THE NATIONAL CHAMBER OF COMMERCE 
as it now stands should not be amended, and none of its basic 
provisions should be repealed, until there has been more opportunity 
for the law to be tested by experience under more normal conditions 
than yet exist. Opposition should be continued against proposals 
for the repeal of such basic provisions of the law as confer upon the 
Interstate Commerce Commission power to correct intrastate rates 
that unreasonably discriminate against interstate commerce, and 
give the Commission the guidance of a rule for ratemaking intended 
to secure for the public adequate transportation facilities and serv- 
ices. (Resolution, Tenth Annual Meeting, 1922.) 
TRANSPORTATION POLICIES 
The National Transportation Policy should aim at development 
and maintenance of an adequate system of rail, water and highway 
transportation with full cooperative service of all agencies that will 
contribute to economy and efficiency. 
The important principles of the Transportation Act of 1920 
should be continued without change until there has been further 
experience. 
The principle of recapture of a fair proportion of excess railroad 
earnings should be maintained in the public interest as essential to 
the rule of ratemaking. 
There should be supplementary legislation in harmony with the 
general principles of the Transportation Act to facilitate consolida- 
tions by voluntary action subject to the approval of the Interstate 
Commerce Commission. 
The policy of connecting and coordinating terminal facilities, 
with provisions for joint use prescribed by the Interstate Commerce 
Commission, should be applied as rapidly as practicable. 
In place of any attempt to deal with rates and other problems 
of regulation of common carriers through legislation—necessarily 
inelastic—such problems should be handled by properly constituted 
federal and state administrative agencies. 
Instead of any attempt at general reduction at the present time, 
the existing administrative agencies, under their established methods 
and with all possible dispatch consistent with proper study and 
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