The Bridgeport times and evening farmer., 1919-08-29
Anderson Would Make It g Crime to Suspend Work and Punish It By
 Injunction.
iENROOT FOR
 UNIFICATION UNDER
 PRIVATE OWNERSHIP
Liberal Element in Senate Is Back of His Bill For
 Full Public Ccntrol.

Washington, Aug. 2s-"I would make a strike a combination in re- straint of trade and trent it as any other wicked thing; l would enjoin It. said former Interstate Commerce Commissioner George ". Anderson in presenting today before the House Interstate and Foreign Commerce Committee a new plan for operating the railroads.
 His plan incorporates features of the Plumb plan with respect to shar- ing profits, having a voice in opera tion and unified control. The roads would bc taken over by the United States Railroad Company. vhkh would be capitalized ct not less than 25 per cen, nor more than 90 per cent. of the value, the balance being fin bonds Judge Anderson thinks capital stock should have a standard dividend rate of to 6 per cent
 Surplus profits, he urges, should be divided into thirds among holders of capital, the employees aud the public.
 An offer is provided to be made to stockholders to buy their holdings D. exchanging stock of the United Sta e. Railroad Co. "in such amounts as to give to the present stockholders re- turn, reckoned on the standard divi- ttHh tl lilt new SIOCk, not greater and perhaps, considering the greatly improved quality of their security, somewhat less than that which has accrued from regular dividends pad during the period of Federal con- troll"
 The new corporation would assume the bonds of the old companies, ex- CoptinC fraudulent or improper issues These bonds are estimated to amount to S11.OOO. .OOO.OOO.
 Judge Anderson said strikes no n 0r would be advisable because of tla principle of profit sharing.
 Inincntion of all the railroads in the United States into a single ra- tional system. prT Eely owned. with minimum earniI guaranteed and with management shared Ly ship pers, farmers. security owners, em- ploycs and the public, and excess profits divided between the public anI employrs is provided in a bill in TO- ducod in the Senate today by Senator Ieuroot of Wisconsin.
 The bill Is approved by the Citizeng National Railroads League and is said to represent the views of the liberal element in Congress.
 Tho chief features of the Lenroot bin arc:
 Ownership and operation of an rail- roads by one privately owned an1 privately operated company. with full public control; mana cement of this corporation, under the supervision of the Interstate Commerce Commission. by II directors selected by the Presl- den and selection of a Director Gen era. D operate the roads
 Other features include valuation of all tho railroads by averaginr tho CrtTinal cost less depreciation. the re- production cost less depreciation and the not earnings over the last 10 years capitalized at 8 per cent.
 Existing bonds would not bc dis- turhed; now stock with maximum div iienos of 6 DOT cent would he cx- changed for existing stock. and carn- ings in excess of 6 per cent. would go 70 per cent. to labor. % per ccn.. to tho public for improvements and re- Tiring cutsta nding stock and 30 per cent. to the stockholders
 Tho Government would Euarantcc dividends of ( per cont on all stock Issued by the corporation The dfrec tors would establish various Iobor boards, with equal Representation, for la'or. to suggest improvements of service, working conditions and so ofsty and to study wages. standards of 1i,,- ing and mediate all labor disarree- 1nents.