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Show SCEuf FC3 Tffi-rtKY NEW YOBK, March 28.-: Jacob E. ScMff, head of the banking firm of Kuhn, Loeb & Co., -who returned to Wall street yesterday after a short vacation in the Bdutn, said In an Interview which appears In the Timet this morning that the fear that something exceptionally distressing will happen to the railroads in the way of legislation is more ac-countable ac-countable for the present state of affairs af-fairs in the stock market than the money market Is. ScMJC continued: "The real problem, .therefore, seems to me to be In this railroad situation. ' I have thought it over carefully, trying to keep in mind the point of view both of the railroads and of the Oovernment, and it appears to me that a possible solution is to be found in the adoption of a plan, the main features of 'which should be these: 'First, the appointment by the railroads rail-roads themselves of a certain number of representative railroad men conversant with that side of the matter, who should go into convention or conference with the members of the . Interstate 'Commerce commission, that body, of course, representing the Government. "At this conference there could be a fair and frank discussion of all the proposals pro-posals for railroad legislation of every kind, and it . ought to be possible for such a body of men to agree upon a plan for legislation fair to all parties which coula receive the sanction of the President, of the people generally, and of stockholders in railroads. This could be made the basis of legislation by Con gress and it would be of so thorough a nature as to make it unnecessary for individual in-dividual States to do more than follow the lines laid down here." |