Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-12-25
EXPRESS CARRIERS
ARE ALSO RETURNED
Express Companies Will Be De-
livcred to Owners at Same
Time.
PROCLAMATION is ISSUED
thief Executive Says to Return
Properties Sooner Would
Raise Complications.

WASHINGTON. Dec. 2f-Presidcnt
wilson tonight announced he would
sturn the railroads 10 private owner
hip March ].
The President also announced that
nc railway express companies would
c returned at the same time.
Failure OF Congress to enact RENE
iai legislation was given az the rca-
on for extending by two months tho
inc originally announced for reln-
uishing government control OF tho
0 Congress last May. President Wilson
aid the roads would be turned back
the end OF the calendar year.
EApInnntiOn IL lIndc.
cached by Congress-" SECRETARY % Tu-
,ulty sa'd In announcing Tho proc
aHlilon, 1t becomes necessary in
he public interest 10 allow reason
bic time TO clapsc between the iy.u-
|nS OF The proclamation and the date
its actualiy tax Ing effect. The Presi-
ent is advised that the railroad and
IprcsS companies arc not orEanized
make IL possibie for them to receive
no manage their properties if actin
,er 81"
The Esch --cummins bill. designed
nheet conditions incident to the re-
nee. with the prospect that an arrcc-
nent on differences between the House
ara na Sfnn,s Siarrh WI III be 'lreshed out be-
nc bill would order the return Of tho
osuS az inc end OF tho calendar month
ons1srsd Whisn ne n,li Vas approved. it was
nnn, vio,, hardly likely that an agree
aer, NJ, would be reached quickly enough
put the roads back lie bruarv 81
,r.,sidoh me iionth carlier than ordered by the
iveIw amb, hrs hhhsrs are indications OF a
nsht before either House adonts
ne otner's position on antistrii.s
lauses LAYS, OF the BIN or The auss.ion oe
o the roads ,ne nn ;Gi9verninent guarantee
.'ssn rates 10 meet advanced operat
ig costs Also II was said tonJpb, !.
~. pn Inss: :ona! quarters that bacause ~
gould be made to rush tfro,,atc ,.thcinpt
iecessary legislation. 'hc
staHs iinvc Hcrn Rctnin.I
-. a'asmu ueh as the stats OF rho
Sstems have been rctajn,d .arioua
h.act by the railroad admin IS, ,r.,iaS .u2liS
.on,roi u.n III, OF the railroads TO priya,c
.ather than han ops9aIf ons91yn legal and financial
I1,,I thents OF the railroad ad dr,;n'; nose;
ncrease s9n Tiii remain in existence wit h
nc operatinr I'M soat,ei nfma Tor months after
or,',i, rl.hent service. Swager Shor,thc inc
or!atJonse sh1lrinan Sl, OF the Hous. Apnr3.
II financo ~fSlnnnlttee. fnn and now dircncior
ron, probably VIII be the ~ IN istra-
u ra,nrap mtnu up the governments bnsion.n. Iniosen
SPFees companies Consot;dItont the
in system under goveTnmnm. INTO
.ennrtnd tnd ,our 10 original corporatiooPpe Pesao
justice II there would be epaFtment
hnir .. tnG Sherman antitrust ,uoia. NC
Dencif Encoun,,,
In two years of phvsiSnI
,ncounteTedi = Ho the government has
80 oceooo aeSordinsf eSaSii Of l,nnpFox!mateiS
'npaiati"d by Mr. sherley to 9s.na,es snnsie
,ver jam, w nGn fhe roads were taken
tnteed them n rental Of s9o6S no6 r6Ss ods guar
iually; based on the averapn eoo'Guo an
.evenuns reGIyeaT - ia test period. opcratins
no standard return. and dTs'ooo thjs we, below
'c ABOUT $3.50. 900 600 under vi!
moIni; 5as bsc, The Under OF the defeif ihdt
hi,nlstrhtion, inland watcrwavs ot 'u-
by Co ConrpeFe narPeFopriations aa have been made
the othaE Of one s5S of 6o3 3s5o069,ooo,o 600 and
WHICH has been used as n rnuoi OF
una oS the railroad corporations ansSi
rn 1vr dhe purchase of now eduipmenta a
Ihese amounts will be repaid tn NJ
government. ~ the
Leaders Approve Action.
pressed sSle approva ,n a9ngress s generally ex-
Ton @ IN postponing return Of the rail-
r,,-bt II think INK the President has done tho
terstate Commerce COMMITTEES ana
CHAIRMAN OF the subcommittee whinh
Cummine Bill. o"' aS the
!. 1T would have been very unfortunate
- ~ inc roads had been turned back be-
Legislation to meet conditions In 80 ~.
nen, nection ,o with the reverslon Of the
the threpfpTtis5 prns;dsn smnhdouhtedly will be sent to
it may ne possible to complete the leg.
~ ,'o,, peiore the end of January"
IN announcing these two decisions
% 'ne rFesiueht. Secretary Tumulty is
sued the following statement:
Last May in his message n N.
Congress the President annon,cnG 90 me
that the railroad would be huIer hsnded nver
endar to their vco owners at the end Of this cal
act by issuing proclamation. In tbe he
present circumstances, no aCreemeni
IiomsGs having YET Ss been been reached by the Two
lsation on the subject, it becomsss
necessary in the public interest to njs
low i Il reasonable ;oi time to eIapso be-
and tho date of it's actually taking
Cannot nc Returned Now.
The President is advised that the
railroads and express companies ore
not organized to mako it possible fnr
them to receive and manage their
nhropertleS1 PROP 1dde II actually S turned over to
done It would raise financial and legal
complications of serious character.
THE railroad and express comma
ity to. adequately prepare for tho re-
sumption Of their business under tho
control and management OF their own
stockholders. directors and officers.
Therefore. tho transfer OF possession
hack to the railroad companies Will be-
come cncctive at 1901 4. NJ. March I,
1890"
Proclamation Is -IsSued.
The decision of the President with
regard to the railroad properties was
Continued on Second Page.)