The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-12-02

authority 10 Undertake improvements
upon the ser upon which II would
ID ne r-uet.. Oh. undertake them.
Every HUn..Irh To this difficult
subject. mnttr. oft decision brings "a
face Ia fnee tusrsf1ro. with this un-
answered an, Hu what Is right that
We should db u.'u The railroads. In the
interest OF Oh. public and In fairness
No answer Ready.
Let me .. .f once that 7 have no
anuwer ROAD, TIo only thing that liz
perfectly cir tH me BE- that Il IL not
fair either a. ,Uc public or TO the own
crs OF the re- Irond 10 leave the ques-
tiun unsnsv,J.i aud that II will pres
entity hocoU. WE duW TO r%clinQuish
control of tn. roads. even before no
expiration ol ..o statutory period. un.
less there sn l appear some clear
prospect IN tu. meantime OF a leris-
iative solution Their release would
ut least protu.. one element Of "A SO.
luton, nnmeE certainty and a quick
stimulation of private Initiative.
u helicyr rnat Il Will be service
able FOR on, .l set forth as explicitly
Is possible tn IltcrnatiVc courses that
iic open tn ou. Dhol e.. We can slmplv
release the Co., IH and go back To the
Old condition. ul private management.
unrestricted petition. aud multi
form regulatluI Bog both state ana fed
ernl authnfit. ur we can 10 20 the
opposite eNtI.Uat and establish com 3D.
pletc Eoveruu 800 control, accompan-
led. if nSccsstl1. Dos actual govern
Wcnt ownership, or We can adopt au
Intermediate .Hlrse 90 mudificd pri-
Vntc control under a moro unified
aud ahirmutl,u public regulation aud
Under such rlfDrultiuus OF the law a.
viii permit wIstDful competition e. Doe
avoided and 70 considerable degree ct
unification of HIIuinisiratlou 20 DE eff
tvcted. as. for example. by regional
corporation under which the rail
ways of dofIuuulr area would hc iu
effect combine iu single svstems.
The one conclusion that am
ready to STATE with confluence is that
IL would be - d~isscrvice alike 90 tho
country and to- the owntrs Of the rail
roads 10 return TO the Old conditions
uumodlfied. Those ar, conditions 90
restraint without development. There
I- nothing affirmative or helpful about
them. What tnc country chiefly needs
iH hat all ltE meant Of Transportation
mould hc developed 10 TsilWuts. its
waterway. its highways. and u.s. coun-
So, sid roads Some new element cot
policy therefore Be- absolutely ucccs.
-tty-uccessHI# for th. service III IA,
public. Necessary for the rclensc nl
credit 60 thu~u who are administering
the railways necessary Tor the pro-
lection OF thor security holders. The
old policy may Doe changed much on
little. hut surely ~ cannot wisely De
left ts II Wa ] hope that the con,
gross viii hlf, 90 complete and ln.
partial stuGs of the whole problem
Instituted az once n prosecuted ga
rapidly 49, possible.
Il stand ready and anxious to re-.
lease the roads from the present con.
troll. ana l must uo 80 at "a very early
date u by waiting until the statutory
limit OF tim, BE- REACHED I shall be
merely proluueIuE the period ~ douh
and uncertain which ls hurtful q
every Interest concerned
"a Paramount Duty
II welcome TINS occasion io AN.
nounCe to ~. .upress my purgusl
Goo ioin In rHri. the representative
of the governments with which W.
have been associated 90 the WI
Jaiinst the central empires gor IN.
purpose ~ discussing with them ia,
main features ~ the treaty of peace
realize the great inouuyonienccs ma