Revise the railway transportation laws for stability, while RFC loans avert receiverships

The public will, of course, select the form of transportation best fitted to its particular service, but the terms of competition fixed by public authority should operate without discrimination, so that all common carriers by rail, highway, air and water shall operate under conditions of equality.

Sixth: I have repeatedly recommended to the Congress a revision of railway transportation laws, in order that we may create greater stability and greater assurance of that vital service in our transportation. I shall Persist in it.

The regulation should be extended to other forms of carriers, both to prevent the cutthroat destruction going on in their own business amongst themselves and to prevent their destruction of the other great major arm of our transportation. I have set this matter out in numerous messages to the Congress. I have supported the recommendations of the Interstate Commerce Commission, which are specific and not generalities.