New Britain Herald Newspaper, August 17, 1923, Page 17

URGES COMBINING -~ INTO ONE SYSTEM Boston Chamber of Commerce On Rail Situation - Boston, Aug. 17.—The solution of the New England rallroad situation les in the financial rehabilitation of the roads and their consolidation into one New Ingland system. Such is the ‘essence of recommenda- tions made to the board of directors of the Boston Chamber of Commerce by the chamber's special committee on New England Railroad policy. This committee has been working on New England railroad problems since June, 1922, The: chairman of the committee is Homer Lorjng, head of the Massachu- sétts state commission on administra- tion and finance. Also he is a di- rector of the Boston Chamber of Commerce and chairman of its com- mittee on transportation, The other members of the special committee are: Ildward J. Frost K of Willlam ¥ilene’s Sons company, Charles H. Jones of the Common- wealth Shoe and Leather company, and John R. Macomber of Harris, Iforbes and Company, Inc. In recommending the establishment of a New England railroad system (which would not include the Boston & Albany and the C. T. System lines), this committee reported strongly against tying New England lines with the Trunk lines. It rec- ommended that,the chamber oppose any form of Trunk line control, The specific recommendations made to the directors by the committee are: “(a) that the chamber urge the Inter- state Commerce Commission to adopt a plan for the consolidation into one New England system of all New Eng- land railroads except the Boston & Albany and G. T. System lines. (b) that the chamber support the general principles of the New England gov- ernors’ committee plans for the re- habilitation of the New England lines. (e) that the chamber oppose any form of Trunk line control.” The directors of the chamber have unanimously approved the commit- tee's report. ~Also they have decided to. have a mail refcrendum among the 7,500 members of the chamber on the questions involved in this matter. Consolidation Results At the outset of its report to the directors, the special committee stat- ed, that any consolidation plan for the New England railroads should: “Protect New England industries in respect to both rates and service. “Insure the continuance of all pres- ent transportation routes. ‘‘Restore railroad credit so that ad- ditions and improvements may be financed. promptly. “Safeguard so far as is possible the value of the securities of the New England rallroads.” @ After considering the various con- solidation plans the committee con- cluded th !“Irunk line control would 1ot con the best interests of New England.” “'We, do not believe,” stated the mmittee, “(hat with such control a satisfactory rate structure would be mainained or that adequate transpor- ation service could be given over the limited number of routes that would remain open to the shipping public. “New England is particularly sensi- tive to any changes in the adjustment of relative rates. Constant vigilance is required to keep the rates of New Kngland industries fairly related to those of other sections of the coun- thy. A further extension of Trunk line control of New England roads would impair opportunities and weak- en the commercial standing of New England industries, and should, there- fore, be opposed.” Trunk Line Control After discussing the arguments of those who favor Trunk line control, the committee stated: ‘“To us it stems clear that Trunk line control would practically end all advantages which’ New England now enjoys via these differential routes, and via many of the gateways now open to New IEngland industries. Obviously the main reason for Trunk lines acquir- ing control of New England railroads would be to control the routing of freight: This would mean, as has been pointed out, the speedy destruc- tion of the rail differential routes. It | is contended that these routes could be kept open by an order of the In- terstate Commerce commission, but experienced traffic men do not ac- cept this view. You cannot overcome the rights of ownership or control by official order. If these routes were not immediately closed, lack of busi- Like Tarzan 0 Mary Frances Ward, ot Atlanta, Ga., 15 only nine months old but she does stunts on a trapeze improvised from | a coat hanger to show her unusual physical development. nes would soon compel thelr discon- tinuauce und cripple the Industries which are depefdent upon thei, This, in the opinion of those operating of- flolals whom we have consulted, would be the natural and {nevitable result of Trunk line control."” Financial Aspects In reference to the financtal aspects, the committee reported it belfeved that the plan offered by the Joint New BEngland Rallroad committee can be made effective. “Probably some de- talls will have to be modified or | changed upon further study,” stated the committee, “The plan provides for financial readfustments and new capital for additions and improve- ments, It preserves for New England the independent control of its rail- roads and continues competing serv- ice not only via the differential routes but also via all of the Hudson river gateways, It makes possible the con- solidation of New England lines. ““The committee believes that the general provisions of the plan are practical and.sound. I(alh-ondsi are seldom successfully corganized | unless stockholders contribute a sub- stantial amount of new capital. The New Haven stockholders should not expect to be released from this obliga- tio {ensions of maturities provided in the plan are of such evident ad- vantage that they should be readily approved hy security owners. “One of the important provisions | of the plan is for financial aid from | the New England states and for con- trol of the railroads so aided ior a limited period by public trustees. Your committee believes that the continued prosperity of New England is so dependent upon adequate trans- portation that substantial financial as- sistance is fully justified. “Your committee is not disturbed over the provision for public trustees. If the New England states assist the roads financially they would be en- titled to participation in their con- trol. Temporary public trustee con- trol of New England utility corpora- tions has been most fsuccessful in rehabilitating the properties with re- spect both to service and credit. “Your committee does not believe that partial or even complete public control during a limited period of re- adjustment would lead to public own- ership. The public must share the burden or straightening out a condi- tion for which it is in a measure re- sponsible.” SHELBY BANK CLOSED - Montana Fight City Must Put Its Money Flsewhere | Great Falls, Mont., Aug. 17.—The | First National bank of Shelby closed yesterday on order of the board of, directors. Its last statement showed deposits of $377,000. In the month | AUGUST IS HALF GONE Have You Bought Your FUR FOUR PIECE WALNUT BEDROOM SUITES—-¢ Reduced to ..... EIGHT PIECE MAHOGANY Reduced to .......... THREE PIECE TAPESTRY LIVING ROOM SUITE— $l 95 00 Reduced to i LT AR 0dd Dressers—0dd Chifferobes | Berkey & FURNITURE at Authorized Discounts NEW BRITAIN DAIBY HERALD, heelim Up ‘rail Here's the way they measure mountai\n'trails in Colorado. Pupils of a school near Pike's Peak are doing the work on many long hikes,-a meter on the wheel recording the distances. | and occasionally visit him. He has a small library of books and writes a great deal, although no one knows what he writes about, nor will he| say. He has been living this loney life for five years, and declares he has no desire whatever to return to so- called civilization. since then about $100,000 had been withdrawn and the assets of the bank could not be realized upon to furnish turther cash. This leaves Shelby without a bank, the First State Bank, of which Mayor James A. Johnson was president, hav- | ing closed shortly after the Dempsey- | Gibbons fight July 4. | Mayor Johnson was treasurer of the | fight and active in raising a portion of £ the $300,000 which Dempsey was Sl have received as his pay for the fight. | | he doesn't know how to mend | matters, and yet delights in whining| | because nothing is mended, he is call- | ed a radical statesman. LIVES ALONE O 5L ey Mystery Man, French, Habitats Island of Keller About 27 Miles From Brest. > ONLY Ushant, Finistere, France, Aug. 17. —There is one Frenchman to whom | the high cost of living, the precarious | existence of the Entente Cordiale and the occupation of the Ruhr mean nothing, and that is Bastiat de Ker-| livio, who has found perfect peace | and quiet on the island of Keller, the | il water That's why smallest of the group of islands of | | which Ushant, 27 miles from Hrr-sl.“M - is the largest. Here M. de Kerlivio lives the life of | a modern Robisnon Crusoe, growing | his own vegetables, living on fish from the sea, and in every way sup-| plying his own needs. The inhabi-| tants of Ushant watch his island mr} any-signal of distress he may make, DESSERT . is 80 inexpensive But my! how good it tastes! D AR A NITURE? &> Youadda i milk,or | - $119,$159, $178, $189 DINING SUITE— §169.00 ODD PIECES Greatly Reduced 0dd Beds—OQdd Toilet Tables GC'iY 0dd Upsolstered Chairs Odd Upholstgred Davenports Odd China Cabinets 0Odd Servers MACKAY & WALLIN ‘“The Furniture and Drapery Shop” 63 _IXIAIN STREET August Furniture Clearance Sale Next to Methodist Church Mattresses of Quality Stearns & Foster Felt Mat- tress, filling composed of select- ed felted cotton; well worth 1005z PURE SILK FLOSS MATTRESS, filled with Reduced to COUCH HAMMOCKS—Made of strong, durablo material; priced at $11.25 and $14.40. 5 5 | standards, extra long. Close ‘out at only .9 SUITCASES—Large selection of dcpendable RE ators, the ve 'y best quality, all reduced. A bargain 5 you here if you can one. Come and see. KS, BAGS, Luggage, Specially Priced. No order too small, none too large. Call our Shade Phone: — 87312 —— TIRE VALUES Special Opportunity to get a Standard Make of First Quality Full Oversize Tires at Exceptional Low Prices. Brand new stock—fully. guaranteed. Just compare our cash ¢ffer with the present list, We make and hang Window Shades. —— SOLD FOR CASH ONLY — List Our Price 30x3% Fah. Cl. $1230 § 8.85 36x3l5 Cord ClL $1395 $10.65 32x3%%5 Cord S.8. $22.18 $16.50 31x4 “« o« 2551 §18.95 32x4 & $2808 $19.90 33x4 i $2898 $20.90 84x4 e $20.74 $21.80 Our Price $27.20 $27.80 $28.90 $29.40 $33.90 $29.65 $34.90 $36.70 List $36.40 $37.21 $38.11 $39.19 $45.27 $40.05 $47.52 $49.99 32x41/5, Cord 32xdl, ¢ 3dxdlp 35x41/ 33x5 36x31% 35%5 37xb RACKLIFFE BROS. CO., Inc. PARK AND BIGELOW STREETS L4 PHONE 1674 HARTFORD HARTFORD FREE TELEPHONE SERVICE To FOX’S in Hartford! 2965 Our patrons in New Britain will be greatly assisted in their calls to us, if they will just call 2965. the through at our expense. This is our new trunk line direct from New Britain and calls come Clearance in Women’s Suits and Dresses On the Third Floor Afternoon dresses in superior models, of such materials as georgette, chiffon, French ;.. .: : IR R 3 silk crepe, silk voiles, foulards and satins, also suits of imported English tweed: and only one of a kind. Former prices up to camels hair. Regular prices $49.95 to $59.50 Navy blue twill cord tailor made suits; reduced 1o .o i vavsisens Sun Parlor Furniture In the August Sale Prepare the home for winter during the August Furniture Sale, A survey of the home will convince you that many things are needed to make the home cozy and cheerful. How about the sun parlor? Would it not be a more joyous spot if properly furnished with a new suite? You will find pleasure in inspecting our assortments of willow and reed furniture; it is master built—strong as well as beautif; the kind to live with, and during the sale now in progress the price reductions run well into the dollars. * And don’t forget this important fact: Large or small purchases under our new credit system may be charged to suit your convenience.