The literary digest . plications i^ rate schedules, and provide a means of makingcommunities benefiting by extensions pay for them. This plan, which seems so full of promise to its sponsors, wasdrawn up by the four big railroad Brotherhoods—engineers,firemen, conductors, and brakemen—and has been indorsedby the ten railway laboi-unions affiliated with the AmericanFederation of Labor. The idea, we gather from the Washingtondispatches, is that the Government buy the railroads. If itpaid for them at the $18,000,000,000 book valuation, the annualinterest charge at five per cent, would be $900,000,
The literary digest . plications i^ rate schedules, and provide a means of makingcommunities benefiting by extensions pay for them. This plan, which seems so full of promise to its sponsors, wasdrawn up by the four big railroad Brotherhoods—engineers,firemen, conductors, and brakemen—and has been indorsedby the ten railway laboi-unions affiliated with the AmericanFederation of Labor. The idea, we gather from the Washingtondispatches, is that the Government buy the railroads. If itpaid for them at the $18,000,000,000 book valuation, the annualinterest charge at five per cent, would be $900,000,000, approxi-mately what is now being paid as annual rental for the use of the lines. If it paid only the $12,000,000,000 which the spokesmenof the Brotherhood consider a fairer figure, an operating incomeof $685,000,000—the 1918 figure—would mean a considerableprofit with interest charges at $60ff,000,000. But with eitherarrangement these practical railroad men think they could run the roads at a profit. They. Cpy i i^litt^d tV Mil- NtW \iuk ilihlHl, IT DOESNT HAPPEN TO BE THAT KIND OF ANIMAL. ?—Darling iii the New York Tribune would have half of the profitsgo into the National Treasuryand the other half dividedamong officials and employeeson a pro-rata basis; any deficitwould be met by increasingrates, or would be made up bythe Government. They wouldhave the roads operated as oil^system by an operating corpo-ration, which would hold intrust a revolving fund of $500,-000,000 for working capital, tobe administered by a Board ofDirectors representing officials,employees, and the public. The fundamental argumentfor this plan is that the wagespaid to railroad labor are now$2,600,000,000 a yeur, whereasinterest and dividends paid tosecurity-owners are only $700,-000,000. The raiboad workersassert, therefore, that sincelabors interest in the railroadbudget is several times greaterthan capitals, labor has moreright to demand control. It seems to the New YorkGl
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