Show 7 A ASK SK SU SUSPENSION i 5 OF or HEPBURN LA Ul LAW Coal Owning Railroads Sa Say They Would Lose Heavily in f Selling Holdings WAIT UNTIL ELECTIONS ELECTION Look for Rise in Stock Market Markel i r to Help Them TheIn Obey This t Y Commodity Clause f i I- I Washington April 4 The Tho The senate committee on Interstate commerce decided decided de de- IC- IC toda today to report favorably Monday Mon fon fonda day da me joint resolution Introduced by Senator Elkins suspending the commodity com com- clause claus of the Hepburn rate rato law Tho committee e will l however amen amend tho Iho rf by changing the tho date from Mn May 1 l. l 1908 to January 1 1 1910 1 e su suspends pend one of the most mORt Important sections of the law Jaw for tor only O 20 months instead of oC for Cor two years as provided for originally No o objections whatever were offered offer offer- 1 ed cl to 0 the tho resolution explained th thI he h believed the tho suspension sion slon n of oC this clause making maling it illegal for railroads to operate and soil sell the coal from mines which they owned outright or controlled through a majority ma ma- of its should be suspended sus sus- to allow th rest of or tho the time lime timeto to dispose of oL their holdings Would Sell at tit i Ix J. J s c The Idea of Senator and in feeL fact of a majority of oC the members of or orthe the Interstate commerce committee I Is that under present depressed conditions condi condi- of the stock market the he railroads could not dispose of their holdings In Jn coal mines without suffering suffering- enormous lo es eg They that if tile the they sus- sus SU susi ft f- f t i pend pond this clause for two years yea the stock market reco recover er Immediately after tho the Presidential election elect and the railroads will he be able to dispose of or their holdings without difficult difficulty Inthis In Inthis Inthis this connection Senator Elkins has the support or of Senators AldrIch Kean Krano Krone and ani Cullom all nU of whom are men of oC wealth rH They y will meet with considerable op op- op- op position however when wizen the lie resolution i gets ti into th the senate n ns as Senator La 11 and oth other r Republican senators sena senn- tors are aro opposed to It ft These take tho stand that the railroads have known tIti tf 1 T rt n tit t 1 11 1 r f if i 1 n ii 1 f e hv hav Qi ti V. V O Wl h Under Under- con conditions UOng hC they declare cons congi congress l baa ha aa no right TIGht to come to their rescue since it is i probable that thai absolutely absolutely ablo nothing will be he done clone by the coal carrying roads to comply with the law un r the new extension jon and conI coni con- con r ha having once established the i Kress u j t lr cid nt will bo be called upon to sus- sus I a clause claue next year WI lc the resolution probably will j i i thc s senate It l i is doubtful whether l i p pass s the hoU house e. e k r rE E r n 11 LiNES Jl RC AF I. I r Jarl mm and Gould Could Systems round t Unprepared c. c seriously affe af- af the tho lines most Among pon 1 ng fe r u 4 by the hc so called commo commodity il the Hepburn law are clause in r ii t cally all Jl th the great t Western estern trunk lines and especially c the Harriman Hill lUll t i Gould systems The Those e throe three roads reads control the coal output of practically j P tho tl thC c Wot t t are aro mines In Wyo- Wyo I T hefe possibly the thumb t that at are arc not under wizard E. E II 11 street OCt Q Wall all in Utah over over l and some not full till coni control con- con has S. S which George Georgc Gould in Int there be he a few i t there may just jm as that arc are not owned by hy bythe bycI t j Va l Va tho the Great t the he Northern N Pacific or I c-I A. dc- dc th h min mines s 's are fire not n But Bul sl their rall- rall to the stage that lt and they l w- w way owned ny I ed competitors arc are all ii complain either cither openly or ot el else e be be- be 1 might ml cause caute cau e the un open complaint Ca open cause which they railroads on hostility l o of the tha depend for transportation lIan In n secret they ar are almost as completely that hat railroads of the c under und r L the tle e domination were they cre owned by hr them ri as i h of of the worl workings 0 example local A l cal I- I i combination Coal rail road coal coal company the affair In Inthe the D. D J. J Sharp w was was' s' s given the Harriman Harri- Harri of or local officials c for which The Oregon w man Mr lr drove dron Line Lino Inthis in n this case i s he refu refused ed when business Sh out Sharp rp of pC Salt in 0 ton retail coal prices p mark f et ct by hy tho the IaK nt the exorbitant J s. s f c Conditions nd Improve C bill hili Some was pa passed ed A Since the Since tho Hepburn not pot been it Is t there h ro has by C congress In 1 L ds a cause for existed complaint hereS here here- r h regard r ard as had constantly f r But still reports S Q LX ze tn from districts district j 1 among i competition I Is Is' no m has been favoritism r that little 4 1 In n. n hundred and one company l railroads railroad's 1 pt pet 1 W wiy yi tp to the tha such I s to pr just termed that the tho n as It h clause s been Was Inserted In The fhe con bill atc th U e in the tho o even were er U It was Mated the tho Delft and l no Vc West t tast in tn the than ast arid an anthe the waro t 0 In nW western P had lines line Pennsylvania anla uon portion of oC a it urge law i arom aroused d the tho enmity termed what hat r th the f I populace hy by times when fl rank Jank favoritism l in Jv railroad was the r accommodation b by to prot ct the th most urgently needed fuel r mo s. s b by people pc from actual East the coil cont com in lu the tho railroads not Ot 1 naples r which n meant coal cool the u the HC consumer q jl dictated what buy huy e should he Should hu buy b but t when Ot nt what Price it Ii arid from r rn whom c 6 and arId of oC rank and nd tho the lon were made or of iM tilt In lit the tho v y t H bill passed ed the rail raU r th the bill bUl Was pas t roads have consistently fought its most moat stringent provisions provision They have asked an extension extension- of time lime in which the various various va va- va- va rious clauses should become effective and among those clauses was that pro- pro providing viding that the railroads should not deal deol Fn In commodities in the tho capacity of or producers or merchants In Utah since tho the law was pas passed ed I. I little or no Ito change e has been made In Inthe tho the ownership of ot the Utah Fuel com corn company discerned so far Car as could be pony pany naked eye eyo Similar conditions u with th the I prevail In Wyoming with rC regard Card to the Union Pacific min mines CI |