New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-06-15
PRESIDENT WINS
ON RAILROAD BILL
..rtorrees Retain Practically
blI Important Provisions OF
Both Measures
auI AGREEMENT REACHED
- and Bond Commission
s'p.,.horized-Modihed gu Long
md Short Haul Clause
The Commerce Court.
- Tbe Tribune Bureau-l J

--.t;refOr. June 1T
decisive victory for that part
90 legislative programme when pro-
@ ." - strengthening the interstate
Fioss 90, in the interest of ship
and travellers A compete agree
N the railroad bill was reacheo
gen ~ the Republican conferrees OF
,.+e and House. The report was
ah 80 n the Senate this afternoon
So. ---.,or Flkins. who gave notice that
.ro,ld call it up tomorrow The
.rotic conferrees did not sign the
end Senator Newlands an
IT. his purpose to fife minority
y WAS laid before the House
,he dav. but under the rules the
e..e,e must dispose Of it before the
Eose oan act
-. conference bill contains praoti-
the important provisions OF both
c.ra+e and House bills and is re-
s.r5s5 as stronger and better measure
sitber Of the TWO bills from which
..s drawn. It retains the long and
bsYl clause OF the House bill and
=. 4ss4ure Of the Senate bill which
.-...,,rizes the Interstate Commerce
r-r,r,issjon 10 suspend for eleven
..tbe snv new rate. fare. charge or
,.s.i6cstjon. The section relating TO
~ mower Of suspension is to take ef-
80 :, once. Al other provisions OF the
..g with the exception Of that author
,,iry The President TO appoint a COM
-,,ssian Ia investigate questions pertain
-z 70 the issuance of stocks and bonds
br railroads and the power Of Congress
"a regulate or affect the same, are TO
tske effect sixty days after the approval
a rhs bill. The conference committee
animated those sections OF the House
b7f providing for the physical valuation
Al railroads and for the control Of rail-
-a.5 cspjtalization. In lieu of the latter
ss-rion 2 clause authorizing the appoint
-sut of E commission to investigate the
srbiect was inserted The commission
Z authorized 70 employ experts and TO
s7sn0 $4,000 in its Investigations.
Prompt Adoption Expected.
The leaders are confident that q vote
sn the conference report viii be taken
N the Senate not later than Thursday
risht. The House leaders believe that
r. 10 exceed z DAY viii be requir61 for
debats IN the House and are predicting
nj the bln VIII be ready for the sig
nztnre OF the President by the end OF
lis week On the whole. the bill seems
% b. satisfactory TO both elements Of
he Republican party Many Demo-
Esnc Senators and Representatives eX-
rssssd themselves as pleased with the
rpou and said they would probably
ma for It = prominent insurgent Sen
siw said tonight that the work Of the
inference committee was far more
Htsfactory than he had expected He
Fshted 10 examine the report tonight,
said. before expressing a final opinion
10 its worth. although he was in
lned TO lcok on il as q measure for
salch al Republicans could vote.
some Of the more radical House in
E'sents were provoked because the
i,gslcsl valuation provision had not
Afn retained. and one Of III ! said he
fst offer an amendment covering this
s1isSlon- This man was one of the most
Is5nt advocates Of the programme TO
s-lat the Senate bill without sending it
y conference committee The Senate
~ contained no provision for physical
'e1zuon The agreement on the rail
.'=a 6il has promoted good feeling in
s'a branches q Congress. and il is now
sfasTally believed that final adjourn
l@1t NIL be taken next week.
Powers OF Commerce Court.
'le bii as perfected and as likely 10
'Ao1'e law creates z commerce court
~posed q five judges, the first OF
-aA are 10 be selected by the Presi-
-l' and thereafter by the chief justice
Ae supreme Court. This court will
jurisdiction over all suits brought
orcs or set aside orders of the
7'slate Commerce Commission. In
- Eoros, il centralizes the authority
jurisdiction Of Circuit courts in mat
meeting interstate commerce.
sections enlarge the power Of
: Commission over railroad regula-
sAo practices. place under the
.'-iclion Of the commission telegraph,
f-Ohe and cable companies. whether
wireless, and broaden the scope
s word railroad Sc as to extend the
-. Suction Of the commission over
s ferries and terminal facilities.
q. e4'enSion Of power is regarded as
LIE Utmost importance.
vl-a'- ,e-ai provisions are made affecting
e,.---- 70 compel them to furnish rates
nis.l1 e.'''lioation and to authorize the com
ns,,, .- 70 institute Inquiries on its own
go9a BY provisions adopted by the
i and retained. by the conferrees
n,-i b,@er Of the commission TO make
u5s1 5.ions IS enlarged. II is also pro-
u. a. mar oonsignor of freight shan
spo night to designate by which of
asg 4.ofe through routes his property
-sported TO its destination
ht c0NFERFNcE REPORT