The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1918-01-04
limited Press Dispatch. !


Washington, December 27.-The
greatest and most drastic administra-
ton measure that has been put into
operation since the war started goes
into effect with the commencement of
direct government control of the rail-
road business of the country. Through
its control of the commercial arteries
of the country, the American govern
ment will control the department OF
industry of it's citizens. All this is
involved in the order by President
Wilson making Secretary of the
Treasury McAdoo the railroad dicta-
tor
Money For Rolling Stock. =
Washington, December Gloon
gress will be asked to appropriate a
large fund, probably $200,000,000 for
the immediate supply of rolling stock
to handle the flood of traffic which has
swamped the roads.
The director general will have au-
thority to decide whether the govern
ment shall also assume the operation
and control of express companies.
No More Rail Luxuries.
limited Press Dispatch.l
Washington, December 27.-Trav-
cling de luxe will no longer be pos
sible with the railroads under gov
eminent control Under Secretary
McAdoo this will be- thing of the
past. Efficiency will be the great OBJ
ject ard purpose of the service. Pri-
yate cars and extra fare coaches will
be for the most part abolished. The
only private cars that VIII be used al
h0 hoo hui
railroad officials and others in cases
where better service of the business
of the country can be secured by such
means. Dining cars and club cars
will be greatly curtailed. Pullman
cars will be taken off of many lines
where they are not deemed necessary
Show troupes that have heretofore
been havirg their own cars will to a
considerable extent be made to use
the ordinary service.
Bankers Are Pleased.
UNITED Press Dispatch.J
New York, December 27.-Leadine
railroad heads and bankers are high
ly pleased over President Wilson's
decision to take under government
supervision the railroads of the coun-
try They regard it as guaranteeing
the holders of the railroad securities
the safety of their investments and {
reasonable return on these invest
ments.
Brotherhoods Are Pleased.
ss4 UNITED Press Dispatch.1
Washington, December 27.-One o
the railroad brotherhood leaders hat
conference with President Wilson
today. He said the brotherhoods wer'
pleased at the government control
He said the brotherhoods took tn,
view that government control mean
fair profits for the railroads and fai
wages for the men. He declared, how
ever, that the wages must be advanc
ed to keep pace with the rising cos
of living.
Rail Stocks Advanced.
limited Press Dispatch.1
New York, December H.-Stocks
Especially railroad shares, made
great advance on the New York ex
change, on the announcement of tn
news of the government control G
railroads. Most of the railroad share
advanced one to two points early i
the day. One gain was made of liz
points. The stockholders looked o
the announcement as guaranteein
railroad profits.
There has been some talk of tn
withdrawal of railroad securities froI
the exchange altogether, but TIL
proposal has been met with the argu
ment that those who desire to dis
pose of their railroad securities ha
to have some sort of market for tn
turpoSe