The Railways And Prosperity Address By Warren G Harding At the Annual Dinner

Cover The Railways And Prosperity Address By Warren G Harding At the Annual Dinner
The Railways And Prosperity Address By Warren G Harding At the Annual Dinner
Harding Warren Gamaliel
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It comes of the evolution into systems, and the crime of over-issue does not justify the wreck of the sur- passing structure of American rail- roading.
Our problem is not of yesterday, it is of to-day and the morrow. It is up to fair-minded American intelligence to deal with the rail transportation problem as it exists to-day, recogniz- ing that increased cost in transporta- tion is quite as natural as increased cost in labor and taxes. Transporta- tion can not be eliminated from the cost of a
...single article of commerce, in the complexity of our modern life, nor escape the upward trend of cost.
ENTITLED TO RATE ADVANCE I believe it is the opinion of ninety- nine of every hundred thinking people that the railways of the country are entitled to an increase of rates, and would gladly see it granted. The thinking citizen not only desires that the railroads shall be able to exist in dull times, and earn to meet their obli- gations, but they are entitled to a rate which will permit them to earn a profit in fortunate years, which may be turned to betterment when the lull comes.


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