OCR Text |
Show I. C. C. Decides Rail Valuation Washington Railroad valuations de termined by the interstate commerce commission will be based largely upon price levels for materials and supplies which prevailed in 1914 rather than upon the higher price basis of later years, a majority of the commission1 decided in disposing of a test case presented in behalf of all the railroads of the country. Under the decision, to which four commission members dissented dis-sented completely, total railroad valuation val-uation figures will be much less than the total for which railroads contend, with consequent effect upon the general gen-eral level of freight rates and allied problems to the railroad field. |