creased, forgetting that it is equally important to him, and really more important, to have the railway system of the United States so handled that capital will feel safe in adding to investments necessary to furnish the transportation that the business of the country demands. Already, in certain parts of the country, the margin between adequate and inadequate transportation is too small. Only last winter, between the Missouri River and Chicago, and in the vicinity of Chicago, the railways could not furnish that prompt and regular service that is essential for a satisfactory movement of the commerce of the country.
The railway-user needs safe and adequate transportation, and it will be furnished just so long as the business pays. The railway-owner cannot constantly be borrowing money for every minor improvement and addition to the property. The cry is sometimes raised that the railways should not make improvements out of current earnings. They should not make all of their improvements out of current earnings, but they should put back into the property
