Show RAil CRISI t 0 O LAT A 1 HAD HANO i Events in Near Futuro Future o to Decide W Whether t r U. U fe S Will Resu r pon- pon 0 1 frol h r Official Admits d s nits I i- i WASHINGTON WASHINGTON May 24 24 The Tho additional reven revenue e which the railroads are seeking through In- In creased cre sed freight rates d des es not take into acc account any increase s labor board t the railway Howard EIliott Elliott El- El liott of the Ass Association of Railway Executives stated state f today before the in interstate interstate interstate in- in commerce committee I W 1 May Ma 24 24 i VV vy Events of the tho next few months or weeks will determine wHether government ownership of railroads will dome come ome again again de despite pite popular opposition Frederick k St of New N York today warned th V interstate commerce commission contending that the main thing at pr present ent Is la to establish a feeling o of security in the minds of or- investors Mr Strauss Strauss appeared before t the e com com- mi sion in support of the the ther r railroads railroads' request increased for o freight rat rates eSt SP SPEED ED MAIN ESSENTIAL How tow nominal rates merely are of or orno no no use lse to tho the shipper Mr Strauss asser asserted ed If it the traffic is not moved ln in ink I sufficient quantity What the sh shipper needs he argued i is the speedy movement of his goods and there are only two ways waya in which i it itcan itcan can carl be accomplished One is by an increased charge forth for forthe the th shipment of the goods he said and the other is by an appropriation out of the national treasury treasury- by a a levy on taxpayers to cover the the deficit v 6 PER IER ER CENT INADEQUATE ATE Railroads at present can can offer no in in- i. i to the investor combining safe bonds with speculative value Mr Strauss said Tho The recent remedial legislation is good so far as it goes he ed The return of 6 per cent per annum will I believe turn out dut ut to b be wholly Inadequate as time may demonstrate dem dem- but a beginning has been made male on sO soUnd nd lines lines' anday tim time goeson goeson goes goes- on congress will twill wi 1 realize that rate the the rate rate will have of return on railroad property to with the returns to be had in other industries or else government ownership will will- inevitably result |