New Britain herald., 1920-02-18
PRESENT K. R. WAGES - WOULD CONTINUE
Continued from First Page)

growing Out or any dispute between the carrier and the employees or sub ordinate officials
 Such dispute, the bill provides should, if possible, be decided by rail was boards of labor adjustment es- tabIished by agreement between the carriers concerned and the employees. No provision is provided, however, for heir organization.
 The bill directs the railway board of la bor appeals, which would be ap- pointed by the president with the sen ate's approval and which would have central offices in Chicago, to consider and decide cases either certified to it hy the lower boards or cases which the latter failed to hear. In addition, the federal board can. upon the. ap peal boards own motion, if it is of the opinion that the dispute is likely substan tially to interrupt commerce." investigate conditions surrounding tho dispute and make 8 decision. Such 7 1esision, however, under the bill must he concurred in by at least five mem bers one of whom must be of the public group.
 Concerning Hate Making.
 The rate-making section of the bill stipulates that the interstate conn., mcfee. commission, in establishing rates which shall yield a return equal to 31e per cent. of the aggregate, value of the carriers property, shall givo due considera ton, among other things to the transportation needs of the country and the necessity (under honest efficient and economical man. lgement of existing transportation fucilities) of enlarging such facilities in order to provide the people of the E nited States with adequate trans porstion.'
 The section further provides that during the two years beginning March l. 1920. the commission shall take as such fair return q sum equal to 51s per cent. of such aggregate value, but may, in it's discretion, add thereto d sum not exceeding one-half of ole per centum of such aggregate value to make provision in whole or in part for improvem ents betterments or equipments. which. according 10 the accounting system prescribed by the commi ission. are chargeable to capital account
 Six Per Cent. Profit Limit.
 Determination of the aggregate
 
 value of the property Of the carrier for rate-makinS purposes is left to the commission with the provision that it shall give 10 the property in- vcstment account of the carriers only that consideration which it is entitled to under tho law in csta ablishing values for rate-makinG purposes. When any carrier receives for any year a net railway operating income in excess of per cent. of the value of it's property, one-half of such eN cess goes to the carriers reserve fund, while the rest goes to the federal rail- road contingent fund, which is to be used by the commission in making loans to railroads or for the purpose of transportation equipment or faciIi- tieE and leasing the same to carriers.
 In order to enable the com iSsion to administrate moro efficiently fed eTaI regulation, the bill. as agreed upon. greatly Widens it's powers and increases the mem oership from nine 10 II is.sioncrs. with an increase from $10.00O to $12.000 in annual salary
 The commissions increased powers include the following:
 Supervision over the issuance of railroad securities. the commissions