Show I HOUSE rAS PASSES i ESCH H RAft All AllMA MA MEASURE Bill Provides for Private te Operation Op OP- Op- Op ration Under Federal FederalS Supervision S By Associated press press NoV 18 The Tho The Esch railroad ld bill providing for Cor own own- and operation of ot rail carriers under broad federal supervision was passed last night by the house to The measure goes to tIle the senate but it will win not be tak taken n up there until th the regular session In December A m majority of the of-the the Democratic mem hem members members bers opposed the time bill after their failure failure failure fail fail- ure to eliminate the provisions for tor government government government gov gov- guarantee of revenues of the carriers f for r the first six months of ot re renewed renewed re- re private operation The railroad bill as passed by the house does this BILL PROVISIONS Provides capital an and Insures the financial future of ot the tue lines during the periOd Immediately after private operation operation operation opera opera- tion is renewed CI creates ates machinery for foi the time voluntary conciliation of labor troubles and extends federal authority author ity over rail transportation by in increasing tn- tn creasing the powers of ot the Intel Interstate state commerce commission control would end with the month In which the bill is enacted and andales rates ales continued in effect t for six months unless changed Roads are aie order ordered d to ask the interstate comm commerce Commis Commission sion slon for tor general rate advances within sl sixty ty days daja and find government guaranty is denied carriers failing g to do so As a guaranty the government agrees that the revenues of ot the carriers for forthe forthe forthe the first six months of renewed private private pil- pil vate operation shall equal the standard return paid during federal control as is rental foi for the use of the lines Short line railroads and express companies also would receive this guaranty GOVERNMENT LOANS Government Go year five loans at 6 per percent percent percent cent also may be obtained by the lines within twenty six months after ater the end Of t federal control and to carry cairy out the provision is made available The funding plan pIAn for tor settlement of ot the roads will owe the government gov gov- gov- gov at the end of ot this year provides provides provides pro pro- vides for a setoff of ot approximately the amount of ot governmental governmental governmental govern govern- mental rental Payment of this un un- liquidated indebtedness would be in ten annual instalments For settlement of labor laboi troubles the bill would set up machinery In vogue before and dunin dUlin federal control for and employer voluntarily conducting conducting conducting con con- ducting negotiations with an added provision for tor a second or appeal board to reach decisions 1 If H the former falls No penalty is provided against strike or 01 lockout and on all boards the workers workers work worl- ers and the rail owners would have equal representation The bill would give the interstate commerce commission commission commission commis commis- sion jurisdiction of ot use control movement movement movement move move- ment distribution and eXChange or locomotives and cars and supply movement and operation of trains and extension or abandonment of rail lines RATES PRESCRIBED The authority of the commission would be extended to prescribe minimum minimum mini mini- mum as well as maximum rates to order the division of joint rates to reroute shipments and limit suspension suspension suspension sion of rate schedules The antitrust law may be set aside by the commission to permit consolidation consolidation consolidation con con- of ot railroads or to permit them to pool earnings or equipment To insure insure freight movement as di directed directed directed di- di by a bill of ot lading a a. road suffering suffering suf suf- fering the loss must be paid as though it had carried the shipment The bill affects water carriers by re repealing repealing repealing re- re pealing part of ot the Panama canal act so as to permit railroads on approval of ot the commission to own and operate boats on the Great Lakes and Long Island sound and gives the commission commission commis commis- sion authority to order connections beIng being be being be- be ing made between rail and water lines s. s |