Deseret Evening News | 1910-02-18 | Page 10 | Bill Reintroduced

BILL nUl nEI Measure url Gives Gins Interstate lon Great Toner 10 cr cra Washington a Feb adminis administration administration r railroad bill amending the In Interstate Interstate net act originally In Introduced introduced In the house b by tIe Townsend ot of Michigan was rein reintroduced traduced b by hint him toda today with a num number ber of Important amendments drawn by Wickersham The These change chango the tho bill In the tho matter of th the creation of oC the court of aC commerce In Inthe inthe the regulation of stocks and bonds and In the Inclusion ot of electric tall roads rond The relating to the tho C conn melce court limits lbs t power to that of It ofa Ita a federal circuit court The annond was drafted to meet the objection made to the original provision that this thu court would have hao morn more extensive Juris Jurisdiction jurisdiction diction than the existing circuit courts of aC the tho United States State The stock and bond bend provision la 13 amen amended ed so ns as to permit the reorganIzation of OC railroads and Uld th the merger of r railroads not directly prohibited d The act would establish the ge general n oral principle that no stock shall be Issued by railroads except at par and no bonds except at their reasonable mar market ket or calling value alue ascertained by the ho Interstate commerce commission Where here either stock or bonds s are paid for In property Its fall fair value alue be ascertained b by the tho commission