The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-01-04
ADMINISTRATION BILL
FOR OPERATION OF ALL
AMERICAN RAILROADS
Continued From Page -

Section Three.
Section provides that any claim for
just compensation, which is not adjust
ed under the terms nrovided il Section
/. will he submitted to a board of three
auditors appointed by the interstate
commerce commission, whose members
and official force will be eligible for
that service without any additional
compensation. These auditors viii give
a full hearing to the road anA - tic
government. and will report to the
president the amount due the road as
just compensation.
\ sum not exceeding the amount so
\ sum not exceeding the amount $50
ircportcl may he agreed upon by the
president and the road. fa'lir tniS
Iagrecmont. either the federal govern
mcnt or the road may file a o.Diuon IN
the court Of claims for final 1scc. Jair
ment of the amount Of Just cpnucnS&'
ticu: and in the court of claiH5 pro-
Icco lings the report Of the audlC,r Wiz
ic considered prhua facic cr.oonc" %
tine facts stated.
The lust clmpcnsa tioD to anN .lo'''-
controlled road not making retwr7 10
the Interstate commerce commission
win be determined i'm accordance with
these provisions
Section ! p"Nid'" l''al '"' l''"' ''' 90
any carrier VIII he increase" L> ID"
amount reckonci AT a r1t' per '''' u"
be fixed by the hr'H'ueh' "'"" '.'' ''''
of any additions ana Hipt"Noh"l. us
made while under federal cohtIoI '}. I'VE
carrier from its own capltaI "f SUI
plus, and 10y am amount ePu' 20 Ili'
rate accruiag to the gov'rn'n'ht upon
Iauy advances made to IN. r''" I"f '''
cost oi the additions an1 improvement, l..
Section five PROMPTS amy ''IlI, j.
IWhilo under federal control without I'''
presidents prior appro'aI lp"m deria
ng ur pay ing any dividends i'm excess "l
Its regular rate during the three years
lending June. 1914 This section ,''u
Hated however that the railroads tl"'
Ihayc had no DIVIDENDS during jh"'
Iperiod may with th" presidents Wl''
lapproyal pay dividends at Whatever rate
Ithc president may determine
Section Six.
S.,ti,r & onprorI.iatos $500 OOu Ouu
,.,i,.h ,o,otbo,, win ana, furl. ay.iIa
h1a f,.,,, .n,. oyca.... oarnin,,- oc ,ba|
lailro,d. may he used by the pia sident
I"os a reyoIving fund.- to nav r,pcnse..
or rod,,.,l ,n,trol on any. daficit ur rail-
Iroad haIo,y tbe standard return ana 10
Iprovidn terminals improvements. en-.
Igines. rolling stock and other nccessar,
esuipmcnt Their terminal improve
Iments and equipment are to be used and
Iaccounted for as the president may iii.
rect
The president may also according to
section seven. 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 ex-
Ipense of the additions and improve.
ments 50 ordered and constructed by the
road, or by the government. These al.
Ivances are to be charged against the
railroad and to bear interest at such a.
rate and he payable ON such terms as
the president may determine. SO that
the United States may be fully rein
pufS'd lor any sums advanced.
HOW Loss He Determined
ANY loss claimed to accrue to any
road JOS reason of any OF these addi-
uoAS or improvements may be deter.
mined by an agreement between the
president anu the roads. Failing this
IaSfe'Meht, the amount of the loss will
he aSccrtalncd under the terms pro