To bring both Santa Fe and Union Pacific into the Chicago gateway as transcontinental competitors and bar out Southern Pacific would be indeed grossly unfair. I have no intention of doing anything of the sort. Cross quickly with me from the Middle West territory to the lovely Pacific coast. Here again we think clearly in our own terms of purely regional railroads. Two of them would occupy the extreme coastal district all the way from the Mexican line to the Canadian. The most southernly of this twain is the Californian railroad, a fine, dignified name for a fine, dignified railroad extending well beyond the bounds of even the great Golden State, north to Medford, Oregon, and east to El Paso, to Albuquerque, to Salt Lake, and to Ogden. Within this huge and rather sparse territory--sparse as compared in a rail traffic sense with the territories west of the Mississippi River--we should have an absolutely non-competitive railroad, but under strict regulation operated for the greatest good of the greatest number. That has been done before in California; it is being done to-day and most successfully. The Southern Pacific is usually most responsive to its huge non-competitive territory. It gives to it in most cases an adequate service. New England lends itself to the non-competitive and highly economical regional railroad. So does the west coast too, but because of its giant sweep we give this last seaboard two regions, the one to the north of the Californian railroad, the Puget Sound Lines, extending, as we have seen, north from Medford, and west from Spokane as well as south from Vancouver, British Columbia, and northwest from Ogden, Utah. East of these two great railroads--and yet neither of them too intensive for successful management by a single executive head--are the Colorado Lines, embracing roughly the main mass of railroad trackage within the State and extending north to Cheyenne and west to Salt Lake, by way of the present lines of the Denver and Rio Grande as well as by the yet uncompleted Denver and Salt Lake. It is a far smaller region than the two we have just considered, yet a territory of a considerable traffic and, because of its location, necessitating the most intensive sort of operation.