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Newspaper Page Text
I THE DAY BOOK!
N. D. CCCHRAN
EDITOR AN a PUBLISHER.
seo s. peoria. sr. Chicago, iix.
Tolpnhnnet Mlterlal, Monroe 8
leiepnones circulates. Monroe 3SS
Subscription By Carrier in
Chicago, 50 cents a month. By
Mail, United States and Can
ada, 50 cents a Month.
Entered as second -class .matter Apr 11
21. 1914. at the postoffice at Ohlcatto.
Ill, under the Act of March I. 187.
GREED AND CAR SHORTAGE
All efforts of the interstate com
merce commission to put air end to
the shortage of freight cars appear
to have been unavailing. The net
shortage reported for March 1, which
has just been made public, was 124,
'973 care, an increase of 14,985 .over
This increase in the car shortage
occurred in spite of milder weather
which, it bad been stated by railroad
officials, waB all they needed to re
lieve the situation.
The" present car shortage is due
fundamentally to the fact that in re
cent years the railroads have divert
ed income which should have been
expended on cars to the payment 'of
larger dividends. Records of the in
terstate commerce commission show
that during the seven years ending
with 1906 the railroads' stock of
freight cars increased 472,383, while
during a similar period ending with
1914, the latest data available, the
number of cars increased only 236,
345. During this period when the rail
roads were, failing to keep their stock
of cars up to the normal demands by
the purchase of additional cars, they
greatly increased their dividend
rates. The official records show that
during the period from 1908 to 1914,
.when they cut down car
the average rate of dividends on all
stock outstanding, including water,
was 4.8 per 'cent, as compared with
3.2 per cent during the 1900-6 period,
when they purchased cars to meet
the growing traffic.
In plain language, the railroad
owners increased the dividends to
themselves 50 per cent instead of
buying the new cars which the
growth of business and agriculture
WATER PRESSURE. The fire
Which destroyed SL Catharine's
church in Austin last night brought
out the fact, stronger than ever, that
the water pressure in that section of
tLj city is rank. Austinites have
been complaining for years about in
adequate water pressure. In the
summertime there is barely enough
push to the water to give a garden
a drink. '
For the first twenty minutes of the
church fire ,firemen were unable to
make the water reach the roof.
Flames spread to the priests' house
next door and made a great hole in
the'rdof before engines arrived to
pump water high enough to douse
the " fire. Ordinarily, with proper
pressure, the damage to that house
would have amounted to practically
It is high time something is done
to give as big a section of Chicago
as Austin is, the proper water pres
sure to at least fight fires.
Austinites claim that Oak Park,
which gets its water from Chicago
pumping stations, is better treated
than Chicago itself.
WHEN TO BE COOL
The grammar school principal
went from room to room explaining
what to do In case of fire. The pupils
listened with respectful attention un
til he came to his final instruction.
then giggles disturbed the principal
Above all things," he said, "if
your clothing catches fire remaim
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