The Birmingham age-herald., 1919-12-20

THE SENATE COMMITTEE Interstate Commerce held
 o the apa dn oeor ss Whn 82ss reported favoraby by that Committee to the Senate.
 Adequate and prompt legislation has been urged i by the President The result od the Gommee m @ e1ori D d MnsI legislation which recognized by the Presden by both pot sa s be pafSs cummns R B the pu0' Dill The House Committee on Interstate Foreign reported dealing with features of railroad uaton, which passed the House with sundry amendments underlying problems mak mperled through the old warfare the the railroads and of shippers and as result o Sass of on od 'hs aup pa' ' the puO'
 Advocates of government ownership oppose bills advocate substantial of the period of federal control with that end in view.
 DELAY ENDANGERs RESUMPTION OF PRIVATE
 OPERATION.
 The railway properties and the traffic machinery sui responsible directly solely for the preservation and eff the fault of the of the Railroad the unavoidable of consolidated operation by the public treasury can
 ne o n the adoption of indispensable remedial legislation would further taon and make resumption of private on sound erhip constitute blight American politics restrict development and enormously increase the eompety only through prompt and decisive action by Congress end to the attitude suspicion by public officially stimulated toward the American railroads It must also railroads and the investing public the attitude of the rate
 
 Such legislation must prevent the possibility of exploiting security issues and like possible of public drust rates by subjecng rate levels to workable United States Supreme Court forty years ago. the different roads" that units be expected under the old laws because of the disposition of the ratemakng authority to depress the rate levels unduy the value of the of individual roads in the several competitive which unusual density of traffic might otherwise produce excessive results
 BOTH BILLS GREATLY EXTEND REGULATION.
 bills evidence the nflexbe purpose riers begun 1887, the limit deemed with pr- vae IS m n do nO GP U oppG I or that nat weight opinion the hearings before the curty ssues new construction car supplies facilities and extent service and operation
 entitled to reasonable statutory protection To return these this protection is assured the Investors in railway well afford renquish speculative possibility they assured fair ceve reasonable return they produce the energy and eff under rates found adequate for the age, condition in each group; r
 provision remotely tending recognize corresponding gon of Congress for protection from it's elaborate recognition of that obligation Section As matter e sa e ns m M Senate sent conference with Section unmpaired
 PROVISIONS OF SECTION 6 INDISPENSABLE.
 Section fundamental It is indispensable ous of sound system of competitive American transports the question of concurrence delay endange the of b m n oo in a M a the Association of Security Owners would desire but recognize that legislation that this prolonged patient courageous well informed and action the part of the sany accepted by sent to conference where such differences arise other features of the bill The elementary good faith repudates the