Show lIONS PROPOSE W PLAN OF U U. S S. CONTROL I By Associated Press II Feb Teb 7 Railroad 7 today proposed gov- gov J o hip and private l I b by one large corporation t I I cooperatively organized organised and sharing profits with as their solution solution tion of the railway problem 1 Testifying before the senate enate Interstate interstate interstate inter Inter- state commerce committee on behalf I of the four leading g trainmen's brother brother- I 1 h hGo is s id other organizations organizations organizations Glenn E B Plumb of Chicago recommended that the government acquire all railroad property at a aprice aprice aprice price fairly representing the physical valuation and the operation to a a corporation to be directed jointly by officers and the government government govern govern- ment and rates Would automatically be r reduced when profits amounted to I more moie than a fixed rate I BENEFITS OF PLAN This plan clap it was argued would provide cheaper financing give stability stability stability sta sta- of or income to security owners promote efficiency of operation re remove remove re- re move mOle railroad operation from partisan politics compose composo conflicts between I federal and state authorities keep rates lates at a a minimum eliminate complications complications com com- in rate schedules and provide provide provide pro pro- vide a a. means tt ff making communities benefiting by extensions pay for them The corporation corporation Hion would be subject to regulation by the interstate commerce commerce com como merce commission which would retain its present regulating powers OPPOSE SECRETARY The brotherhoods objected to to the executives' executives proposal for es establishing establishing establishing es- es a secretary of transportation tion saying this tIlis would constitute regulating the people in the interests of capita capital Mr Plumb suggested organization of an operating corporation where I l operating ability constituted its Us sole fole I capital capita |