Evening star., 1921-08-16

M'ADOO AS EXPERT
Senate Committee will Not
Hear Former Director on
Railroad Funding Bin.

The Senate Interstate commerce
committee refused today to call wiz
liam G. McAdoo. former director gen.
eral of railroads. to give expert tes-
timony' on the administrations rail-
road funding bill.
The motion to call Mr.. McAdoo was
made by Senator Pittmant dcmocrat.
Nevada. and was defeated. to 8.
Senators Pittman, STANDBY. democrat,
Kentucky, and La Eolle.:e, repub-
liesn. wi, Wisconsin suRpp5sing It; ,,,,..a
closed the hearing and proceeded with
consideration of the bill. Senator
La Toilette voted with the democrats
to hear additional witnesses.
Senator Watson. republican, Indiana.
ator Stanley protested against the
the executive will" asserting that the
purpose Sf the agricultural relief Leg
islation would be defeated II tfe War
Finance Corporation was authorized
securities under the pending bill.
II protest against bringing this bill
fnto the Senate before bearing oSheE1
who do not speak the Language q the
Administrations" he said. II favor
Fearing those who represent the other
Senator Townsend. acting chairman,
replied he had two conferences with the
President, that there had been no sug-
gestion. as Senator Stanley had stated.
that he was insistent upon the passage
Of the bill without the dotting Of an Il"
had, however. expressed the hope Con-
gress would grant relief.
Senator La Toilette insisted that the
committee hear officials Of railroad
labor organizations and others and
make particular inquiry whether the
railroad officials had, by paying ex-
travagant salaries and other means,
dfssipated resources, explaining that
the Interstate Commerce Commits
sion had collected at the hearings
since last January considerable in
formation on the subject. The COM
subject should remain with the COM
mission until investigation had been
completed and report made to
Congress.
The committee proceeded to the
consideration Of the bill and decided
to strike out authority proposed in
the measure as introduced to reopen
the accounts of railroads which had
been finally settled and permit the
funding of any Indebtedness Of such
carriers which existed before the set
tlement. The section restricting the
amount VI SECURITIES HcTc(OkoEC dS.
quired by the government. which the
corporation may purchase from the
President to $500,000,000, was
strengthened by the committee adopt
ing an amendment offered by Senator
Pomerene, democrat, Ohio. An amend
ment, offered by Senator Stanley, re-
stricting these purchases to money
derived by the sale to the public of
War Finance Corporation bonds was
defeated seven to three, Senator La
Toilette voting with Senators Pitt
man and Stanley. democrats.
Senator Stanley, in urging his
amendment stated its object was to
maintain unimpaired the present capi-
tai of the War Finance Corporation
to be available for the relief og agri-
culture. Senator Townsend and other
members of the committee gave as
surances that the railroad funding
proposed in the bill would not impair
the aid which Congress proposed in
pending legislation for relief to agri-
culture by the War Finance Corpora
tion.
The committee adopted an amend
ment offered by Senator Poindexter.
providing that nothing in this act
shall be construed or administered as
to prevent or interfere with the
financing Of exports of agricultural
products by the War Finance Cor
poratiop as may be provided by law.