Show J Other Points of View f MERGING TilE THE RAILROADS It Is entirely practicable from an economic antI and bu business busi l- l ness standpoint to combine tho railroads of or the tho country Into systems which will fulfill the purposes contemplated by y the provisions pro outlined In section D 9 of or tho the Cummins bill hIli that such a system of or transportation once established woula simplify tho problem of or rate mal making ins and overcome O many other difficulties incident t to tc regulation that greater efficiency lency of operation would result and the public would bo be better belter served that unnecessary ary duplication or Of facilities I and much waste of or capital would be avoided a that thal l benefits benefit's bene benc- nc- nc ills Ifs of or unified management which developed eloped under fedi fed fed- i cral eral control would bo be more moro casH easily preserved Consolidations Consolidation's should be he mule made largely larsel on the basis of ot values determined by demonstrated earning capacity with such adjustment of or capitalization on the part pare o or of orthe the he weak weal roads both in form and amount as might be be- iary ary to establish tho the right relationship between the ho capitalization of or tho the strong and weak roads entering proposed The consolidations The Nations Nation's Business |