Show FEDERAL CONTROL CONTRO I OF ALL RAILROADS ii i mi i mi ins P Paul ul Morton Gives His Views on Present Situation in America I SIMPLY Y FOR SUPERVISION I Rai Rail Transportation Should Be Interstate Commerce Com Com- V merce New ew York rk March 22 That That all I rail al transportation should b be declared by bylaw Ja lau law to h be he interstate commerce and ant put pit under federal supe supervision I Is the dr- dr ling I emed for pr present en and ane future railway P I evils which was put forward to-day to by Paul Morton orton president of the Equitable Life LiCe Assurance society and anti a former Cormel chieftain In an ane e exclusive clu I interview lew for COl tho the Ic hem lican n. n This l Is what Mr Ir Morton said I con consider that government gO owner ownership own own- er hip would be bp the mo most t unfortunate thing that could happen to the pende people pro pen de of or th the United States I dont don't b beleve an any I form of t le o gayer gay gov- 0 er nent could survive tho the rat great re responsibility re- re spon an and peris perils of or government owne ownership r Regardless of Wall Vahl 01 street treet or changes chang In quotations In inseCurities seCurities this country I Is k bound lo to continue con con- to grow grott row an and will wJ probably dou- dou In p population within tho the n next thir thir- t ty years which makes rokes it absolutely necessary that hat eJa first class 8 transportation Ion tion ton facilities should be provided in order to keep Jep pace with wih the natural al I growth of the country These tram tranS facilities can bo be furnished b by the construction of new railroads or 01 h by the e Improvement and enlargement enlarge enlarge- ment of tho those already In existence tence In either ease case cc great amounts of or capital l will s-hil b be circulated lJ J a and d o. o as cap cap- ital 11 th there re must must- be the same opportunity for foi et a fair return when Invested Invest Invest- ed ed od In Iii railroads a as when Invested In tn any 1 other commercial undertaking Unfairness Will m No o 1 t. For Tor this reason U there Ur r not be nn any kind of or Clou or unfair leg leg- Jel- Jel toward oward railroads and anI 1 I don donot do donot n not t b believe le e that there lhor s Is IR an any wide wIde- wlee- wlee widespread spread spi-cul t Jollon on the part ot of th the kit tf f the United St States State to unjust unjust- SL l t tint UH ts hErc r b a 0 I but 1 I am m sure Mure it will wl not l last st Personally Pl I 1 have ha c for fOt a Q long Jong tUne time hought thought that lint all al transportation b by rail rai should be declared OM nit ni Interstate commerce and placed under the c con control n- n trl of or f federal supervision It I may maS be necessary ar to 10 have a n constitutional amendment to lo bring this ah about ut al- al thought It ft is not Impossible that thai th the decisions of ot the tile higher court ma ma may not ot also oJo hiVing bring It I about In lit m my opinion over o SO 30 per cent of or tho the business busine 1 of the United States Is lt I. I interstate corn corn- more and the other 20 O per cent could be beery er very ery readily denominated as 01 interstate commerce for the purpose purpose purpose pur pur- pose of seetHing securing fair and c consistent nt re regulation which I cont contend can only be properly exercised by one supreme authority and anti whIch In m my opinion should be bp the con congress rss of or the United Stat States Po Position ion of 01 tlC the PI President So far as the attitude of the President President dent is concerned I do not bEI bellevo e e that he I Is unfriendly to either elhel Ithol labor or capital I 1 think his aln aint anti and ambition am ant- Is to be he ht ju Just t to both hoth I believe beleve he ho thinks that both should hoult observe he the he laws law of the country and anti that h he will wil be Just as resolute In pr preventing I the oppression of capital as aM he would i be quick to prevent pre nt the oppression of la labor LJ 0 I S I con consider him to be a n conserva tire live force and some m ca day ho lie will wi be beso beso so regarded reg b by the theer er very men wh whO now bel belles believe him to tn be an ap enemy to capital H He I Is a man of rus Unusual al courage and anti stands by hy his convictions regardless of ot the wealth or of oC oCho ho those e who oppose himI himI him I am of or the opinion that the principal principal principal prin prin- cipal railroad men of oC the thE United States made a mistake two years yeans ago In not seeing the thrift drift of o things and andIn andIn andin In not getting In ir direct touch with the lie Pre President and ant a assisting him hint In shaping shap shap- ing InS railroad legislation Instead of try try- ry- ry In hug Ing to pi Ent event nn any legislation of ot any kind Personally I 1 am arid and have been 0 for 01 year ear first an advocate of legalized legal legal- pooling under the sup supervision n of time the Interstate Commerce Commission Unification of O Ownership hll Second in the thE absence of or legalized legal legal- pooling I 1 predicted there thre would be LJ concentration of ownership or or as asit asit it I has lies since been called ol tJ unification of or ownership ownership-a a control of ot large larg-e systems of ot embracing competitive and connecting lines l by In Individuals or syndicates which when found by the people of o the United States SinteR to bo be actuating ac tic- and dominating the carriers of the tho country countr would provoke pro more morl or orless orless less Ip-I irritation and cause till all kinds of or ordra dra drastic lc unfair taxation and anti resentful treatment trEatment on the p part ll of the lie people Third Government ownership which I consider 1 by far the most undesirable undesirable undesirable un un- un- un desirable of o the three things I am such h a good American citizen cn that I II object to gO government ownership Q of I railroads because it would be the beginning be be- ginning Inning of tho lie end for to our pur g govern gOvern- flu ment e n t V My Iy fear has been that In the tha absence ab ab- ab- ab senco sence of or permission on the lie part of ot congress to the railroads to make cn- cn forcible traffic contracts between themselves unification of owner ownership hp would surely urel follow and nd this ha has taken anti and in my fear now is that jov gov- ov- ov nl ownership of or tho the railroads of or orthe the hue United States Stales mo may follow and possibly pos poe sibly bo be 10 promoted b by the men who now control th the railroads of or the coun coun- tr try I |