Show f fI I r I I I I I I APPEALS II IN BEHAlf r I RAILA RAILROADS ADS II I I i American People Called U Upon pan to Repeal Laws Laws- Which Hamper Expansion Expansion Expansion Ex Ex- I I NEW EW YORK YORE Jan 14 l H.-A A call on the American people to repeal all laws that repress initiative by the themen themen themen men In charge of or the railroads re restrict restrict restrict re- re strict enterprise and dampen their enthusiasm was made tonight by Charles M. M 1 Schwab chairman of the board of the Bethlehem Steel corporation corporation corporation cor cor- in an address I l He asked that this be done as a a measure to contribute to revival re of ot otI prosperity saying that at every t turn rn the railroad managers were hemmed in b by rules regulations and restrictions restrictions restrictions which deprive them of oC power to exercise their discretion prevent t exercise of the sound business judgment judgment judgment judg judg- I ment had grown out of oC their i with long experience and Interfere their doing acts which if done i would contribute Immeasurably immeasurably- to the restoration of prosperity 1 You never ne make matte progress prOs by hamI hamstringing hamstringing ham ham- stringing ability and Initiative and Ino no industry ever gave good service long If it was not prosperous Itself Saying Saing he had been informed five fhe I billion dollars be re required to put the transportation tr companies abreast of the nations nation's commercial requirements he termed an art impossible impossible impossible sible situation the fact tact that more morel I I II miles mlles of track had been abandoned In inthe I the last two years than were b built In i that time and probably more cars cars cars' I retired than installed I 1 We Ve cannot have prosperity our country's commerce cannot go forward for Jor- I ward confidently unless uness our railroads arE are once again made prosperous are I put In a position to carry the transportation transportation transportation trans- trans J and are able to attract the I capital ceded for them to perform their service as common carriers he I continued Because of 01 restrictive laws he said railroad rates no longer were responsive responsive responsive i sive to the he changing commercial commercial needs the managers had been shorn of the power to exercise enterprise and private capital was unwilling to toI embark In railroad development except except except ex- ex I under rigid guarantees i We Ve should stop knocking our railI rallI railroads rail rail- railI I I roads their presidents and railroad I men in general genera he said I I I |