Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1918-01-05

! o petition in the court of claims for
! final ascertainment of the amount Of
just compensation
Section 4 provides that the return OF
any carrier will be increased by an
amount reckoned at rate percent to b.
fixed by the President, upon the cost of
any additions and improvements made
while under federal control by the carrier
from its own capital or surplus.
! Section prohibits any, carrier, while
under federal control, without the Presi-
dents prior approval. from declaring or
paying any dividends in excess Of its reg
uar rate during the three years. Rail
roads that have paid no regular dividends
may pay dividends at whatever rate the
President may determine.
Section appropriates $500, 100000 which,
together with ANY funds available from
any excess earnings Of the railroads, may
be used by the President las a revolving
fund" to pay expenses Of the federal con-
troll on any deficit of railroad Glow the
standard return and TO provide terminals.
Improvements, engines, rolling stock and
other necessary equipment. These i'm
provements are TO be disposed Of event.
ually as Congress may hereafter provide.
The President may also, according
to section seven, order any road
to make any additions and improvements.
From the revolving fund the President
may eXpend whatever amount he may
deem necessary or desirable for purchase.
construction or utilization and operation
Of boats, barges. tugs and other trans
ton, hn il11
coastwise waterways.
To provide funds for maturing obn-
cations or for other legal and proper eN-
pendtures or for reorganizing railroads
in receivership, carriers may issue such
securities as the President may approve.
The same sections authorizes the Presi-
dent TO purchase for the United States all
or any part OF these securities and to
sell them whenever in his judgment it Is
desirable.
Section provides that the Presi-
dent may execute any OF the powers
granted him through whatever agen-
cies lie may determine and may fix
reasonable compensation for service.
7 Section would authorize the Presi-
/ dent to extend the Federal workmen's
I compensation law To apply u lallIOftu
employees.
! Section 10 gives the President in ad-
dition to powers specifically describ-
| ed, any other and further powers
Necessary.
! Section IL provides that while under
! federal control the roads are subject
! to all laws and liabilities as common
carriers and suits may be brought by
and against them and judgments rem
dcred as provided by law.
| Section u stipulates that any per-
! son or corporation acting for or en-
! ploycd BY carrier or shipper or other
! person. who shall fail to observe any
! Of the provisions or shall violate any
| order or regulation for carrying out
! the law. Shall he punishable by a
maximum fine Of $1,000, or. if u person,
| BY Imprisonment for not more than
/ two years. or both.
Section Is, the last, provides for the
| indefinite continuance OF the law. 1t
makes this brief general provision:
/ The federal control of transporta-
\ ton systems herein and hereafter
/ provided for shall continue for and
/ during the period Of the war ana un-
/ til Congress shall thereafter order
I oth erWiSe