The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1918-12-18
MUCH OPPOSITION
TO KICADOO PLAN
Men Who Draw Big Salaries for Run
ing Railroads Object to Gov
ernment Control
THEY WANT FEDERAL AID BUT
NOT CONTROL
Hallway Executives Ask the Maxi
mum of Government Support and
Minimum of Regulation.

Philadelphia, Dec. 1G-Railroad
executives representing 1875 roads and |
92 per cent of the mileage of the
country gave out formal statement
IN which they declared that Director
General McAdoo's suggestion that the
government retain control of Che rail |
roads until January, 1924, "would SIM
ply lead to dclap and confusion Of |
roads both on their corporate and ope-
rating side and defer indefinitely q
satisfactory settlement" of the rail !
road problem.
The executives, the statement said,
have reached the conclusion that
there is sufficient time under the
term of the present act to fully con-
slider the railroad situation in all its
aspects and arrive at plan that
would be just to the country"
The statement was given out by
Thomas de Witt Cyler Of the Associa-
tion of Railway Executives. The state
mcnt follows:
"The standing committee of the
Association Of Railway Executives
have considered the letter of the di-
rector general to the chairmcn of the
interstate commerce committees of
the senate and house and have reach
ed the conclusion that there is suffi-
clent time under the term of the pres
cnt act to fully consider the railroad
situation in it's aspects and to arrive
at plan that would be just to the
country as represented by its shippers
, and the public at large and OH the
other hand to the security holders and
share holders and employees of the
railroads. They are i'm full accord
with the president in his statement as
follows:
"'The one conclusion that l am
, ready - state with confidence is that
1T would be a disscrvice alike to the
country and to the owners Of the rail
roads to return to the old conditions
unmodlfied. These arc conditions of
restraint without development. There
, is nothing affirmative or helpful about
them. What the country chiefly needs
y is that all these means of transporta-
ton should be developed its railways,
It's waterways, its highways and it's
countryside roads. Some new element
of policy is therefore necessary-nec-
} essary for the release of credit to
those who are administering the rail
ways; necessary for the protection of
their security holders. The old pol
icy may be changed much or little,
but sincerely it can not always be left
as 1t was. | hope that the congress
} Will have a complete and impartial
study of the whole problem institut-
ed at once and pro-. ""nted as rapidly
as possible.'
lhcY feel that to at present cx-
tend the time would simply lead to
delay and confusion, decentralization
, of the organization of the roads both
on their corporate and operating side
and defer indefinitely satisfactory
settlement Of this great problem.
"They regret to differ with the d.
rector general, recognizing the able
way he has managed the roads dur
ing the period Of government control,
but they feel confident that it would
be unnecessary and unwise to extend
the period Of control beyond the time
now provided for under the act"
Baltimore, Dec. 1G.-S. Davies War
field, president of the National Asso-
citation of Owners of Railroad Sccuri-
ties, when asked what the position of
the association is in regard to Nc
Adoo's suggestion that the return of
the railroads be extended for five
years, said:
"This association does not propose
to prccipitatc action We have
faith in the congress that it will see
that when the railroads are returned
within the time specified by the fed
cral control act it will be done under
plans fair alike TO the shippers, the
travelling public, labor and to the Sc
curity owners. And we have equal
faith in the railroad administration
that they will give the congress suf-
ficicnt time for working them out"
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