The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-07-27

turned to thrir owners II as good con-
dltIDn as when taken over by the gov
ernmrnt and me transportation act. rec
ugniZ!HC that h"t:"rm"ntS and additions
belong to capital a"rOunt, provided that
such sums rs The railway companies
owed tho government for hettermcnts
and new equipment, added during tho
period o. EuI,rnmcnL operation, might
be refunded. There has been, ut no time.
any question about the Justice OF fund
INK Su,i indebtedness Ia The govern
mcnt Indeed. II has Dcru in prUGress
to a mr;lsurably G"%I"e ever since Tho
return Of the railroads 10 their owners
il has been United. however. to such
cases az those Al which final settle
rnen;s with the railway administration
have been effected. The process Is ad
mittedly toe SLOW to meet the diflicI!t
situation. which The owners OF the rail-
roads have beru facing, and believe It
essential to rr>,"rc railway activities
and essential TO IN" cnuntry's good for
luu. ~ hasten butn funding and settle
mcnt.
Government Owes Roads.
quite apart from the large sum Uw-
Ing to the government. which We are
morally and legally hound 10 fund. The
government admittedly owes the raIi-
accounts such as compensation, dcprc-
citation and maintenance.
The way now wuuid seem 10 he clear
tn very carly adjustment and rrtIcf ex-
ccpt for the fact that the railway Id
miniStrutinn though POSSESSING; assets,
does not command the funds necessary
~ meet what will bc It's admitted oDlI-
6atUns.
No Additional Funds.
There - no thought 10 ask congress
r ks,, tyr.. htE
dred million dollars Will bv necessary.
The railroad administration has. "r VIII
have in the PROGRESS Of fUnuiU'- ample
securities to meet al rcquil'- NtS IL
congress will only grant IL" hVritT
10 ncgotiutc these securities mi pro
vide the agency iOr th"i- n"-,"'.';I"0.
with this end in View y"l! are ash
cd TO extend the authority Of tie war
Finance corporation so ihat II ma!
purchase the railway funding srcuritl":
accepted by the director general or ran
roads No added cXHcnSc. no added IN
yestment IS required on the l"lrt'nt tn
government. there is no added N:IhtE'
no added tax burdens: II ~ mercy me
grant OF authority necessary :" "habt'
a most useful and efficient ~ nucn'
agency to use its available FUNDS 10
purchase sccuriti"S for which congress
already has authorized the issue. ana
urn them into the channels or finance
>rudy Ia float them.
No Question Of OotS alton
IT can readily believe that ST. simple
a remedy will have your prompt sane
ton The question Of our Obligation
cannot be raised. the wisdom o: afford
Ing carly relief IS not 10 be doubted
and the avoidance of added HpDropr!a-
ton or liability Will appeal 10 congress
and the public alike.
Tending proposals for relief and
their discussion have already brought
10 the attention Of congress tho very
promising possibilities Of broadening
the powers of the war finance corpora.
ton for the relief OF agriculture and
live stock production. This corpora
ton has proven itself so helpful in the
relief thus far undertaken. that ] cam
not help bu, believe that its br0ddened
powers as have been proposed "a meet
agricultural needs. 10 enable II wholly