El Nuevo mexicano., 1920-02-19
RAIL WAGES
TILL SEPT. |
Pay and Rates Both Stabilized
for 6 Months in Conference
Report on Measure.
SIX PERCENT WOULD BE
GUARANTEED TO CARRIERS
(sy Leased wire q New MexIca

tGy AEa6G4 WH9 10 VIEW W@AtSAatsJ
washington, Feb. 18.-Wages eg-
tahlished by the railroad administers
fion during the war should continue
until September i, in effect under the
railroad reorganization bill, the con
ference report on which was present
ed today in the house and senate.
Under the wage provision. pay Of
railroad workers would be stabilized
at the present levels for six months
after the rail- properties are returned
to private control and operation. The
bill also seeks to stabilize rates for
the same time, providing that prior
to September / no rates may be re-
duced unless approval Of the I g. @.
is obtained.
The outstanding points OF the meas.
ure as finally agreed upon are.
Compulsory submission OF labor dis
putes to a permanent federal board
appointed BY the president and com
posed OF nine members equally d.
vided between the employees. employ
ers and the public. No provision is
made for enforcing the boards de-
cision.
Adjustment OF rates by the Inter
state commerce commission so as to
yield to carriers q return or Ek per
cent with another half OF one per
cent for improvements.
Distribution OF half the net railway
operating income ~increasns. six per
cent Of the property value, equally
between the carriers reserve fund and
the federal railroad contingent fund
which would be administered BY the
commission for the assistance for the
weaker roads.
Government guarantees to railroads
against q deficit during the first six
months after the roads + turned
back.
Permissive consolidation Of rail-
roads. II approved by the L G. Oh
Appropriation OF 500,0O0000 TO be-
used as revolving funds from which
to make loans to carriers and pay
claims growing out of federal control.
U~nexpended funds now In the rail-
road administrations hands are also
reappropriated fof that purpose and
IN appropriation OF $4,000 for the
labor board Is provided.
The labor section provides that ~
shall be the duty Of all carriers and
their officers. employees and agents 70
exert every reasonable effort and
adopt every available means 70 avoid
any Interruption % the operation o.
any carrier growing out ~ any dispute
between the carrier and the employees
or subordinate 0fficiala"
Determination Of the aggregate
vaiGe Of the property Of the carrier
for rate making purposes Is left 70
the Interstate commefee commission
with provision that Il shail give 70 the
property investment account 81 tho
carriers. only that consideration
which II II entitled 20 ander the law
in egtshiianlns values fos rite makinK
purp0ses When any carrier TccefSts
for any year q net railway Operating
income q excess 81 3 per cent Of The
rRl1s u il8 property oue-haf ~ such
exoe8 goes { the carriers reserve
fund Whiln the resi- rnfe to the ia.
erai railroad roatiaEctt fund which
q 10 b. used BY ths cpumifsiea in
making i0ana 10 rsflrosfs ~ Tor the
purchase ~ transportation efatpmNst
Or facilities ard ieAsint he sans q
carriers.
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