Arizona republican., 1918-01-05

president and the road. Failing this agreement, the amount of the loss will be ascertained under the terms of sec tion three. From the revolving fund, the president may expend whatever amount he may deem necessary or de- slrable for purchase, construction or utilization and operation of boats, barges, tugs, and other transportation facilities on the inland and coastwlse water ways and many in the acquisi- tiOn operation and use of these facil ities create or employ such agencies and enter into such contracts and agreements as he shall deem to be in the public interest.
 To provide funds for maturing obH- gations or for other legal and proper expenditures or for reorganizing in re- ceiyership, carriers may. during federal control issue such bonds, notes, equip ment trust certificates, stock and other forms of securities secured or unse- cured. by mortgage, as the president may approve as consistent with the public interest.
 The same section authorized the president to purchase for the United States all or any part of these secur- ities al prices not exceeding par and to i sell these securities, whenever in his Judgment it is desirable, at prices not less than their cost. Any sums avail able from the revolving fund which is provided in section six may be used for such purposes
 Section eight provides that the pres ident may execute any of the powers granted him through whatever agen- cles he may determine and may fix reasonable compensation for service.
 Section nine would authorize the | president to extend the workmenS S compensation law to apply to railroad employees on such terms and conditions as Will give due consideration to reme- l dies available under state compensa- t1on laws or otherwise
 Section ten gives the president in ad- dition to powers specifically prescribed any other and further powers neces- sary.
 Section eleven provides that while under federal control, the roads are subject to all laws and liabilities as 1 common carriers, and suits may be brought by and against them and judg- ments rendered as provided by law. Except with the presidents written as- sent however, no attachment or exc cution is to be made on any property used by road in performance of it's common carrier duties.
 Section twelve stipulates that any person or corporation acting for or employed by carrier or shipper or other person, who shall fail to observe any of the provisions of the proposed law, or shall knowingly interfere with or impede possession, use, operation or control of any railroad or transporta- tor system taken over by the presi- dent shall violate any order or regula- ton for carrying out the law, shall be guilty of a misdemeanor and punish able by maximum of s5,0O0 or if a person by imprisonment for not more 1 than two years or both.
 Federal as well as state criminal statutes where applicable, shall apply to all railroad officers, agents and em- ployes. Prosecutions will be in federal district court.
 Section thirteen, the last provides fo1 the indefinite continuance of the law. II makes this brief general provision: The federal control of transporta ton systems herein and heretofore provided for shall continue for and during the period of the war and unti congress shall thereafter order other. l wise"