Show PLAN IND H By 8 MILLIONS i. i iI i. i I Principles of Warfield Method Memorial l Approved in Me j to Congress Congressi i t By y Associated Press WASHINGTON 1 Aug 29 Principles 29 Principles or the Warfield Var plan under which a minimum interest return return of 6 per cent centon on securities would be guar- guar through a mandatory adjustment adjustment adjust adjust- m ment of rates by the interstate com com- como 1 o merce meTee commission were indorsed by fifty million persons owning o or direct direct- d directly i I ly interested in railroad securities in ina ina ina a a memorial to congress submitted to 1 th thel house interstate commerce committee committee committee com com- I today by S. S Davies Warfield I pr president of the National Association I of Owners of Railroad Securities Signers of the memorial numbered I investing institutions including sayings banks national and state I banks surety companies tru trust t companies compa- compa j nies and life and fire insurance com corn pai paries ies and individual investors The s shipping public also was represented represented represented In the indorsement by sixteen I m municipal trade org organizations with an anes estimated es total membership of 00 ln In Insurance urance companies compani s giving their indo In- In do were said to represent 23 policyholders while it was estimated estimated esti esti- m mated ted that persons were rep- rep re repented by savings banks ASKS SOLUTION In presenting the memorial Mr Warfield Warfield Warfield War- War field said its signers did not ask the continuation of autocratic railroad methods of the past but a just and definite solution by the congress ss of th the most important problems now be- be foe fofe the country favorable consideration by I congress of the remedial legislation l proposed pr Posed in the Warfield plan the i memorial declared It is our conviction that the railroads railroads rail rail- ro roads ds cannot avoid destruction and eve eventual governmental absorption without out a primary distributable return of oft not less than 6 per cent assured u unon uI on on the tho aggregate investment not through a governmental guarantee bt t through the exercise by congress congress of its duty to stop by act the knife of regulation short of the heart of the tr transportation system of the United St States tes |