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Lower Fares Wanted

Lower Fares Wanted image
Parent Issue
Day
28
Month
June
Year
1893
Copyright
Public Domain
OCR Text

The railroads of thia country aro not nly doing an iojustice to the World 's Fair itsclt by keeping at high water mrk the price öt passenger transportaïon to Cliioago, hut to all the peoplfl of lis nation. And there is no shadow of n excuse for their action except greetltess. The earnings of about 100 of the rincipal railroads of the (Jnited States i May were nearly ten per cent. greaier ïan the Income of the same representive groupof roads in the corresponding leriod of [892. This fact is signiflcani i ïnany ways. It shows that the volme of general business is very large, or one thing, and that the railroads are i a stronger position than tnight be apposed from the temper of wall street. Auotlier point wliieh ought te be settled 8 the ability of the principal railways to rant cbeaper fares on Columbian KxlOSition business than they liave vet [ven the public. With their earnings efore travel to Chicago began to '"i leavy far in excess of tin large flgures I last ye'ar, it may be expected very onfldently that the financia! resulta of lie next four montbs' business will be II that could reasonably be asked. The arnings ui last month show, moreover, luit tlie Xational and State laws of vhirh the railways have complained as lmost iutolerably burdenííome, are by o means a har to fair profits and proserity. Before winter it will be found hat 1S93 tsdestined to rank high among be best years the railroads of America ïave ever known.

Article

Subjects
Old News
Ann Arbor Courier