Show RAIL MERGER BILL OBJECT OF ATTACK I WASHINGTON Jan The 10 10 attitude of ot the railroads toward I consolidation mm was as as further r outlined before the senate Interstate com corn commerce commerce merce commission committee to- to today to today day by Alfred P thom Thorn general counsel for tor the tho Association of oC Rail Rail- Railway way stay Executive es Mr Thorn Thom suggested that a bar bar- barriel barnier bar barrier rier riel to the reorganization con con- contemplated contemplated by the tho pending Cum Cum- Curn- Curn Cummins mitts mins bill would be Int by bythe bythe bythe the bill s a own on provision pro I lon that value as determined by the Interstate commission and not the st Issued by the carriers shall hall govern In 11 consolidations Certainly this thi requirement would hold up any consolidations I until the th Interstate commerce commission had completed its lis work of ot valuation he h said What hat motive moth es could the th own own- owners owner ers era er of ot the properties have hav In cap cap- cap their properties In the consolidations at more than their true value alue 7 asked Senator Cum Curn- Cummins Cum mins Republican of ot Iowa lotte 10 a author ot of the th bill But It Isn't the true valuation objected Mr Mi Thom Thorn There is a difference of oC opinion on that Of The witness also objected to th the hills bIlls a provision for Cor a commissIon to assist in the in process of ot volun volun- voluntarily voluntarily tartly effecting combinations lIe urged that a s B section be bo added to gRe mote mole adequate power pester to deal stith Ith the th dissenting stockholders |