lac creamery, cubes Local prints, wrapped. Kane—Freah ran Mixed colors Pallets Cheeee Or. tripleta . Wisconsin Mock # ah. trip’ Tillamook trip POULTRY AND MEATS Prices Paid by Wholesale Dealers to Shippers Revilers—Leghorns, per 1. . Rocks and Keds, per 1%. | por, 4 up tow 4 to 4% Tbe, Live, light, 3 to 3% The. Fancy dry picked 3 cents above live Geene—Live, fat, # to 10 The Heigian Hores—« the and up.. Turkeys—Pancy 4. p.. 8-18 tba, | Live, fat, per tb | Roosters—Old, live, per | Hogs— Cholce, tight : 19 Fancy, teht Medium, lia Med., heavy. 150-260 Tow oo | POULTRY AND MEATS Prices Paid Wholesale Deniers | Dacks—Dressed, per tb. Mens—Dressed, heavy . remsed, light ive, heavy, 1 Live, light, Tb... Beroilere—-1923, per Tb. | Geeae—Dromed, per My | Turkeys—Fancy, dressed Live, fancy, T%. Belgian Hares—Liy Dressed, per Ib. .... Cows—Country, dressed, tb. Hogs—Fancy, block ... Veal—Fancy, light | Heavy, coarse . | Medium, dressed |. LIVE STOC Quotations at Stockyards Cattle— Prime steers .. Medium to good Prime cows and heifers Prime leht Heavy calves Bulls Light caiy Koge— Whe iritseasvacs Smooth heavy .. Rough heavy Pigs | Bheep— Prime lambs Cull lamba Yearlings . Wethers, light Ewes .. Wiessscsens FLOUR AND 8U Wholesale Prices Floar—iends, locain, 49 Hilends, local, bales Art, local, 49's, bbl. Art, local, bales .. | Sagar—Canc, per owt. Beet, per owt... ‘ GRAIN AND FEE City Delivery, Wholesal Whole feed, 100's , 16 1.008 9.60 + 10.256 10.75 9.008 9.50 Cracked and feed me Onts—Whole, food, 100 Rotled and ground, Sprouting, 100's Faas Whent—Recleaned feed, 12 | All-Grain Chop—50's Chick Feed—100' 6.00000.) Chick Mash—100's, with 1. M. Growing Feed—100's Growing Mash—100' Egg Mash—100'r, no B. M. Serateh Feed—100'n . Whoat—Mixed feed, Cocomnut Meal ...... Cottonseed Meal, Linseed O11 Meal ; no B, Hone Meal .., Bone—Granuiated . Charcoal--Hardwood Fish Meal Grit—Limestone |, Granite Paid Advertisement TAXPAYERS!!! Counciiman “Bob” Hesketh Voted for the $15,000,000 Street Railway Deal OR. 2 DEFEAT HIM Seattle Is Growing new building 1 Vine st, cx Tramontir just completed the 78 rooms divided sirable tenants rt when properly ntainin| filling up with artment t prner o! em! and up-todat ment bullding uses | local Railroads Need Sales Managers, Says Babson Statistician Sees Better Year Coming for Transportation Business LESLEY, ‘You lw the g en hea thru it rail nment, 4 the ¢ they earnings, have some ern has ngs this The government has not guaranteed any earnings and all “ls are being dealt with upon the present valuation set by the interstate commerce commission, and not upon their capitalization either real or fictitious, The al ruling put in force ck to the in sion may be ge eed them ear really m fact, BABSON mmis show @ rea investment intorntate commerce blinhed per cent, . if it shows a loss | there is no re have on the of the p lation complain flew! comm) all jon est have w 1 or wro! our it been atill ma ct ‘The comm: gly, we transport Ko thene rate is relal shippe tomer railroads, compla: | that he in being held up for exorbi tant freight rates, that he cannot get joars w he them, and that he has quit in claims for net tlement becaure it costs him m time and me trying to them than claim wort FARMERS HAVE TRANSPORTATION KICK “The second ready with his bill of right of grievances, The railr him without cars and hi on hands. | | depreciated heavily cars Qid finally arriv iw he a large part of his cus-| ging thing about the | ole nituation is that three or four | of our great railroad systems have | their senses and are really | & thelr service and giv ntion to their custom. | The succean of the course they | are taking is evidenced by increased | traffic and very satisfactory carn. | ing to our come An m er collect actually | ey e ia “During the next few months IT hope that the rest of our rail- roads wil) hecome converted to this common sense policy, and that they will realize that run- railroad is very much like running any other business—he profits most that serves best! This is why the keenest investors are now bullish on railroad stocks. “If 1 had one tems on my & saleamana compete: wervic customer of o 1 » also is and lint have left he | “Nor are | about the presen’ you and I much happier uation. We ride} and com-| Our feel when of figures berth check of rail d . 1 would hire r for it, a man thoroly to sell transportation » the American public. A man who could merchandise efficient transportation to the shipper, and ould sell a pleasant, comfortable journey to the traveler. The rail- business is no different from other service. It must render | & nervice, but it must also sell that service. these | ay hand jon trains a plain of wretched nervice lings are not soothed Jexamine the colum our Pullman jall re xes and surtaxes in order he commercial are particularly incensed just because the courts have handed| down 4 permanent injunction} jagninst the issue of mile books. | ‘The quantity discount that used to| oN x seni oie erat cat custemes st} SChool Candidate Honored by Friends transportation is no more. He must pay the full tariff whether he likes! 7" 4 It or net." date for election to the schoolboart, Reheat eta al Mae 80 of his friends gathered for a din- > ; sage ner and rally at Rogers’ restaurant “If we look into the transporta-lin the University district Friday tion business itself, we find a dissat-l night. United States District Attor- Tom Revelle, Mrs. Mattie Sem- passengers jothed any we on find | and velors now | isfied group of workers who are/y spending a large part of their time] ones, Mra. Avery Wilkins and Mra. A. trying to get what they think will trying gave two-minute talks. {bo a satisfactory working basis. Produce, Shipping, Real Estate, RENTALS ARE HIGH IN EAST Seattle Is Free From Cost Inflation, Says Realtor h $16 "Thene 4 are ral obser Henry Brod trip thru the brought erick from hi East “Inflation 4 Eastern ¢ “both in land general in the large Broderick, J construc mark abi bem must y to B lues owever, rem they do no’ rentals and v y free from inflation now best > live in on a moder other fact I noticed, t along without ¢ In all mil Eastern farming lan: er saw a farmer painting and that is the country of red barn’ of thru rm, the big Wettrick Leaves for Traffic Meet J. Wettrick, attoraey for transportation department of the Chi Commerce, left this morning for San Franciso to attend the meeting of the Pacific Coast 8. the mber of ruling, has | league Monday. The league is com-| posed of representatives of the traffic departments of the various commer- cial orgar of Pacific Coast An the important matters to be considered tx the present trans- continental rate situation. 450,000 Birills of Wool Go at 55 Cents BOSTON, May 4—The local wool market continued very steady, but there was no general buying movement. The feature day was the sale of 459,000 pounds of Sutton county, Texas, wool at & citle’ on; Mass., was cents to the grower to @ local wool] a» house, The wool is of a fin acter and owing to the sc fine wool in the local mark high price was paid. cbar clty of . the Building BON MARCHE CELEBRATES Seattle Store Has Third of a Century Anniversary in the Bon Mar country, its 1690 on Cedar name, ra of its orig he reflects Seattle Seattle was town then, wa email la while Bon urche, thousand empley of every 350 cith One f jon. and the a Today Seattle has a big popu- the population of t numbering over ex, supplies one ns of the city atures of the pres ts employes’ co-op This neseciation whow mendations shape rules and con ditions w which the working nt, and its committee busine educational on, recom the hours ¢ control m and social activities far as we have been raid Karl M, Case has a floor other dep nt There are but two cash stores that do a larger one in New York There growth able to dete ‘our an any store in the country partment volume of busine and one in Los Angeles. a tribute to the more a m in the city t growth possible.” The present management of the Bon Marche is vested in Frank Me- Dermott, president and general man- fordhoff, brother of the sident; and treasurer. facts, of the civic our made | Arthur Nordhoff FURNITURE CO. _ CLOSES. LEASE | He C. Ewing reports the closing | of a lease for three units of the new | Frye's warehouse building, now un- der construction at 6th ave. 5, and Connecticut aye., to the Dornbecker Furniture company of Portland. The © leased comprises a floor arta of 20,000 square feet. he Dornbecker company will use |the space as a distributing point for |this territory. The company has ha tributing points at San Francisco d Los Angeles, but not at Seattle. establishment of such a branch held to indicate the growing (mportance of tho territory tributary to Seattle. \n \ Ap Ocean Voyage in Waters iN ™ From Vancouver to Alaska, ¢x water trip in America protected by istandr, capped coast range. nadian largest in North Pacific waters— trip of the Triangle Tour. Prince Rupert to Jasper the Inside Passage, the most beautiful A sea voyage of over 600 miles, Wondrous searcapes and mountain views of the snow- ational Ocean Steamships, {| outside staterooms, This is the water The two land aides of the Triangle Tour, from jonal Park and from Vancouver to Jasper Ni in calm waters fastest and tional Park, Me through a part of Canada that for charm and grandeur of #cenery is unsurpassed. ‘This Year Travel CANADIAN ROC TES, THE NEW WAY A new way to travel—a new place to go—new things to see. Summer Excursion Fares East May 15 to Sept. 15, AN NATIONAL Say CANADI Apply J, D. 902 Second A Canada Welcomes United East or West McGUIRE nine, Seattle ‘tates Tourists Passports Required. ‘The Canadian National route through the Rockies peaks, at the easiest akirts Canada’s highest gradient and lowest altitude of any transcontinental route, They are for government ownership because they believe it would be of | direct benefit to them ins it would probably pay wage and would continue whether the business done or the} service rendered Justified it or not. | The taxpayers could meet the deficit. | A selfish and unsound proposal at| best | “If wo turn to the many thou sands of small investors scattered | thruout the country who own our| railroads, wo find that they are not | very enthuslastic. ‘They will tell you | that their money has been tied up| in rail securities all these years, | that they have received very little} in either actual return or in the way | of encouragement, HEADS, SOMMBODY LOSE TAILS, NOBODY WE “Now, with all thos Jone might supy would be winning. We turn to the {management of our roads and we find them complaining bitterly that they can do nothing because of gov. ernment regulation, ‘They will tell ly uu that their roads are in need of repair, but that the government will not allow them to make enough to pay interest on the money that they must borrow to buy the new equip ment, so they have to worry along with what they have and spend thelr time trying to hold off more adverse | logielation, “Woe are, therefore, unanimous in our agreement that something is wrong, but what is to be dono about it? Our railroad system cannot break down completely The circulation of our great mercial world cannot stop or business would die and the peo: ple would suffer starvation. There seoma to be u great deal of misunderstanding among the radi. eal element who aro pushing for more restrictions and adverse legis. lation, WEEKLY people losing, that some one mencing Friday, ' om a pinnae a PASS RATE May the 4th. Car Fare Reduction On Rainier Valley Lines NEW WHOLESALE RIDE $1.15 Effective Monday, May 7th, 1923 You cannot afford to pass up a weekly pass at this rate. $1.15 for unlimited rides for seven days is less than token fare for one round trip per day for seven days. You will save hours and dollars thru the ownership of a pass. Be sure to get yours by Monday morning. Any of our conductors will be glad to sell it. On sal e@ com- Seattle and Rainier Valley Railway Co,