Show I i I. I THE SALT LAKE MANY FOR LOANS MADE AOE Railroads Rush Their Applications Applications f for r Gov Government Government Govern Govern- rn- rn ment Fina Finances c s s i W WASHINGTON March 1 1 Two I.-Two Two Important Important important Im im- changes In government policy toward the nations nation's railroads became effective today The section of ot the transportation act fixing 6 per cent as aa the return on railroad properties which railroads are entitled to earn under interstate com corn commerce commerce merce commission regulations expired today Al A Alpo o with today there expires ex ox- pires the period d during ring which railroads railroads rail ran roads which were controlled by the government during the war are entitled tIed to ask government loans to aid them In continuing operations after atter return return re re- I turn to private management The 6 per cent ent clause generally I called the guarantee provision Is su superseded superseded su su- today by the transportation I act provisions which hereafter require re require re re- quire the Interstate commerce com corn commission I mission to make rates that will give railroads a n reasonable return on the value of ot property properly used In tion The c commission is la expected therefore to define for Itself what earnings constitute a reasonable re- re re turn This has already been taken up formally by the commission forthe for forthe the purpose of ot securing arguments I from railroads arid and interested parties I to to proceedings before It ln relation to rate regulation I Applications from railroads desiring the government loans have been pouring pourIng pour pour- Ing In to the commission In considerable considerable consid consid- erable numbers numbers' during the last few days In the endeavor to get In before be- be before before be be- fore the the- limitation beg began n. n |