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Show REGULATE ALL TRANSPORTATION In a recent address concerning the need for adequate and equitable equit-able regulation of all forms of transportation, Carl R. Gray, President Pres-ident of the Union Pacific System, said: "The position of the railroads rail-roads is not in itself alarming. So far as the depression period is1 concerned, the rail carriers face the same conditions as other enterprises en-terprises - - a greatly lessened business. In the necessity that they maintain a certain fixed service, they do have a definite disability not experienced by business bus-iness which is not vested with a public interest. On the other hand they possess unique elements of advantage in that there has been proven to be a stage below which traffic cannot be depressed. The nation must be fed, clothed, and kept warm, and in the supply of these vital needs the railroads provide pro-vide the essential service. The problems of the rail carriers which are distinctly associated with the depression are not in any important import-ant respect peculiar to them alone. As they have shared with business busi-ness the results of the depression, they cannot be denied a participation participa-tion in the benefits which will result re-sult from an increasing tide of business." We are witnessing great experiments, experi-ments, whereby unfair, cutthroat competition, which is the enemy of stability, is hoped to be eliminated. elimin-ated. Certainly so vital an industry indus-try as the railroad deserves early consideration and the enactment of policies to protect it from ruin. The Federa 1 government has made a start, with the emergency railroad legislation. Much must be done in the near future - - and reports from Washington that further fur-ther transport proposals are to come before Congress when it convenes con-venes again, are heartening. At the moment we have no regulation of transportation - - we have only regulation of one phase of it, the railroads. That is an untenable condition, and must be corrected. |