The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-01-04

| WAsHINOTON, Jan. t--Follovlng Ia
an Abstrast Of the congressional measure
| introduced at President Wilson's In
stance today providing funds TO- com
! pensate railroad owners during the pc
red Of government operation, and ap'
prcpristIns tSOo.OO0.oo0 for that pur-
Tho bill 10 entitled, - bill 10 provide
| for operation of transportation syttems
while under federal eentrol, for the lust
compensation oi their owners aud for
other purposes"
Bection / provides that the president
10 authorized 10 agree with and EusTan.
10. TO the roads that during the federal
rehtgol they shall receive as Juat com
penrstlOn an Income al an annual rata
sdulyaleW a. nearly AZ may bs TO the
roads average net railway operating IN
come for the three years ending June
~, 1917 This, the bill officially calls
the standard return. This section pro-
vides that the net railway operating In.
come 10 10 he, computed from returns TO
tho interstate commerce commission, eS-
GLIDING debts and credits. arriving from
the accounts which are called In the
monthly Interstate commerce returpS
leased road rents and miscellaneous
rents
NO 6sesss Taxes
No federal taxes IN excess OF taxes as
sessed during the year ending juno 30,
1911, arc 10 he charged against the reve-
nue. In computlng<the standard return,
Any net iallway operating Income In nk-
cess OF the standard return 10 10 be tho
amount OF the standard return sccrulns
during the three-ysar period 10 to bs
determined by tho interstate commerce
commission, whose certificate az 10 the
amount 10 to be taken AS final and con-
elusive fcr thu purpose Of tho asresmenl
and the guaranty, During the federal
S .ns, Of props.s of Il. ~s roads S viii
he included ~ a part Of The operating
expsnses or providing through q reserve
fund, In accordance with principles and
rules whloh the president will determine.
Must Accept Something,
Section . provides that II no such
agreement 10 made with tho road, the
prssidc~t may nevertheless pay or cause
70 be paid. 70 any railroad Will. under
OF the standard return. Under this SEQ
ton the legal rights OF the railroad for
prosecution OF lts claim for the balance
before tho court OF claims In provided for,
and any amount found due above tho
amount that had been paid, will bsar
interest at percent q year, and any
will be recoverable by the government
with 8 percent interest
Can Appeal on Compensation,
Section 3 provides thah any claim for
Just compensation which Va not adjust
ed under the terms proyiped IN section
|. will be submitted to q board OF three
auditors appointed by the Interstate
commerce commission. whose menbers
and official force viii be eligible for
thnt service without any additional COM
pensation. These auditors will give
full hoaring TO the road and 10 the gov
erpment and will report 70 the president
tho amount due tho road as Just com
pensation, A sum not exceeding The
amount 90 reported may be agreed upon
by the president and the road Failing
this agreement, either thI federal gov
eminent or tho road mayvfile petition
In the court OF claims for final ascer-
tAlnment OF the amount OF just compen-
satlor and In the, court OF olaips, the
proceedings he report OF the AUDITORS
WIN pe CQntlueteu prlnlh ltce oVuenco