. Extension of tenure of government control of railroads. Hearings before the Committee on Interstate Commerce, United States Senate, sixty-fifth Congress, third session, on the extension of time for relinquishment by the government of railroads to corporate ownership and control . is a very large part ofthe cost of railroad facilities, and I believe that future expenditureswill be relatively larger for terminals, using that term in the generalsense that you have just stated, than almost any other part of rail-road development, but I do not know the proportion. Mr. Sims. And the tendency, then
. Extension of tenure of government control of railroads. Hearings before the Committee on Interstate Commerce, United States Senate, sixty-fifth Congress, third session, on the extension of time for relinquishment by the government of railroads to corporate ownership and control . is a very large part ofthe cost of railroad facilities, and I believe that future expenditureswill be relatively larger for terminals, using that term in the generalsense that you have just stated, than almost any other part of rail-road development, but I do not know the proportion. Mr. Sims. And the tendency, then, will be that a larger propor-tion of railway earnings will have to be used in providing futureterminals or enlarging those you now have than has heretofore beenthe case? Mr. LovETT. I believe that is true, using the word terminals Mr. Sims. In a general way. Mr. LovETT. To include practically everything except main tracks. Mr. Sims. Now, is it also not a fact that that increase can not beprevented by anything or any kind of economic operation of therailroads that can be devised; that it can not be prevented, in otherwords, by any method that may be adopted in the way of adminis-trative or economic policies by the railroads ? 825 826 INTERSTATE AND FOREIGN 6^ \ C I F I C .=J INTERSTATE AND FOREIGN TRANSPORTATION. 827 Mr. LovKTT. No; I do not know of any way of uvoidino- it. Tlieonly Avay that it will be prevented, of colirse,will be lack of money. ]\fr. Sims. I want to ask yon another question in connection withthat. Do you or not think it would be a wise policy to adopt, on thepart of the railroads, to make a specific special terminal charge forall traffic that has the benefit of a particular terminal—the directbenefit—or passengers, in addition to the general line-haul charge,to be paid exclusively by those who receive the direct benefit from aspecific terminal ? Mr. LovETT. I believe the present method of dealing with thatitem of cost or expense in tran
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