Show wr ATE DECISION a 1 i IS 15 EXPECTED IN l I I 5 1 iC c. c C. C to Answer Rail Plea J forc fori Increase Sooner Sooner- 3 i Than Scheduled By H. H O 0 O. O THOMPSON United Press Pres c Staff Correspondent r WASHINGTON N July 24 The 24 The de de- de decision of ot the i interstate commerce commission on the railroad height t r Increase plea now Is expected early in fa a October Under the expedited schedule of hearings announced yesterday the railroads will be Informed more quickly than first expected whether they will be permitted to raise pres pr present 10 ent rate schedules by 15 per cent SHIPPERS EXPLAIN STAND STANDA's As A's the shippers prepare to 10 present their opposition In hearings beginning begin begin- ning August 10 they are anxious that thai their stand shall not be Interpreted as ILS an effort t to block the way of the carriers toward better times An il illustration 11 of this was furnished in ina ina a hitherto unrevealed incident which occurred during the hearings on the railroads' railroads side of the case C. C Dick New York Investment investment Investment Invest- Invest ment banker was the witness J J. J F F. F Finerty representing shippers of ot copper copper copper cop- cop per lead lend tin Un and zinc was questioning question- question ing him Finerty was trying to get Dick to admit that the commission if convinced higher rates would not bring greater earnings to the roads should partially deny the general In Increase increase increase in- in crease sought and thereby benefit both carriers and shippers They wrangled for 30 minutes The witness gestured with a blue handkerchief handkerchief hand hand- kerchief he was using to wipe a perspiring perspiring perspiring per per- brow The men seemed ready to fly at each others other's throats At the beginning of the afternoon session Finerty reframed refrained the question question ques ques- tion and Dick answered promptly and smoothly If It I were were convinced Dick said that the regulating authority had tried with their full power to realize fully the situation and made whatever whatever whatever what- what ever qualifications were unavoidable una my confidence would be greatly restored re- re 1 stored and I would spread the news broadcast t to my clients FRIENDLY AT LUNCH f It now develops that after their exhibition of the morning the men went to luncheon together and dis discussed discussed dis- dis cussed the question in a a. friendly I frank manner Finerty persuaded I Dick that if he Insisted at a public I hearing that railroad credit would be impaired by a rejection ion of the increases in increases increases in- in creases on certain commodities he later might be in an embR embarrassing position w with th holders of ot railroad t se se- se At the same time Finerty gained recognition for the idea that the shippers were not trying to tear teardown teardown teardown down railroad credit but Instead were trying to convince the tho carriers they hey would lose lase a great amount of traffic raffle under the proposed higher rate structure The shippers' shippers argument will be heard icard in Washington San Francisco Kansas City Dallas Salt Lake City Atlanta Chicago Portland Ore and some New England city The hearIngs hearings hear- hear Ings probably will be concluded by the he second week in September Oral arguments will be heard later in t that at month and a n. few weeks later the decision de- de de- de Islon will be rendered |