Show ATE T f f FO F F. All Aft S. Bill Drafted Calls for ifor Government Control to End Thirty Days ays After Law Is Signed V i T lo Oct t 18 18 1 J V ft Z r r. r d d p 0 proy l' l ro w ision ti designed o s inn e to end Ikes T J I by Y pen penalizing irm to who twin go goon o oon on n strike or others who foment I strikes the senate interstate te commerCe commerce commerce com com- merce committee today completed the i draft of a a. bill to establish a permanent permanent perma- perma nent railroad Government policy control control con con- and operations o of the roads would end thirty days after en enactment of the measure The railroads would be divided Into competitive regional systems with the interstate comm commerce commission empowered empowered empowered em em- powered to fix rates insuring a a. return of 5 ii y 1 per cent upon actual value actual value plus one-half one of 1 per cent for improve Improve- ments PLANS FOR DEBTS The plan for tor adjusting the financial obligations of the government and carriers carriers carriers car car- growing out of ot government control con provides that a net balance of about owing by the carriers carriers carriers car car- shall be carried by the government government government govern govern- ment at 6 per cent Interest for at least ten years with new notes of the railroads railroads railroads rail rail- roads as security The earnings made by the government above the guarantee guarantee guarantee guaran guaran- tee to the roads will be paid to the roads to offset their indebtedness to the government Provision was made for the establishment establishment establishment of a federal commission on wages and working conditions This commission would have a number of subordinates regional committees for tor prompt settlement of or local disputes On the vote on the final adoption of the antistrike provisions Senator Lafollette Lafollette Lafollette La- La follette Rep Wisconsin alone dissen dis dis- dis- dis sen ted ANTISTRIKE CLAUSES The committees committee's antistrike clauses which now are expected to remain Inthe in inthe inthe the bill as reported out next nett week follow follow follow fol fol- fol- fol low those in the tho original Cummins bill except that the penalties against Interference Interference interference Inter Inter- ference with Interstate commerce would apply to those who foment railroad railroad railroad rail rail- road strikes such as outside labor leaders as well as to th em em- The federal committee on wages and working conditions would be composed of eight salaried members four nominated nominated nominated nomi nomi- by the railroad and four b by the companies Decisions of ot the regional committee would be subject to appeal as to the general committee The regional committee committee committee com com- would be bo composed of six members members members mem mem- bers evenly divided between and employers Another provision of the bill opposes repeal of ot the Adamson hour eight-hour railroad railroad railroad rail rail- road law |