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Show WARFIELD PLAH -; UEIKUE Advocates of Rail Reor ganization Scheme Con- ' ; elude Their Case. WASHINGTON", A u p. 15. Advocates Advo-cates of the WariieU plan for recrani- ; zation of tlie railroaas on a basis tliat ' would pay hohlors of stook a tlat n:ini-muni n:ini-muni return of ti per cent closed their case today before the house interstate cummeree committee. Forney Johnston, of advisory counsel of the National Association of Owners of Hailruad eeunt '.es, pioneer of the plan, and Samuel II. Beach, president of the Savings Bar.hs asMu-iation of New York, discussed its provisions at fin all dav session of the committee. Both declared the pian could be made effective with the return of the roads to private management without disturbing dis-turbing business conditions. Mr. Johnston John-ston said a steadvine; hand must be extended ex-tended to the railroads after the period of government control, if a foundation for American prosieritv was to be : built. In deriving the more or less popular belief that railroad securities were owned largelv bv wealthy people. Mr. Beach asserted that half the people of this country were concerned directly in the welfare of the roads and demanded a law that would nrt'ord reasonable com- - ' recusation on invested capital. The committee has not vet reached the top of the hill in its big- task of hearing proponents of all plans and of reporting out a bill. Beginning next week, representatives of the railway executives' advisory committee will be heard, along with other witnesses who ; want to see the roads turned back at the end of the year, on the same basis as heretofore, except with added regulations, regu-lations, as provided in the bill drafted by Chairman Kseh. |