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Show PMBII m EHMD ill 1HNG mm Conarecsiran Hepburn Says United States Could Profitably Adopt Englleh System of Control of Stock and Dond Issue. . . WashjnKton Itepresuntatlvn Hop-burn Hop-burn of 'tho RlKath town dlstilat, chairman chair-man of the houso committee on Inter stato and foreign commerce, who has returned from n trip to Kuropo. In tho cnurso of which he looked Into tho Rngllsh railroads, said that ho believed be-lieved this country could profitably adopt the English system of control of stock and bond Ibriio of roada. Ho snld ho expected legislation along this line at tho coming session ot con-gross, con-gross, though there would bo opposition opposi-tion based on tho Idea that congrcsn has no control ovor the instrumentalities instrumentali-ties of commeicc. He said there was no speculation In Hngllsh railroad securities. Ho found English Investors Invest-ors concerned over American railroad securities. Ho himself did not sco how nny ono hnd tho courage to Invest In-vest In American railroad stocks, and laid much ot tho lilanio at Hnrrlmim's door. In this connection Mr. Hepburn condemned con-demned the treasury practice of putting put-ting money Into tho banks to provont alleged money stringencies. Ho said this money went to aid Now York speculators, and It wns nonscnBo to talknhout tho west needing inonoy to movo crops. "Thoro Is no longer n crop moving period In tho west," said lie. "Thoro used to bo before farm-erH farm-erH were ho prosperous. Now crops nro moved all tlio year round." |