Show NEW POLICY NEEDED IN government GOVERN MENS RAILWAY CONTROL urged by alfred P thorn thom CREDIT MUST BE IMPROVED increase 1 of transportation facilities necessary to secure relief 9 fron high cost ce of living may thu thus B provided for by the th railroads Rail rod washington vor ov 29 2 new policy of rall rui based ou on constructive principles or of helpfulness and encouragement in instead abad of upon of cepres repression don and punishment IMIS inns urged b alfred ir 1 counsel for the allay Ifill it way b lives fives advisory committee the first witness 3 on behalf of the tile be 1 fore the Nen lands joint committee on oil interstate commerce arich mch has insel buted a general generi inquiry into the problem problems of railroad rea regulation clatton ul atton it la Is proposed by the joint tion ot of said sir mr thom to go into a comprehensive study of ali whole subject of transportation to make male a anew new assessment after 29 J years of experiment of its history its pres ent conditions and its future needs the railroads accept the lew that ref rex illation Is a permanent ami and enduring part of government in america and that the tint first duty of the carriers Is to the vie public that duty la Is to afford reasonable facilities on reasonable terms and nt at reao reasonable rates and this roust must be done before any private inter esti ests can be considered CT certainty fInt taint efty and nd sufficiency sir mr thorn thom contended that the real in tan st of the public Is in being assured of certainty certainly safety and sufficiency clency of 0 transportation facilities rather than in rates rate the first consideration con of the public Is to obtain transportation facial ties VI hat the ost Is la Is in ili reality a se cond consideration he sal sali mr chom proposed nn an increase of transportation facilities as a method of securing curing te relief from the high cost of cf ahing eliere llie re have bt ban n ci as than I 1 miles of new railroad construct ed in the tile united during the past pat year he said les less than in any year since ince 1848 1919 except the ibe period of the a civil war and suit yet hc lie cot of living I 1 Is balij dall adai advancing anding ou owing ing to a ot hortage of supplies witch wl lh might be remedied by securing access to pew areas of production du tion credit mut must be improved this lends leads to the consideration as its to whether railroad credit la Is ap good mi m i as a the public interest it Is lin tin possible ible for to 1 enough ro to supply the sary new from current revenue they must be provided from credit investors cannot be coerced but must be attracted i among the conditions railroad credit which deter investors he mentioned the following first railroad revenues are not controlled by investors but are flied and anil limited by governmental authority i and not by one but by veral govern 1 mental which do not niza nit responsibility arr assured results to investors an I 1 are uncoordinated I 1 second le cond railroads cannot control and awl the government cannot and doc does not limit the expanse account third the it e detent eystein of rega lation la Is on a policy miley of regul regulation atio and correction correct lou and not on a it policy of 33 and encouragement fourth the outstanding obligations 0 of the railroads have already exceeded the financial rule of eastty and a disproportionate of obela lions bearing bell 1119 used flied charges charge fifth the InTeR investor tor must accept a 11 subordinate obligation or security I 1 ith no assurance of a surplus of earnings to support tl other competitive lines of in vestment present superior perlor or attraction seventh thi tho railroad 11 largely controlled by j instead of business consideration look forward not back W may del delate ate about has ha canted the present conditions eald said mr sir thorn thom but 1 e cannot del delate ate about what the people need tile president hae has talen the lew that we must mut look forward la in this tal matter and mak make e a anh assessment of 1 order to deal a helpfully and I 1 ly with the problem abuse are no more prevalent in the railroad tul nee ness today than uin ID fit any other business humanely conduced condi condu med ted the great HUM lion now Is alether the exi eting km of regulation give the public re liable as assur anc 01 0 sulli clent ci q future rail present f o 0 chose those who oppose any change chance oust make their appeal on the he ground the present that ha AX aure lie tile of the ho bublic u continued ade ad pincy fluary or of port atlon facilities if it bey 1 d l n antt to argument bcd arabi 0 the desirability the present dual ual myslem or of will bo be by public of js judge jud gm 1 the it question of state tat runt right i s not 0 involved if ihben the of fa faul tin privately orbed tu t u Kvera ment should low and then all ill polier of mut I 1 iti fol 1 l the the I 1 ates oter railroad would di ula aft this appear not upon a jy ly mere m theory orTe aln then its to the distribution or bealo 0 power but upon the h of large ase m antal 1 0 8 e of what the public later t respect ot of the a branes requires ln in ot of t 17 01 service t |