Bisbee daily review., 1918-01-05

be recoverable by the government
with six percent interest
Auditing Board Provided
Section three provides that say
claim for Just compensation which is
not adjusted under the terms provided
in section one Will be submitted 10 q
board of three auditors appointed BY
the Interstate Commerce Commission.
whose members and Official force win
be eligible for that service without
any additional compensation. These
auditors Will give q full hearing to the
road and TO the government and will
report 10 the president the amount
due the roads. A sum not exceeding
the amount so reported may be agreed
upon by the president and the road
Failing this agreement. either the fe1-
ersl government or the road may file
a petition in the court of claims for r.
nal ascerIainment of the amount OF
Just compensation and in the court Of
claims proceedings the report Of the
auditors will be considered priIna "a
cie evidence OF the facts stated. The
Just compensation of any federal con-
trolled road not making returns to the
Interstate Commerce Commission Will
be determined with accordance with
the provisions.
Section four provides that the re-
by an amount reckoned at rate 10 De
fixed by the president upon the cost
Of addition and Improvements made
while under federal control by Tire
carrier from its own capital or surplus
and by an amount equal TO the rate
accruing to the government upon any
advances made to the road for the
cost of the additions and improve
meltS-
Section I'VE prohibits any carrier
while under federal control and with
out the presidents prior approval
from declaring or paying any dividend
in excess of its regular rate during the
three years ending June 80. 1917.
This section stipulates. however. that
the railroads that have paid no regu-
lar dividends or no dividends during
that period may. with tire presidents
prior approval. pay dividends at what
ever rate the president may deter
mine.
Revolving Fund"
Section six appropriates $500. 0O0.-
900 which with any funds available
from any excess earnings of the rail-
roads may be used by the president
as a revolving fund to pay expenses
I of the federal control on any deficit
OF a railroad below the standard re
turn and TO provide terminal improve
ments. engines. rolling stock and 9th
er necessary equipment. These term
NAL improvements aud equipment are
/ TO be used and accounted for as the
president may direct aud 20 be dis
posed of as congress may hereafter
provide. The president may also. &C
cordinE TO section seven. order any
road to make additions and improve
ments- He may from this revolving
: fund advance to the road all or any
part of the expense of the additions
aud Improvements so ordered and
constructed by the road OF BY the gov
/ eminent These advances are 20 be
charged against the road and to bear
able on such terms as the president
may determine. so that the United
States may be fully reimbursed for
any sums advanced.
[ Any loss claimed to accrue to any
road by reason of any of these adj
I ditious or improvements may be de
termined by an agreement between
the president and the road. Failing
this agreement the amount OF the loss
viii be ascertained under the terms
of section three. From the revolving
fund the president may eNpend what
ever amount he may deem necessary
CT desirable for purchase construc
tion or utilization and operation OF
boats. barges tugs aud other tran