Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1918-01-02

land transportation, engaged IN gem
eral transportation, whether operated
by steam or by electric power, includ-
ing also terminals, terminal companies
and terminal associations. sleeping and
parlor cars private cars and private
car lines, elevators, warehouses, tele-
graph and telephone lines and all
other equipment and appurtenanceS
commonly used upon or operated as a
part iof such rail or combined rail and
water systems of transportatiOn-to
the end that such systems of transpor-
tation be3utilized for the transfer and
transportation of troops, war material
and equipment to the exclusion so
far as may be necessary of all other
traffic thereon, and that so far as such
exclusive use be not necessary or de-
sirable, such systems of transportation
be operated and utilized in the per-
Torrance of such other services as the
national interest may require and the
usual and ordinary business and du-
ties of common carriers.
1T is hereby directed that the pos
session, control, operation and utiliza-
ton. OF such transportation systems
hereby by me undertaken shall be eQs
ercised by and through William G. Nc
Adoo, who is hereby appointed and
designated director general of rail-
roads. Said director may perform the
duties imposed upon him, so long and
to such extent as he shall determine,
through the boards of directors, re-
ceivers, officers and employees of said
systems of transportation.
Until and except SO far as said d.
rector shall from time to time by gen.
eral or special orders otherwise pro-
vide, the boards of directors. receivers,
officers and employees of the various
transportation systems shall continue
the operation thereof in the usual and
ordinary course of the business of COM
non carriers, in the names of their re-
spective companies.
until and except so far as said di-
rector shall from time to time other
wise by general or special orders de-
termine, such systems of transporta-
ton shall remain subject to all exist
ing statutes and orders of the inter-
state commerce commission and to all
statutes and orders of regulating COM
missions of the various states in which
said systems or any part thereof may
be situated. But any ORDERS general
or special, hereafter made by said d.
| rector, shall have paramount author
itU and no nhnvpd a. c11ph
Electric Lines Exempt.
Nothing herein shall be construed
as now affecting the possession, opera
ton and control of street electric pas
senger railways, including railways
commonly called interurbans, whether
such railways be or be not owned or
controlled by such railroad companies
or systems.
"The director shall as soon as may
be after having assumed such posses
sion and control enter upon negotia-
| tons with the several companies look
ing to agreements for just and reason
! able compensation for the possession,
use and control of their respective
properties on the basis of an annual
| guaranteed compensation, above ac-
cruing depreciation and the mainten-
ance of their properties. equivalent,
as nearly as may be, to the average
! Of the net operating income thereof
for the three-year period ending June
| 30, 1917-the results of such negotia-
tons to be reported to me for such
action as may be appropriate and law
! full.
Protects Stockholders.
"But nothing herein contained, ex-
pressed or implied, or hereafter done
or suffered hereunder shall be deemed
in any way to impair the rights Of the
stockholders, bondholders, creditors
and other persons having interests in
said systems of transportation or In
the profits thereof, to receive just and
adequate compensation for the use and
control and operation of their property
hereby ass med.
Regular dividends hitherto declared,