The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-08-15
WAKEFIELD PLAN FOR RETURN Of
THE RAILROADS PRESENTED

WASHINGTON, Aug. lf.-Thc War
field plan for railroad control with pro-
vision for a flat return Of SIX percent
on capital invested was presented today
TO tho House Interstate Commerce COM
mittcc by Luther NJ. Walter general
counsel of tho National Association OF
, owners Of railroad securities.
Tho fundamentals of ia" plan. includ-
ing division of all surplus over the
fixed return among employees. tn" public
and the road earning IT. were explained
by MIR. Walter. who declared II could be
put into effect Immediately.
The krystonr of the Warfcld plan
tho witness said. is congressional dl-
rcction TO the Interstate Commerce COM
! mission that il shall make freight and
passenger rates sufficient IL Pay opcr-
! ating expenses. maintain railroad prop
+; critics and Civ" not less than six percent
return upon aggregate fair value Of the
property devoted To tho transportation
in each OF the principal traffic terri
tories.
! Mr.. Walter opposed federal incorpora-
ton Il trims portation board and Il ScCr"-
! tary ottranSportatiun m tn" cabinet aud
, declared that under TN" minimum return
| plan tho net result: Of operations in the
prc-whr test period, tho basis Of govern
mental rental, some Of III" cars woulC
! hav. turned in Il surplus for division
! ''"I''"H'T Gnu VIZ, '""'', .
"l' M"'N'r Ha'u W., imam, ~, s'' w
, Va W - ""' ui.i' w ,,i'
,'"' Wv "y '".H I""h ~. r,''
| NJ go, 'u "uo''''' i,r,o,i,,,',,
-, ' 49, ,t' '',v p.'p,' - nais ,,nan
v, w, -, - -, .. - .,',',,,a
'''' =" "pp'E '"c IN w ,'t,,
, .,i w.. ,,a,Ia h.,,.,S
! Co." , ,",i,iI ',rrio;onc,,
80 ' a".r, Wv '',', ",.or,, w.
| 7, ,, r,,|.r,,,,',,,,l 49, a., ,v,rroId
,, ',,i, ,, ,aI,,. ',,',,I,
| ,,.,;;, 81, .,,,t,t. 80 49,
! ,;- ~ 'l"''' III '''' ' Wv @''
! ..,,. I,;,,.o,, ,., .,,.
60, '',,,,, ~;
NV, ,;,,
! ,,.., ,'I 49, ,,,,'',,,. .r,,, 81. -,
/ -, ,c,o. r,,r ,,.a,,a n.y., Wv
| ncroort ,,r,,, r,njto, sho,,iI lao Ji,idcd
| win l,hnr and IN, nubIic 1,hor's
| share sbould ho uscd COR tho establish
| NOV, sc tho irsrronc,. ryst,u or for
pror1, sharing Ry rcos,, of The largely
! increased duti,s wh,rb viii fail unon Tho
| ,nmmi.sion Tho .ocrri,, L,IJrrs ask
| oorrros, ,o,,no.,,o ,,,,,i,,,,,I ;,t,rs,.,n
! c,,r,,,oro, ,,n,,,r,i,.,nns .rh,rd;roto ,o
rob commisvinr I'm, vi,b al I'M. nowcrs
! of ,ho intcr.,,to ,,m,ncr,,, ,nrmissior,
! ~ ,bcir rcsncctivc territories
! ovr nl,r con,cmnl.,cs ,b,,- tbcsc rc-
yinn,I '.,r,u;ssi,ns shall mr., -. h.ords
| nf ron,ilio,ion in c,,tIiu., ,v,r,. d,snutc.
! h,iric = body close to INC rmnluycs The
! carriers, ana the SINNERS
| Thcfissuancc Of securities Of all car
/ wouId w.. vested exclusively IN federal
! authority
| 'rbir ,l,r ,vcu,1 create , cornor,tion
oncra,,5 without nrnri, to tho roiIroods
md r,or.vcd h,. tho min. Interstate
commerce commissioners and eight rail-
, road mon selected hy III, railroads This
| corDorotion would Furnish rxncrt advice
: IN tho commission in tho or~ratiou OF
carriers woul1 nifty terminals. would
| operatc couipmcnt su,h as has been
! hu,It ~. ~ railroad administration, md
| .,,ooo,o, a. ~ ;,ai.;Ir,l r,ilro,ds 7,
,,.o,,,d <,,r,,;sh n sroot ,,o,ri,,, house f,r
r,i,roos e,,ora,jo,, o,,, =, ,ir,1,. - .,,,or-
| eon,, ,,'ula oone,i,u,c ,bc d,rcc,;r,.
! rorcc ror tho handling or tho railroads
.s sirr,c svctcn"
/ 7, con,cndinc tb,, six ,crccp, was
,ho ,ronc- ro,urn would nnt no question
NJ W.oi,o-s soid
| "E,.o, NJ p,,,,h Tho rro,, oxnopcr,
OF Io,,. rc,,rns adn,i,s tbat civ ncrccp,
i, NOT m cxcnssivn re,urr updcr nriyor,
J onorotion"
| Tho s,rcat mass or tho nconln hc said
woro ,i,,1Iv concerned in tho integrity
~ r,i1ro,a sncuri,,ns Tho association
ho,;a., 49,, .,r,,,,. ,n,, r,,a -,
! . h,I, ,;,iI,i ,,,u, ,o,,
&C., - ,,I ,I,,,
ra, ,,, ,,,;rs uaI &C.,, ,.,,,I,,r>
age incentive anu initiative IN opera