Show RAilROAD is s Administration Measure Inflicting Burden on Merged Lines Gets Get New Attention tion I I Washington March 12 The admin administration I raIlroad hill hili was amended I Ithe in the house committee on LaLe commerce today loday toda so no ns as 1 to 0 make male corn com commercial mercial or market t va of rail ra II load road properties by the he I Interstate com coni commerce commerce merce fierce commission a condition precedent ent enL to lo the tho merging consolidation or of roads subject to the Interstate commerce law la laThis This change one of the most drab dras t Continued Con on Page Two RAILROAD RA BILL IS AMENDED Continued from Pago Page One tic Uc yet ct made opens the tho doors only to valuation of pro whose mer merger merger merger ger is contemplated Tho committee hUG bus not net by hy this action endorsed the tho various schemes for cm physical 1 valna valuation lion tion of nil all railroad properties In ac nc accordance accordance with many bills bill bihl Introduced In both houses pousos of congress The Tho amendment Imposes a handi handl handicap handicap cap on such consolidations as tho t o liar Har riman merger of the thc Union and South Southern Southern ern era Pacific lines Hoes The bill in section 14 H authorizes g a anew anew new now combination In cases of consolidation co or merging of two or more railroads to Issue stock Block or bonds up to the par of the welded elded corporations It was WaR contended today to II n that flint to permit the managers of mergers to issue stocks or 01 bonds up tip to the j jr r value alue of securities securities url ties of tho the two twp roads would work worl an Injustice and would result In taxing the till public to pay pa dividends on water watered ed stock The commission amended material materially ly y tho the section prescribing conditions under tinder which a railroad corporation may mn acquire the stocks s or bonds of or another and railroad by liy b the Issue of or its own wn stocks and bonds |