Show stabilizing credit it is the consensus onsen sas as opinion that with ith relinquishment of federal trl 1 of nf r il dai Is ii more e annal 11 1 mn of raila r it irad d I 1 I 1 1 in ot t c cm ri r i accounts ecott und d indebtedness due to the govern merit for expenditures for better knib nn and improvements it a is sst llod that credit be arranged arra nned whereby her ebythe the roads concerned may effect liquidation without financial hardship this may v well be effected aby by of offsetting fetting current a accounts t a and ad on proper security s cur ity extending credit edit for the uncovered balance expenditures for betterments and improvements or for equipment when requested by the road concerned should on proper security be funded at a reasonable rate of interest for an appropriate period say 10 or 15 years this will properly take care of immediate credit so far as the gov r nt is ia concerned but how about the broader aspects of railroad credit for the future and in general something more must be done to put railroad credit and finances on a sound basis the past is usually a good guide and t to t this his end we may profit b investigation and avoidance of the can causes which before the war impaired railroad credit practically stop ped construction and improvement and brought the whole it transports tran an sp arta tion system face to face with the dia listen aster undoubtedly one of the chief causes for this is ia our incongruous plan of regulation log ing five sixths sixtus of all traffic transported by rail is inter inner state late commerce Commer cd commission ve a have 48 state commissions corn missions all ex excising regulatory authority all naturally selah on local questions all with conflicting views and interests for example not hot indre instances have arisen where looney to obey a lawor law or order cofone of one state meant to violate a law or order of another this archaic method of regulation should be abandoned and full and earn complete P lete jurisdiction lodged in the interstate Crim merce commission a for with its enlarged powers no m more re reason it obtains items hit fur state a reg fait n jijon om ol of III transportation system ban for state regulation of the postal I 1 system another cause is lack of andern anity of investors against strikes thus far congress has passed no I 1 law aw effectively safeguarding fe guarding railway railia investors or the general public from the strike me menace mice railroad strikes are a public menace when in millions ilione of people suffer hardships arid and privations one from any serious tieu pauch uch strikes assume criminal proportions and are no DO longer loneer tolerable A b reau of adjustment anoula anould be established eau tn bi I 1 shed to settle con trover between the employees ind and management and tit strikes and lookouts should alike be prohibited there may be other phases but if desi deal res to make a rood good and right inear start t in stabilizing railroad d cred credit it and insuring ng the public 29 ema against demoralization of their transportation n service here is its opportunity |