Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-19
che Federal railroad contingent, fund,
which will be administered by tho
for tho assistance OF weak

che Federal railroad contingen, fund,
which will be administered by tho
commission for tho assistance OF weak
Guarantee Against Dcacit.
sI Government guarantee to railroads
AGAINST deficit during the first Sin
months after the roads arc turned
4 back.
Pcrmissive consolidation OF railroads
in accordance with general consolt;
dation plan TO be prepared by the In-
( terstato Commerce Commission.
Approp.iation OF SSoeoooeoo TO be
make as m anS nav Gh
growing out OF Federal control. I'm
expended funds now in the railroad
for that purpose and an appropriate Ion
OF $4,000 for the Federal labor board
is provided.
As finally agreed upon. tho labor sec
lion provides that at shall be the duty
Of all carriers and their officers and
agents TO exert every reasonable efior:
avoid any interruption 10 the operation
o. any carrier growing out OF any dis
pu,e between the carrier and the en-
should IL possible DE decided by rail-
way. boards Of labor adjustment. os-
CARRIERS concerned and the employees
30 provision is provided. however, for
Their organization.
: board OF Appeals Provided.
:abor appeals, which would he APP
pointed by the President with tile Sen
ste's approval and which would have
central offices in Chicago. 70 consider
SnG decide cases either certified to 1t
sy the lowe. boards or cases which
the latter failed TO hear In addition
che Federal board can 'i:pon tho ap-
peal boards own motion II II IS OF tn.
opinion that the dispute is likely sub
staatiaNy TO interrupt commerce."
investigate conditions surrounding tho
Sispute and make as decision. SIch
SSectson, hoTGy y, under the hin must
hers. one OF whom must he OF the pub
lie group.
:. The rato-makine section stipulated
sion.. i'll establishing rates which shall
sie!6 4 return equal 20 - per cent
81 the agSresat9 value Of the carriers
sion. among other things. to the trans
portation needs OF the country. and
IN, nscessi;y tunder honest. efficient
ana economical management. OF exist
ing transportation facilities) OF en-
arging such facilities in order TO pro-
Ssi!n,es the people OF the United states
Fix Return Mt 81 Per Cent.
H., Inc section further provides that
s, 1920 the commission Shall take ms
such fair return :; sum cqua, to 81.
Ter centum OF such aggregate value.
a sum not exceeding one-half of per
aentuin OF such aggregate value TO
snake provision in whole or in part for
improvements, butternents or equip
3nent which, according to the account
eng system prescribed by tho commits
Sion, are charSeablc to capital account.
I determination Of the aggregate value
Sf the property OF the carrier for rate
SuakinE purposes is left TO the com
anission. with tho provision that it shall
sSive to the property Investment ac-
3:ount of the carriers only that consid-
SS sa which II is entitled % under
ri
receives for any year a net railway
pperating income in excess Of per
yalt OF such excess goes TO the car
Sier's reserve fund, while the rest goes
40 the Federal railroad contingent cund,
which is 10 be used by the commits
sion in making loans to railroads or for
The purchase OF transportation equip
inent or facilities and leasing the same
Moro Members and Higher Pay.
In order 10 enable the commission
10 administer, more efficiently Federal
greatly widens its powers and in
creascs the membership. from, nine to
to IN IMAM a ssrw
Tho commissions incrcascdS powers
include the following:
railroad Securities, the the co sn"nsH IS
approval being required before rail-
roads: can issue stock or bonus. II,
Establishment of minimum rail rates.
The commission up 10 this time having
had only power to establish maximum
rates. This power will enable It to
prevent {: carrier from conducting cut
throat" competition.
Authority TO make such just and
reasonable direction with respect to
car service in times or emergency us
Viii best promote the service in the
public's interest.
May Cnmpci joint Use or TerInin nils.
Authority To compel the joint or COM
mon use OF terminals: to give dircc-
ton for preference or priority in trans:
portation, emharEocs or movement o:
traffic under permits.
Approval OF new construction or
abandonment OF railroads. ''-i,.,
Complete control over railroad OPP
erations throughout the United States
in case OF war or threatened war"
the bill provides. would be conferred in
the commission, which would have
Siintlar thnce