Show MIER BELIEF aqil BE U HUGHES TO PRESENT PLAN IN BEHALF OF MILWAUKEE ROAD IN NEW RAILROAD PLAN september first Is date selected when hearing of roads will take place benefits will be to advantage of the weak companies new york an unprecedented plan tor for railroad increases involving pool ing among weak railroads will be urged by charles B E Il before the interstate commerce commission in beh behalf alf of tho the receivers of the chicago milwaukee st paul railway Ilea hearings rings will begin at chicago sep 1 under the rec receivers elvers increases In creasea in western territory would bo be pooled and divided among weaker rouda roads in proportion to tile the extent such euch roads full fall short of earnings 5 34 3 4 per cent on property invent investment ment A prosperous road would not receive full nil benefit of an increase in rates but a weak road would obtain much additional revenue some railroad men regard the plan as opposed to the principle of private operation and some go further in denunciation nuncia tion and use the words soviet theory mark W potter former interstate commerce commissioner one of the st paulo paulb re elvers and originator of the plan has met these objections by statements that the principles which govern the operation of industrial corporations corpora tlona no longer told hold true on the railroads oa as their earnings aro are restricted by the recapture clause of the transportation act this clause provides that it if any railroad earns more than 6 per cent halt half of tile tho excess revenue shall bo be turned back to the government to form a fund on which the interstate commerce commission may draw to loan roads in financial distress tile the retaining of mr air Ilu II glies announced recently was somewhat of a surprise as tile investment house of roosevelt co which Is opposed to the reorganization plan of chicago milwaukee st paul railway recent ly ay made overture tj ti him with a view to retaining him in investigation ot of tho the fail failure ure of tho the road last march A conference between the receivers of the st paul and executives of other northwestern carriers carriera will be hold held here shortly in an effort to win support to tho rato rate increase plan hale II 11 olden president preel dent ot of the burlington to ta already hero here tor for the conference ile he remarked that the potter plan conflicted with the transportation act and that the remedy for decreased passenger earnings wan supervision per Perv vision islon of interstate bus bua brattle with ersual rates for steam and motor carriers western carriers carr lors as aa a class aro ar now preparing a petition to tile the com ineice commission tor for a ut In increase creaso of 5 per cent on freight rates |