The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-02-01
WAKEFIELD ASKS
ROADS, INCOMES
BE GUARANTEED
Profit Sharing and Old Age
Insurance in Plan
Given to Senate.
END L. S. RULE. HE SAYS
Creation of Corporation to
Finance Betterments of
Lines Urged. .
END L. S. RULE. HE SAYS
Special Despatch 10 The sry.

WASHINGTON, Jan. 81. - A compre-
hensive plan for the settlement of the
railroad question and one that involves
new features, such as profit sharing
by the railroad employees in the earn
ings of the companies, old age insur-
ance for the employees and the crea-
ton OF a corporation to finance addi-
lions and betterments for the roads
was laid before the Senate Interstate
commerce Committee to-day by s.
Davies Warfield. head Of the National
Association OF Holders of Railroads
Securities.
Incorporation of the railroads, as well
AS all plans for continuance of the
present form of control. He said Fed
eral incorporation would interfere with
State rights and infringe the right of
appeal of railroad users to a home or
sanitation for redress on rates or SER
vice.
Backed by 2O,OOO.OOO.
In presenting his statement Mr..
warfeld declared the plan of settle
ment proposed by him was that OF the
association as drafted and approved
ny it's committees and that it repre-
scnted the voice OF 100000 persons
who are vitality interested in the rail-
road problem.
The plan is designed to obtain not
only fixed return on all railroad stocks
but to provide for expansion OF the
roads through the capital that would be
attracted to this feature.
Mr.. Warfield not only opposed vigor-
ously all forms Of Government owner
ship, but Government operation as well,
and expressed himself as opposed to the
recommendations OF the railway execu-
tives for the creation OF a new Cabinet
Office to be held by the Secretary of
Transportation. who would have SUPER
vision OF the roads.
He urged instead the maintenance Of
the present Interstate Commerce Com
mission regulation with enlarged powers
10 meet the necessities OF the present
situation and the continuation of the
regional rate organization. He suggested
that regional commissions be appointed
for the existing and recognized terri
tories and that these regional commits
sons have practically full powers. but
with all matters before them subject to
appeal to the Interstate Commerce Com
mission.
Plans to Aid Labor.
The Warield plan likewise proposes
the creation Of regional labor commits
>ons TO he composed OF two representa-
jives Of the employees and two repre-
sentstivcs OF the companies. such COM
missions to settle all disputes, but in the
event OF disagreement to appoint nth
10 decide questions in-dispute.
Stripping the plan of operating de-
tails Mr.. Warfield summarizes the fun
damentals as follows:
"A minimum rate OF return on the
property investment in the railroads
fixed by act of Congress through rates
adjusted as occasion may demand, in
order that the securities OF the railroads
may be stabilized and their credit estab-
lished on basis necessary TO secure
the money to provide to the shippers
md travelling public adequate facilities
and service.
Recognition that fixed return
through rates that will enable the aver
age railroad to receive an adequate re-
turn on its Invested capital is not pos
sble without giving to the more favor