Show OIL NOW AW WATSON PARKER MEASURE rig FX ING WAGES UNDER DISPUTE IN OPERATION old goard board dissolved and set of mecal acors will be named by president coolidge signs the bill washington tha watson parker bill for or settlement of railway laboi disputes was signed friday by preal dent coolidge who said in a statement that although ho he would have preferred a more definite declaration tor for the possible protection ot of the public he believed there was involved an issue of first public importance that of at encouraging an industry to adjust relations between employer and employee without the intervention of the government with presidential approval ot at the net act the railroad labor board in existence tor for six years was waa abolished and a new system provided for by the establishment of conference con forence groups and I 1 adjustment boards within the industry and the creation of a board of mediation whose five members are to be ba appointed by the president it tile tho board by conciliation talla falls to affect a settlement ot of a dispute provision la Is made tor for arbitration or as a last step tor for tho the appointment of an emergency board by tho the president to investigate and report on the faath involved for the information ot of the public tho the members of tho the mediation board aro are expected to be named in time for or jhb onate enato to confirm them at the present session the new adjustment plan which was described by the president na as providing for or self government within tho the industry in labor ra matters titters had been urged by a majority of the members of the association of railway executives and by the twenty standard railway labor unions including the four brotherhoods brothe while opposition was expressed by a minority group ot of railroads in the association by tho the american farm bureau federation and other groups hailed by the railroads and unions favoring it as a treaty of peace it was criticised criticized by opponents as not sufficiently protecting the public interest inhere 11 t tile the president referred to this point in his statement |