Show NEW RAIL PLANS ON SOUND BASIS con congress oress determined to make certain future growth of transportation facilities PLANS PUNS principles return of roads to owners with assurance Assur anoe of adequate revenues one of the big bems before the lie new congress Congre qs la Is gel get tins the tile railroads bak nu on a leace face bid basis these talles of steel ibi highways 9 lissys were ere taken by the go an as an indispensable arin of the tile national defense but now that heir their war serille sen ice la Is oer there Is it countr ciui tr wide demand that lie the GOT gov eminent restore thein to their owners to be operate operated on normal american amerlean business oitay ads of efficiency hut but ae as has bas been pointed 0 it by president lleon as nell tell as by vian ninny y men in public life who hae hase riven given this subject years of careful it Is not eno enough tigh imply simply to say may to tie the ralli railroad companies take rake these rail rall anti gle the lie country the list service that money and brains can provide old laws lows obstruct growth the president reent reentry ly said that it would lw a serious mistake to return to the old conditions of railroad regulation without reforming the anti equated laws that were obstructing the free development of transportation facilities cili ties the director general of hall roada roads has recently made an inspection trip from coast to coast and he tins lins been telling the people that the time has now come to put the railroads on a sound foundation the plans for a better system of national control ot 0 railroads aie aa a varied as were the plans for banking arid currency reform when congress 4 received a mandate from the people to provide insurance against financial panics the public now demands insurance against a breakdown of full rall 2 road transportation and anti the new congress to undertaking this norl secondary only to insurance against in III ter national warfare congress soled the banking problem acen eara ears ago aa a boit partisan iosue in which all the people had a common interest and congress evidently Is tackling the railroad problem with the same spirit valle the many plans that lime hae been proposed differ in the methods to be adopted in reaching the desir desired cil goal it has been pointed out by benator cummins of ion loia a that all these plans have really very liuch in corn com mon moo eo so much eo so that he be Is confident that congress Con grea will have difficulty in framing a bill that will meet witti popular approval and that will take the railroad question out of politics for many years to come many plans with one aim alm the iowa senator has a command lag ing position la lit this congress because he lie Is III the ranking member of the interstate Inte Com commerce committee of the united states senate and it Is in this committee that the new railroad bill take floal form in an address adil ress before a 1 national meeting of business men at st SL louis senator cummins stated plated that luce since the tile close of the war nar fully thirty complete plans for new railroad legislation had been submitted to him by business inen wen economists bau banker keri rall rond rund and oi owners ners government official railroad corkers and just plain citizens the basic principles upon which all of ot these plans with one exception agree wee are as follows follos 1 private operation Is more effi chent and more economical than government operation and the pubic interest will therefore lie served by a return of the rad roads to private management 2 to make certain that capital will be attracted te to the expansion of f rallied ra llred there ought to be amater fy y that a fair return will as e earned on am the investment 3 the merging of weak and strong roade roads into large competing eysteinn ey should be encouraged she making of a formula to provide a it fair return on railroad capita capital ms likely to be the phase 0 the it roblen inot thoroughly debated in congress the director general his been urging that the government to guarantee a certain return and share in any excels earning leading banker espe Hally some of the international bankers in all wt tree ho havo hav in the tile past marketed market pt jasny hundreds of million millions of railroad securities also look avorn lily oo 00 the of or a te tee which kl make it eit der 1 to fiell poll new and 1 F lie the market tor or the old bonds and stocks government guarantee opposed but the proposal the tile govern ment shall lei he the interest and dividends on private capital invested la in railroads will 1 undoubtedly roeer meet alth very vigorous opposition in many carters kven even rall ruail rowl executives who bu might be supposed to take lundly to the idea of a government guarantee Kuanui lee against failure have frankly stated that aboy do dot not want it because they believe it Is un american in pl would tend to lessen efti clency aad nd it involve the th roads in a govern aeck part partnership that would a kaz itta to Gov government emment ownership |