Show MUST RAISE RATES TO MEET EXPENSE LOVETT SAYS ROADS CANNOT BE OPERATED UNDER EXISTING RATES president of U P also declares that present method ot of adjusting wages Is unjust and would put dan ban on strikes washington operation ot railroads ralli oada cannot be restored nt it existing rates flobert S lovett president of the union railroad told the house interstate commerce com during a discussion on frilay friday in which lie contended tle tile railroad problem Is solely a question of 0 railroad credit howard billott Ll HI llott president of tho the northern Noi thein another witness urged early adoption of ft a national transportation policy declaring delay only tended to make all classes uncertain and unsettled in ili adoption of the transportation policy lie thought congress should observe four ples i as follows government 0 eminent regulatory to encourage enco tile tha present transportation system so that rates will pay till all costs including new capital needed for foi ex of facilities abandonment of method of adjusting wage ft ago gilld working oi king disputes with substitution or of a sane method of deriding deciding those questions including abolishment ot of strikes modification of the sherin law to permit penult consolidations and making of federal authority supreme supie ine in regulating tates rates securities and accounts railroads should leaie havo HK right light to initiate rates mr air HI billott llott argued adding that the interstate pont corn ineice should liau have tile right light of suspension und review rele |