Evening Star Newspaper, September 4, 1925, Page 26

RAILROAD MERGER PLANS Titanic Battle in Prospect BY JOHN E. MITCE L. ARTICLE VI. --Authorities on economics say three henefits are to be expected from rail- Authorities doubt this. superintendent and freight agent ‘0 make, and no matter what financial Each division they point out, has his own reputation THE EVENINC STAR. WASHINGTON, D. C. FRIDAY. SEPTEMBER 4, 1925. jgens’ offices are in Cleveland and will |dent does not believe this (compulsory after two-thirds of the delegates had ‘remain there. Although they have |consolidation) is necessary, but the 'NMAN Is EI.ECTED 4| voted for him. been financed generously in New York, |the banks of Cleveland have partlci- pated up to the limit prescribed by law In their undertakings. This hear: {ing now before the Interstate Com- "HIEH‘F Commission, economists say, marks the first emergence of a West- 'ern money power competing in the fieldswpreviously prompted by the East. It marks as well the date in our eco- ! inomic history when the West is able {to turn from its own development to | Ithe development of the country as a hint was exterided that if the roads do not consolidate veluntarily compulsory legislation will be passed.” (Copyright. 1925.) THE END. . CHICAGO MAN KILLS SELF. t Had Retired From Business After The Sons of Veterans chose as their 1926 leader Edwin C. Ireland of Bal timore. The National Woman's Itelief Corps, Ladfes of the Grand Army of the Re- public, National Alliance Daughters ot Veterans and Sons of Veterans' Aux iltary finished their business sessions. ‘The Sons of Veterans, as well as the women, are pledged with the vet- erans to seek increased pensions for the veterans and their widows. It is hoped that an increased pension of G. A. R. COMMANDER Turbulent Session Ends 59th An- nual Encampment of Veterans’ Organization. Commission Announces Place Open at Local Navy Yard. The United States Civil Service Commission announces an open com- petitive examination for assistant chemist (metallurgy) to fill a vac in the naval gun fa tory, na yard, at an entrance salary of $6.40 | blanks may be obtained at the office | of the secretary; fourth Civil Service | district, 1723 F street. Tl AP GINGER GER “a NONE BETTER A. G. HERRMANN | Nervous Breakdown. | a day, and vacancies in positions re. quiring similar qualifications. The duties of this position consist of routine chemical analysis of steel, | bronze and other ferrous and non- | terrous alloys for foundry control and other technical purposes, and also of | all raw materials required in the pro. duction of alloys. Competitors will be rated on their education and experience, and publi- | cations or these to be filed with the application. Full information road consolidation. The railroads of this country have had 20 long, lean | years. Some roads have now emerged into prosperity. These must provide the revenue needed by their weaker fellows. This {whole. It means, economists say, the | beginning of 50 years of investing by| CHICAGO, September § (P).—James the Middle West. |E. Wilson, 44, who retired recently The final argument of the support-|{rom active business as vice president ers of the Van Sweringens Is: *“They |of Wilson Bros., wholesale men's fur- lat least have proposed a major con-|nishing ‘company, after a nervous {solidation. Compuisory consolidation | breakdown, was found dead in his bed | by Congress would be disaster. in Evanston last night. | “The legislative program calls for| A bullet was lodged in his brain, and consolidation of railroads into regional |beneath his pillow was a revolver with systems,” dispatches from Swampscott | one cartridge exploded. Wilson, a said a few days ago, “and by infer-|prominent clubman, had recently re- ence approves the Van § achting trip on Lake el Plate consolidation 750 Tenth St. S.E. $72 a month for ail veterans and $560 |a month for all widows can be ob- tained through legislative enactment. The encampment favored the erec- tion of a memorial at Westport, near Kansas City By the Associated Press. GRAND RAPIDS, Mich., September 4—In a turbulent session yesterday the Grand Army of the Republic com- pleted the work of its fifty-ninth an- nual encampment, elected its com- mander-in-chief and adjourned sine die. Similarly the five auxiliary or- ganizations completed their business, elected officers and adiourhed. John B. Inman of Springfield, i, | through past department commander of INi| England’s Jatest battleship. now commander-in-chief. | under construction, will be 700 feet declared unanimous | long. THE HUB Now Open All Day Saturdays [BLE INTHE -ommitments his road may have, will | compete lustily with his rivals to enhance his own standing. After the passage of the transporia. | tion act in 1920 the trunk lines of the t of the railway world ree, as has b ary plan to carry out In vain the members of the nterstate Commerce Commission tried tely to prick the executives with sm and warn them with cajolery. It remained for two Cleveland real te operators to bring the first im- portant consolidation project before the commission. This cilessly attacked by can be done more efficiently by joining the weak to the gzreat systems than by the plan-for recapture of excess or the plan for pooling earnings posed by former Interstate Commerce Commissioner Potter The protesting minority stockhold ers have complained the Van S ngens intend to join the now & raflway ex- be carried ve to Argentines exten | pansion program is and application THE HUB Furniture Co. economists say, i - what consolidation is’ intended Railroads are beginning to seek new | has been n‘APIH\ the Chesapeake | d Ohio minority, and it is important | to remember the minori has vet had | no opportunity to offer its own e 1 dence. Some of their doubts and criti- | cisms have already been mentioned. | It is further necessary to remember that men. in important positions on | highly successful railroads have pri: vately in the last few days denied any advantages to the whole consolidation | | 1a s s dly drawn its va. lidity is open to serfous question. They say the benefits of any consolidation | | | money for long-needed improvement A wide investing public is 1o be attracted to railroad see some of which have advanced enor- mously in value in the-last f This apprec n value plains, incidentally profits from the present ceredited to the rom the public's viewpoin solidation the securities of : road in which an uninformed i might* lose dis sumed by the are invisible to those inside a railroad Cummins for Compulsion. The Republican pa ! Coolidge have no su especially the admin of the West poses y and President 2 forebodings, ration leaders nator Cummins pro- onsolidation by ailroads cannot put forth a plan of their groupings of the terstate Ca pave the The Van Sweringen Plan The financial structure of posed Van weringen cbnsc ion | will consist of about 60 per cen und ed debt bonds, against 40 per cent :a shares or stock. Oris Van Sweringe: estified: My ideal ratio is 50 per cent of funded debt to 50 per cent of capi alization. We'll have to compromise that ideal ratio in the new company prol ly for a number of yea Lastly, consolidation bri ed flexibility to the rate st The Interstate Commerce Com has found that a rate which v one road to bloom brings ar ness the Si with a fe ilar in diversity of traffic a conditions, a high rate placed on for insta can compensate nominal rate on g of wheat farmers users of coal This is why railroad conso! farm program. The same authorities on ecor say it is doubtful if consol brings the savings in ope proponents expect. A small organized d, whic executives can supervise like the Lehigh Valle cient than any great sys rtica railroad men prote: le production for r. deal in a service brings exceptic well as the inevitable loss in efficiency. The elimination of car spectors alone, on the proposed V Sweringen system, will mean a stantial saving. The Nickel Plate experts peint to | the possibility of routing Chesapeake and Ohio coal through Marion. Ohio, | &H* over the Erie to Chicago, as one of the | B=mi=— traffic advantages gained by consoli dation. This is disputed minority counsel, who part of the Chesapeake business will continu the Cincinnati gate main- n the Chesapeake and Ohio, from a he pro compulsor The final by the In- sion, which | ry consoli own Of fiber enamel Very tive. | veed g : [ cks of compulsory con | . : oo \i the seizure of one road un- | finish b 4 * the right of eminent domain and | the saddlin o 0ol ) . numerous. decora- { it upon another—are | The Government would un- | doubtedly be forced in condemnntu proceedings to pay dearly for a| that no other road could af- to absorb it unie: were boposted to unimagined heights. | Chambers of Commerce would rush to| | Lady’s Desk n Oak Desk s9 75 Gold with drop i finished Paul) to bankr s freight rate Boudoir Lamp 98¢ Vase design Silk shade, cord and socket in cluded ation or the raiirc Congress ads serv- ing particular localities. Endless | and 5 time would be consumed ! Opposed in Virginia. | Democratic Virginia is opposed to| Van Swer President Coolid idation high up lidation. Sen 1. insurgent nvestiga the conso| the Van prics on. ! 1 Ohio is for | tion. Incidentally werin- | | 1 Crib Meta This $229 Bed-Davenport Suite Reduced to $l79.00—Y9u Save $50.00 It is values like this that bring so many cus- tomers to The Hub. This suite is upholstered in velour, with a coil spring foundation and loose cushions comfortably made with coil springs. The bed contained in the davenport is a feature in itself. As pictured, rockey, armchair and bed davenport. Buy it on credit—take a long time to pay. Special Price. % You Pay As You Earn—Credit Is Yours m“‘mw% X PSS SR From Now on You Are Privileged to Shop at The Hub on Saturdays The Summer Saturday holidays are over—we are now going into Autumn activities with renewed vigor and a determination to give better service, better values and easier terms than ever before. Again we say—Open a Charge Account. The whole world does business on a credit basis—so why not buy your furniture at The Hub on the most liberal credit terms ever offered by any furniture store. Drilliant ‘ Brass Gives a d kettics, brass Pottery Vase Lam Base in colors. Silk shade to match. Cord and socket included a necessary tem. part of the proposed Davenport Table ling brlliancy to trons, | bowls and candlesticks, no matter how tarn- | = they may be. } Buy a can at your RINE | o1 cer, druggit, hard- ! wale or auto shop. An Example at Buffalo. A conspicuous example of traffic ex- change advantages to be zained throu consolidation, interesting in the li of the Van Sweringens' expressed de. sire to ld the Lackawanna to their proposed system, Buffalo, | where the Lacl gives and re- | ceives one-half of the Nickel Plate's through freight. In general, however, experts declare traffic will contin follow natural channels, regardless how the railroa In the pr the question ha consoli Period design construction finished Nicely i mahogany Console and Mirror (2 Pieces) 1022 practical -— SN ¢ ; 7 IRARARRERCRRNRAANNNNN sed about | le—the minority have asked if tages of com- petition may not be lost when inde- pendent roads fall under the control of great combinations ATTERLRLARLALLARRARSERLURRARNRNNNS Lamp Mahogany Silk Shade fringe. with A two-piece group for the hall. Finished in ma hogany IN SERVICE SEPTEMBER 7% ‘ : —_— % a4 pd base with Complete cord and : % socket RERARNLANRNNRNNESS %‘ g SSS NS S SNS TR AN EER N NN & SOSSS S S SRR RN dar Chest Made of genuine red cedag Thirty inches long. Nicely fin- ished. Smok- ing Stand 98¢ Mahogany finished, ped- estal style —with ash receiver. = Metal Ash Receiver Junior Lamp Artistic Polychrome base with tubular georgette silk shade New -All Pullman fast - Daily Train THROUGH SLEEPERS TO EAST, WEST AND CENTRAL FLORIDA Leave Washington, R.F.&P.Ry. Arrive Jacksonville “ Tampa . . Clearwater . St Petersburg . Arrive Palmetto “ Bradenton Sarasota . Arrive West Palm Beach ‘Parlor car bus service to Miami connects with all Seaboard trains at West Palm Beach For reservations and information apply to G. W. VIERBUCHEN, District Passenger Agent 8Beaboard Alr Line Railway 714 Fourteenth Street, N. W., Washington, D, C. Telephone —Main 637 eaboard Air Line Railway~ FL-OVRI DA B O U T E ‘Ten-Piece $175 Dining Room Suite, Graceful lines—good workm?nship—_-low price—easy terms—who can resist this combination? As pic- tured, oblong extension'table, china cabinet, server, buffet and six genuine leather seat chairs. A complete suite for only... % End Table Slg Mahogany - finish End Table with turned legs. aan|onwno EEIEE L Y| v Zzz|zzzzZ Oak finish —tray and foot rest. ® g v g Serving Tray - 59c¢ glass bottom. Seventh and D Streets Northwest Hassock 98c Made from grade carpet nants. high- rem- p 2k 2