The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-09-04
TAFT ANNOUNCES
NEW COMMISSION
Body to Analyze Railroad
Stock and Bond Law.

Springfield, Mass. Sept. s-From his
private car Mayhower. just a few miles
out on his 3,OOO-mne trip to st. Paul and
back. President Taft tonight announced
the personnel of the new Stock and Bond
Commission, which is TO investigate the
proper legislation for the supervision Of
stock and bond issues by interstate steam
carriers.
President Arthur T Hadley. Of Yale
University. was named as chairman. The
other members are F. n. Judson. Of St
Louis; Frederick Straus. Of New York:
Walter l. Fisher. Of Chicago, and Prof.
B. II. Meyer. OF the University Of wis
consin. Or. HadIey viii go abroad in his
investigations within a. short time but
several meetings with the other commits
sioners are 10 De held in Washington be
fore ne begins that trip.
Two Are "PrOgressives."
Mr.. Judson and Mr.. straus have been
called conservatives" and Mr.. Fisher
and Prof Meyer "progressives." but Mr..
Taft undoubtedly believes the commission
is we'll balanced. Ii was said tonight
that any action by Congress at the com
ing short session based on the new COM
missions work is improbabl a report,
however. may be expected next summer
or fall
The commission was selected with the
utmost care. The President considered
scores Of names before he made his final
decision. Prof. Hadley helped greatly in
the selection. He has had plenty OF ex-
perience in dealing with railway ques-
tions. and is regarded by Mr. Taft as
most valuable chairman Mr. Judson
is a graduate Of Yale. He is the author
Of several books on law. taxation. and
interstate commerce. In 1890 he acted
as special counsel for the United States
in the matter Of the Atchison. Topeka
and Santa Fe and the Colorado Fuel and
Iron Company. Mr.. Straus is known as
an economist, and is a member of the
firm Of Seligman & Co, bankers, Of New
York City. Mr. Fisher is a Chicagoan.
and was attorney for that city IN the
settlement Of the Ghicago traction dis
pute, which involved the readjustment
and settlement OF a complicated situation.
whereby all the underlying securities OF
various street railway companies OF Chi
cago were taken up, exchanged for new
securities. and the companies consoH-
dated. Mr.. Fisher is said to be the au-
thor Of the plan whereby the city OF
Chicago and the street railways divide
the profits Of these enterprises.
Prof. Meyer was chairman OF the Wis
consin railway commission, expert spe-
cial agent for the Bureau Of Census and
Interstate Commerce Commission, in
charge OF the valuation OF railways, and
is we'll known as an authority on rail-
way subjects.
On Way to st. Paul.
The President left Beverly about 2:3O
O'Clock. motoring into Boston with Secre-
tary Norton and Capt Butt, who will
accompany him to st. Paul The White
House car drove right into the big South
station in Boston. where thousands of
people were waiting to get out OF town
for the weekend The Secret Service
car followed, and the guards were needed
to keep back the curious, who yelled
and ran to welcome Mr. Taft The Presi-
dents car. attached TO a regular train
pulled out at 4:50 O'Clock. Congressman
Washburn. Of Worcester, at the invita-
ton OF Mr. Taft, rode with him in the
Mayfiower. The seven newspaper men
who went along had the car ahead
Senator Crane boarded the Mayfiower
at Springfield and talked with Mr.. Taft
about conditions in general until the train
reached Pittsfield He was optimistic, but
not more talkative than heretofo e.
Both Gov. Hughes. OF New York. and
Senator Crane were on the Presidential
train guest list Senator Crane knows
more about the administrators politi-
cal laws than any other man. and Gov.
81 -T5 to New Orleans, La, and Return.
Baltimore and Ohio route. September Y