New Britain herald., 1918-01-04


 claims for final entertainment of amount of just compensation, and in the court of claims proceedings by re- port of the auditors will be considered prima faCie evidence of the facts stated. The just compensation of any federal control of the road not making returns to the Interstate Commerce commission will be determined with the accordance of these provisions.
 Section 4 provides that return of any carrier will be increased by an amount reckoned at rate per cent to be fixed by the president. upon the cost of any additions and improve ment made while under federal con- trol by the carrier from it's own capi- tai or surplus and by an amount equal to the rate accruing to the govern ment upon any advances made to the roads cost of the additions and i'm proven ents.
 Section prohibits any carrier, while under federal control, without the presidents prior approval, from declaring or paying any dividends in excess of it's regular rate during the three years ending June 80, 1917. This section stipulates, however, that the railroads that have paid no regular di- 
 period. may with the presidents prior approval, pay dividends at whatever rate the president may determine.
 Section appropriates $500,000. .00O, which, together with any funds avail able from any excess earnings of the railroads, may be used by the presi- dent ''as a revolving fund.- to pay ex- penses of the federal control on any deficit of a railroad below the stand ard return and to provide terminals, improvements, engines, rolling stock and other necessary equipment. These terminals, improvements and equip ment are to be used and accounted for as the president may direct and to be disposed of as congress may hereaf- ter provide. The president may also order any road to make any additions and improvements. He may, from this revolving fund, advance to the road all or any part of the expense of the additions and improvements so ordered and constructed by the road or by the government These ad- vances are to be charged against the road and to bear interest at such 8 rate, and on such terms as the pres ident may determine so that the United States may be fully reimbursed
 Any loss claim to accrue to any road by reason of any of these additions or improvements may be determined by an agreement between the president and the road. Failing this agree ment, the amount of the loss will be aScertained under the terms provided in Section B. From the revolving fund the president may eXpend what ever amount he may deem necessary I Incir >1n f0r ton or utilization and operation of boats, barges, tugs or other trans portation facilities on the inland and coaStWise waterways, and may, in the acquisition, operation and use of these facilities, create or employ such agen- cies and enter into such contracts and agreem mentS as he shall deem to be in the public interest
 To provide funds for maturing ob- legations, or for other legal and prop CT expenditures, or for rcorganizing railroads in receivership, carriers may, during the federal control period, issue such bonds, notes, equipment trust certificates, stock and other forms of securities, secured or unsecured by mortgage, as the president may ap- prove as consistent with the public interest.
 The same section authorizes the president to purchase for the United States all or part of these securities at prices not exceeding par, and to sell them whenever, in his judgment, it is desirable, at prices not less than their costs
 Any sums availa ble from the revolv- ing bond which is provided in Sec ton may be used for sucn purposes.
 Section provides that the presi- dent may execute any of the powers granted him through whatever agen- cies he may determine and may fix reasonable compensation for service. Section would authorize the presi- dent to extend the federal workme en' S compensation law to apply to railroad employees on such terms and cOndi- tons as will give due consideration to remedies available.
 Section 10 gives the president, in addition to powers specifically pre- scribed, any other and further power 1 necessary.
 Section il provides that while un- x R xxi ls|lEglgs ll!