Show u. u s. s OWNERSHIP OF f RAILROADS RAll PROPOSED Bill Introduced by Rep Sims Purchase hase Through 4 Per PerCent PerCent Cent Bonds WASHINGTON Aug 2 Govern Govern Government ment ownership o of railroads is proposed proposed pro pro- posed In in a bill introduced today by Representative Sims Dem Deni Tennessee Ten Ten- 1 The measure embodies the plan which has been Indorsed by the he I four tour brotherhoods and the American Federation on of ot Labor and w which was presented to congressional committees commit commit- Ii tees recently by Glenn E. E Plumb lD ID Ij a statement a-statement tat ment accompanying the measure Sims said its I enactment establish harmony between the public Interest the wage earners and capital and would be bea I a long step toward solving the high cost of ot living problem by lowering transportation charges Under the pill bill operating co control of or orI I the railroads would be vested in a a. directorate e of or fifteen give five appointed by the president p five fIyo by operating officials and five by Holders Molders of ot 4 per cent bonds which the government t would issue for the purchase of ot the lines and the emI em em- I would share equally in the earnings of ot the roads |