Mail Carrying Railways Underpaid A Statement by the Committee on Railway Mail Pay representing 214,275 miles of Railway in the United States, operated by 268 companies, containing facts and figures which prove that Railway Mail Pay does not equal the operating expenses that it makes necessary, leaving nothing for return upon the value of the property. THE COMMITTEE ON RAILWAY MAIL PAY J. KRUTTSCHNITT, Chairman Director of Maintenance and Operation, Union and Southern Pacific Systems RALPH PETERS, Vice-Chairman President, Long Island Railroad CHARLES A. WICKERSHAM President and General Manager, Western Railway of Alabama W. W. BALDWIN Vice-President, Chicago, Burlington & Quincy Railroad W. W. ATTERBURY Vice-President, Pennsylvania Railroad GEORGE T. NICHOLSON Vice-President, Atchison, Topeka & Santa Fe Railway E. J. PEARSON First Vice-President, Missouri Pacific Railway E. G. BUCKLAND Vice-President, New York, New Haven & Hartford Railroad C. F. DALY Vice-President, New York Central Lines W. A. WORTHINGTON Assistant Director of Maintenance and Operation, Union and Southern Pacific Systems W. F. ALLEN, Secretary H. T. NEWCOMB, Statistician * * * * * Mail Carrying Railways Underpaid A STATEMENT By the Committee on Railway Mail Pay representing 214,275 miles of Railway in the United States, operated by 268 companies, containing facts and figures which prove that RAILWAY MAIL PAY does not equal the operating expenses that it makes necessary, leaving nothing for return upon the value of the property. October, 1912. TABLE OF CONTENTS. Page I. Scope of this Pamphlet 3 II. Railway Mail Pay Is About to be Forced Still Further Below the Level of Just Compensation, Unless Payments are Promptly Readjusted, on Account of the Additional Volume of Mail that will Result from the Inauguration, on January 1, 1913, of the Parcels Post 3 III. The Postmaster-General's Erroneous Assertion that the Railways were Overpaid "About $9,000,000.00" in the Year 1909, Rests Primarily Upon His Adopting an Unprecedented Theory which Allows Nothing for a Return Upon the Capital Invested in Railway Property 4 IV. The Mail Service Supplied by the Railways Costs Them More in Operating Expenses and Taxes than They Are Paid For It, and Leaves Nothing for Return on the Property 6