The sun., 1919-03-06

unable TO pay OF bonds and notes that
are maturing so that II presents sltua-
ton that Immediately runs through the
whole fabric of the financial structure OF
the country.
Now this other branch OF require
ments for 1918. The contracts for equip
ment were made in 1918 anc we now
| must pay from time to time In the early
part OF the calendar year s2se.ooo.oo0
on that equipment These bills are COM
ing in very rapidly. They are coming
| in now at the rate of about 100000 a
| day. They will come in more rapidly
than that as the spring comes on and
/ without this appropriation we will have
| to suspend payment on these bills
Must Get 100000. 900 Quickly.
| Mr.. Hines declared that the bulk Of
| the big fund was needed now--during
March, April and May. He said:
I'VE have figured II out that In
| order to meet these obligations of
| the Government that have been
speaking OF here we will need $780,
| 100000 between now and May; that
is up TO the end Of May. and very
large part OF II we will need in
March and April"
| Mr.. Hines was asked IL only $4,000
1
other was forthcoming in the mean
time.
| YES" he replied. THAT comes about
in this way, and that Is another point
I wanted to explain for the information
Of tho COMMITTEES. It Is our settled
policy to require the railroad COM
panies to finance these permanent I'M
provements and this equipment as
rapidly as they can and when we &c
| l,al ~
ticipation is that the companies Will be
gin refnancing these matters and vii
begin reimbursing the Government"
| Some time later Chairman Martin ex'
pressed the view OF the majority mem
bers of the Senate and OF the last Sen
ate IN regard to turning the roads back
to their owners.
II am anxious. that the railroads shall
not be returned to private ownership
until there Is full opportunity for leg
islation." he said.
| The revelation OF Senator Martini
effort to have the President call Con
gress together Immediately was disclosed
in a colloquy between himself and Sena
tor Jones (Wash.), as follows:
Senator Jones: MY action on this bill
| and on some of these amendments nigh
be very much different II l knew tina
Congress- would be called in session her
l
die OF March instead OF the first o
June"
Martin DENIES His stand.
Senator Martin: at will say that I d.
not know a thing about that ! hav
asked for an interview with the Presi
dent. OF course there is great pressur
on him. do not know when he can Be
me. ] have asked him to give me nv
minutes when he can. l expect to Sc
him soon. am going to ask him RICH
squarely to authorize me to say. and asl
him to give II to the public. when he /
going to convene an extra session. d.
net know what the view OF the Presiden
may be. l would say that am In favo
of calling an extra session as promptl
as possible"
Senator Jones: The President ough
t. know that these are important mat
tiers that it will take time to act on"
Senator Martin: II am only askin
from the White House. through the Pres
ident's secretary. Mr.. Foster. that h
give me a few minutes-five minutes-a
soon as possible. and have asked Sex
rotary Glass. who expects to see tn
President tomorrow. to impress upo
him the importance OF giving me a fe'
minutes 80 that l may be able to ad
wise Senators as to what his plans are.