Jasper County Democrat, Volume 15, Number 30, Rensselaer, Jasper County, 17 July 1912 — RAP AT EXPRESS RATE CUT [ARTICLE]

RAP AT EXPRESS RATE CUT

Companies Declare Downward Revision of Tariff Will Not Cover Operating Cost New York, July 16.—The express rates prescribed in the report of the interstate commerce commission on express companies will not produce enough revenue to cover the cost of business, according to a statement issued after a meeting of express company officials in this city. In support of this contention it was announced that the companies would prepare statements showing what the proposed rates would produce on business actually done. It was also announced that the companies would adopt the suggestions and directions of the commission in regard to "regulation and practices."