| Show WRIER CARRIER RELIEF BELIEF WILI BE BEM PLAN tn IN HUGHES TO PRESENT BEHALF OF MILWAUKEE ROAD IN NEW RAILROAD alla PLAN who when A fart is 1 data selected hearing of solids roada will take pt place a bare will b to advantage adva to of the weak cc companies pa now hew york an unprecedented alq plan tor for railroad Mar marcons maroons involving p pool ing among weak railroads rail will w bur be th ur ged by charles E IH hughea before th i in inte at t a commerce commission behalf of the twe receiver elvers ol of the C achl id logo caro milwaukee st sl paul railway red linzy hearings will begin at chicago so sep anber 1 under the receivers receiver 11 plan increases in western territory would be pooled staff dir divided ded among weaker roads roada in p proportion predon to the extent such auch roads mad fall short of earnings earning 5 3 4 per cent on profit property ty investment A on a road would not receive full fall benefit of at aut an increase in rates but a weak roid road would obtain brain much additional gov evenue some game railroad men regard the plan all ai opposed to the principle of private operation and some go further in do de and use the word arviel boblet theory I 1 mark an W potter P otter former interstate coin merce commissioner one of at the st SC paul a to re elver in and or originator g star a of I 1 the plan has baa met the these object lona by statements taie menta that the pe principles I 1 act 1 I which alo govern the operation 0 A of industrial A A corporations corporation no an ion loneer g ce hold bold true on th the as their earnings are restricted by the recon recapture clause of the tre transportation n par if act this his clause provides that if any railroad earn earns more to than 6 per cent half of the excess revenue hall be I 1 turned back to the government to for meds wit form in a fund on cal which aich the interstate intent ate commerce commission may draw to loan roads roada in financial distress th the A retaining retailing of at M mr hughes an bounced recently aas ft as somewhat of a surprise Bin prise as the investment house of if ron a evelt ft co cc which 1 la opposed to the reorganization plan of if chicago milwaukee a st paul railway recent ly IY made overture to him with a view to retaining him in investigation of the tha failure of I 1 the a m road last march A conference between the receivers rece iem of the st poll paul and executives of other I 1 her northwestern carriers mir rier will be held here shortly in an effort to win support to the rate ff iena plan hale bale holden president ot of the so bur langton ng a la Is already here tor for the con I 1 terence arence he remarked that the potter patter pun plan conflicted with the transport tran aporta tion act and that the remedy for do creased passenger earnings earning was au pen pan won of interstate bus traffic with equal al rates for steam and motor car biers western carriera ar carr arren fera r aa a class are now ow preparing a petition to the corn in more merce commission for a flat increase of 5 per cent on freight rates rate |
