New Britain Herald Newspaper, April 3, 1930, Page 3

[lUTSI[lERS ACQUIRE NEW ENGLAND LINES Railroad Ownership Passing Out of Hands of Yankee Owners Boston, April 3 — In the first statement on behalf of the New England Council that has been made in the current discussion of the future of New England's trans- portation facilities, President Red- field Proctor of the council today told the New England governors' railroad committec that indefinite Tetention of the status quo among New England railroads is the least| likely of all the possibilities in the situation. ’ Control of roads by New steadily diminishing, President Proc- tor declared. “1f our New England people are not .retaining such ownership of these railroads as they formerly had,” he asked, “how can they ex- pect to control the future of these properties, or expect that things will remain as they are?” Discusses Water Transportation Stressing the fact that the New England governors' raflroad com- mittee was not creafed to consider railroad consolidations alone, but rather the broad question of the fu- ture of New England's transporta- tion facilities, President Proctor emphasized the possibilities of wa-~ ter transportation. “New England has a long shore line with'numerous good harbors and ports already developed, but capable of much greater develop- ment and offering limitless possi- bilities as avenues of domestic and foreign trade,” he declared. “It is the hope of the council that the committee will consider the coordi- nation of rail and water transporta- tion with a view to the development New England's of both domestic and foreign com- | merce through New England gate- ways, both land and sea.” t is our hope,” President Proc- tor said at anothe* point, “that your committee will make such study as will reveal, beyond doubt or question, what ought to be New | England's policy with respget further development of New Eng- land's transportation facilities in the interest of the growth of our agri- culture, commerce, and industry.” President Proctor declared that the New Haven and the Pennsyl- vania interests “are doubtless in a position, if they wish, to excrcise effective control over the Boston and Maine.” Likewise, he said, New Eng- land ownership of both Maine Cen- tral and Bangor and Aroostook has declined. Tracing the steps taken by the New England Council to investigate the change in ownershlp of New England raiiroad stocks, President Proctor “ecounted the council’s sub- scquent action in calling a confer- ence of the New England governors and placing the railroad question before them. As a result of this ac- tion the New England governors' railroad committee was. formed. President Proctor’s statement fol- lows in full text: The New England Council ap- pears today in response to an invi- tation man. While the council itself is not concerned with the details of New England transportation matters, it has had some connection with cer- tain aspects of the railroad situa- tion, included within the scope of the committee’s inquiries, concern- ing which the facts may be briefly stated as follows: *“Observing the negotiations among trunk lines with respect to consoli- dations, the council in the early au- tumn of '2§ addressed certain in- quiries to the trunk line presidents Each was asked what securities of New England railroads were held by his company; whether his company was represented on the directorate of any New England railroad and finally, his company’s policy as af- fecting New KEngland, regardiug trunk line consolidation. The roads responded quite fully to these ques- tions and copies of this correspon- dence are submitted herewith for entry on your records, if you desire. Ownership Changing “Some months later, inquiry was made concerning then current sales of New England railroad securities, to ascertain if there was a tendency for ownership to pass out of New England hands. The New England railroad presidents’ committee was vequested to advise the council upon this point. The replies, covering the period from December, 1924, to De- cenlber, 1928, showed. with respect to all the railroads included, a de- crease of the percentage of stock owned by residents in New England. “Mecanwhile, it was becoming gen- erally understood that the Pennsyl- vania railroad had increased its holding of New Haven stock, and that Pennsylvania interests had quired stock of the Boston & Maine in such amount that, together with the trusteed Boston & Maine stock owned by the New Haven, the two vailroads could exercise control of the Boston & Maine. Later is also developed that a substantial block of| Maine Central stock had likewise changed hands, going outside New England. “In September, 1929, the gover- nors of the New England states, in 2 joint conference, asked for by the New England council, afiorded it an opportunity to place before them such facts as the council had gath- ered. The governors soon after an- nounced the appointment of this committee. Takes No Stand On Consolidation “The New England council has taken no position with respect to the Interstate Commerte Commission plan, or any of the other consolida- tion proposals, involving New Eng- land railroads. Pending the comple- tion of your studies, the council be- lieves it can best serve New England by helping to stimulate thoughtful discussion in the several states and among our varied business interests. The council is desirous to have the questions involved considered from the standpoint of the interest of New England as a whole and feels it cspecially fortunate that the gover- nors gave the committee broad pow- ers to ‘consider the transportation facilities of New Lngland in their &ail- | Englanders has been | further | to | from the committee’s chair-! relation to the best interests of New England, particularly those of in- dustry and agriculture,’ and did not | limit the studies to the single ques- | tion of consolidation, important as that problem is, “New England has a long shore line with numerous good harbors and ports already well developed, but capable of much greater develop- ment and offering limitless possibili- ties as avenues of domestic and for- cign trade. Many of our industries | | are active in such trade, it being an | important portion of their business, and there is every reason why this side of New England business should increase and expand to the general profit of the area. It is the hope of the council that the committee will consider the coordination of rail and | water transportation with a view to the development of both domestic | {and foreign commerce, through New ingland gateways, both land' and sea. New England’s railroads havel gone through an almost continual | process of consolidation. What we now know as the New Haven and Boston & Maine were 40 years ago |a much larger number of scparate land independent railroads. These consolidations heretofore have come about largely upon the initiative of the railroads themselves, and were based presumably upon practical considerations of earnings and serv- ice. To assume that the present stage of evolution'in this field is the last word therein, is fallacious. It is not reasonable to expect that the present setup of our railroads will remain indefinitely. This is one of the most improbable outcomes of the possibilities in the situation. Outside Interests Control B. & M. “The New Haven and Pennsyl- vania interests are doubtless in a | position, i they wish, to exercise | effective control over the Boston & | Maine. New England ownership in the Maine Central has substantially | diminished. New Lnglanders own- {ed in 1928 less than half as much Bangor and Aroostook stock as they | owned in 1924. Ifour New England | | people are not retaining such own- | ership of these railroads as they | formerly had, how can they expect | to control the future of these prop- | | erties, or expect that things can re main as they are? | “By their achievements in reha | bilitation, the managements of our | railroads have rendered magnificent | to New England and its| commerce and industry. They have 1so by their accomplishments made cur railroad securities much more | ttractive. Interests outside New | England see the progress we are | making, commercially and indus- | trially. They see us producing in | the years to come increasing | freight tonnage, profitable not only to our roads, but to those connect. ing lines which can place themselves in best position to share in its rey- enues. New England is a rich mar- | ket and there are outside interests| who will not hesitate to invest in our properties for the sake of their vield and as a means of strengthen- ing their own position for the fu-| ture. “Have we reason to believe that there is no room for further im- provement of our railroad transpor- tation facilities and services? Cer- tainly our rallroad exccutives would | be the last to say so. Nelither would our business interests, if they an- | swered the question frankly. Are we to assume that our present railroad | arrangements represent exhaustion | of the ingenuity, creative ability d resourcefulness of’ their man- | agements or of New England bus- iness meu We appreciate the | present degree of cooperation | among our several railroads, but we also know that needed improve- | ments and services have been ham- pered by the difficulties of bring- ing about cooperation between our independent railroad systems. No Unified Policy In N. E. “Throughout the country, changes in rate structure and rate relation- ships, far reaching in their cffect | upon’ New England _industries, _are | taking place. New England has™not | Lad, and has not now, any single, | unified policy with respect to these | changes, actual or proposed. Neither has it any cffective agency, repre- sentative of either of our am‘orali railroads, our six states, or their business interests, to present its views and fight its battles in trans- They're What? | service and | land’s transportation facilities in the | ment of these ends, | gladly assist in any way it can.” | i1l be |today at their home. | termined | cottage and, when sea breezes car- Why those millions of money- savers you're going to like — enthuse over receive gladly — obtain regularly — thank us for See our big special announce- ment in this paper tomorrow. 1H!I{Bnnnzll NEW BRITAIN DAILY HERALD, THURSDAY, APRIL 3, 1930. B portation matters. Yet from a rail- road standpoint we are regarded as a single area, as illustrated by var- ious acts of the interstate commerce commission, and of railroad inter- ests outside New England. “It i3 ouf hope that vour com- mittee will make much further and inténsive study of the situation, as will reveal, beyond doubt or ques- tion, what ought to be New Eng- land's policy with respect to the turther development of New Eng- interest of the growth of our agri- culture, commerce and industry. You have a most favorable oppor- tunity to do this. It is our belief that once a basic policy has been determined, in terms of what is best for New England as a whole, the proper course as to consolidations will be clear. To the accomplish- the council will City Items The Phi Kappa sorority, Kappa | chapter, will hold its annual formal dance tomorrow evening at the Busi- ness and Professional Women's club on Pratt street, Hartford. Souvenirs given away Friday and Saturday. U-Save Store, cor. Stanley and Whitinz Sts. Tel. 503.—advt. The police were notified today of the return of the operator’s licenses of Juan T. Stertman of 69 Linwood street and Salvatore Miglizzi of 33 Lee street. Lieutenant Matthias Rival was | notifizd last evening that a tree at | Lake street and Lenox place was in danger of falling down before the | high wind. The matter was e ferred to the public works depart ment, We deliver to all parts of city. U-Save Store, cor. Stanley & Whiting Sts. Tel. 503.—advt. Stella Rebekah lodge will hold a regular meeting Friday evening at § o'clock. Plans will be completed for a trip to Middletown to attend the convention to be held on April 16. The Y. ). T. A. & B. Old Time Minstrel troup rehearsal at the T. A B. club rooms tonight at 8 o'clock. Laurel Court, O. of A. will meet Friday in Masonic Temple. There a social in the afternoon at supper at 6:30 and regular meeting gin the evening at 7:45 o'clock followed by a surprise en- tertainment and refreshments. 30, We give green trading stamps with purcha U-Save Store, cor. Stan- ley & Whiting Sts. Tel. 503.—advt. Miss Margarct Ramim of 111 Bel- den street has left New Britain Gen- cral hospital, where she underwent an operation recently. Herbert Morans of Hamilton street, WHo has been dangerously ill at New Britain General hospital for the past few weeks, is reported slightly improved. . Mirantes Observing Wedding Anniversary Mr. and Mrs. A. H. Mirante of 321 Clinton street are observing the 20th anniversary of their marriage Arrangements were made to entertain about 100 relatives and friends this afternoon and evening. Mr. and Mrs. Mirante are natives of Ttal They were married at St. church, this ecit, on April 1910, by the late Re Fr. Regan. Until recently r. Mirante was en- gaged in the real cstafe business. They have five children, Alexander, an fnventor; Edward, a student at Senior High school; Domenic, Rose and Christopher. HULL COTTAGE BURNED Hull, Mass, April 3 (UP)—The unoccupied cottage of A. Diamond of Boston was destroyed, several ad- joining cottages were s§ghtly dam- aged. and much seashore property was threatened by fire in the Bayside section here early tod The blaze originated in an unde- manner in the Diamond ried burning embers to roofs of other structures and ignited dry grass, a second alarm was sounded. Damage was estimated at $10,000. Here ! Eollne STAMP COLLEGTORS INCITY ORGANIZE Elmer W. Pape Temporary, Chairman of Philatelic Group The club, named few €lub. an organization composed of local stamp collectors, ed last night at a meeting of in- terested philatelists held in the di- rectors’ room Trust Co. Kermet E. Parker temporary cler] whilé committees were appointed to bring the soc manent organi months. bers and one visitor three others were reported as ious to be ¢ r Postmaster elected chairman ot committee and, c! to serve with him. amed chairman of the by-laws|ung's general collection is built cominittee, selected Gerald R. Erik- | particular attention to first son as his co-worker. It was re-|covers and British ported that members of the stamp |The collection of Kermet E. Pa | clubs in Hartford and Waterbury |is strongest in modern issues, | offered their assistance in organizing | emphasis on selected countries me local society, which, when|as United States, British colo | definitely formed, is expected to es- | France, Belgium and Germany. tablish connections with one of the| Of the three not present last regional or lonal stamp bodies. | pyt known to be interested, Upon invitation from Leon A.|T, Squire has a gencral Spraguc, as voted to hold the|girong in British colonies and vnc.\v. meeting at the same place on|aimost succeeded in acquiring Tuesday evening, April 15, and the|gtamp from every country thanks of e cluly were extended to world issued during each of the trust company for its generosity. | three recognized periods—19th | Mr. Erikson acted as chairman of | tyry 1900-1 nd 19 4 |last night's mieeting until the elec- | Colton Nobl tion of M Pape. pos! and revenue What They Collect | British colonials in his Ny all of those present|lection, and George V. gencral collectors, |4 general agglomeration Al told particular phases| Numerous ot he hobby interested them most | 1o city are 1 1 it anned to call upon €ach |pore and any som Purlluu.\; ng is invited to do airman Elmer - DOLITTLE DAMA in Hardware City Collectors was organiz- labels general of the New Rr!(um} Hamlin Elmer W. Pape was Pra ,chairman and | ast but temporary What ing s s is s0. eral and ic stamps of Cuba Canada, and Luxem- | bu r Erwin specializes | in first its and first day covers | and 12 eneral collection. H. H. Wheele general collector, | | with T expressed preference: | Frank H. Johnston's general colle tion is particularly strong in stamps | of the period from 1580-1900, while | during his travels he has indulged the hobby of buying unused sets of the post offices in th ries he has vis- Brazil, Postmas! pital Needs No Permit Newington, April 3 — Fire 1 was called out Tue on the house ownec No damage ight to a chin fire turnpike in a amuel Vassello. reported. rmail sectior has a general col- Fox, also a gen- is particularly inter-| Two otk 1 States and Canadian | to yester: evenue stamps. Ger-|fire on Willard Iirikson, the only out-and- |sparks from in the group, | ated for the exc ellations on 19th cen-|diers’ hospital c stamps, with bureau-|call was to a ney fire on nd Connecticut precancels as| Robbins ayenue. With the Paul Kaelin features|wind blowing, it was feared at States and first day covers in | time that the roof would be cral collection, while that of | but the fire the | R, R. Brandt is strongest in Ger- | fore any | many, French colonies, Congo, and | British colonies. | e W. C. Habbersett has a fine Unit- | next reguls ting on Th atés section as the backbone of | April 10, when the first and se ral holdings. Leslie Hart-|degrees will be conferred by rague lection. Frank R. eral collector, _respo E for a postage cause lald R out spec avenue cam shovel vating of ti lar. The ELMER W. PAPE ty into shape for per- ation within the next There wer 13 em- present, and | Unite anx- | his g priv a sidelin : members of serious damage Grange News H. E. Erwin was S the prog | se H. H. Wheeler | ed Paul Kaclin, | his gene Coat, vest -and knickers for an afternoon on the links; long trousets for a morning in the office or an cvening at the club house. Easy to look at, casy to wear, easy to play in, casy to pack for a weck-end! Tailored by SPORTSWEAR, INCORPORATED, in correct styles developed with the interested assistance of outstanding Golf Stars THE HOUSE OF. HLEY 139 Main Street & flight colohial stamps. W. collection oper- other ignited, was finally quenched be- was done. with rker with such nies, ght W. has one | th cen- date. has | | about | rem- | |A i fib {Three Calls in One Day—Hos- i by was nded grass d by | sol- | 5 high | one st | its day, cond the | gram. the | t plumbing estimated cost, $265; | electrical estimated cost, $420. Total estimated cost, $16,051. Mr. Chichester his stated that in building the Veterans’ hospital no * permit will be issued by the town, as This meeting, also, has been |this construction is on federal prop- =d from an all-day mecting to erty and the town has no jurisdic- afternoon and evening meeting. Thz |tion in this construction, busine will start at 4:00 Lehrer Gets Contract o'clock fifth degree will be| At a mecting of the board of se- conferred. will [ lectmen held last evening in the be devoted to pro- | Town hall bids were opened for the The for | wirin d fixtures of the Town hall, |now under renovations. The arded Lehrer's Hard- of New Britain, which to change the meter board cellar for the sum of $91 Daughter Born and Mrs. William Holt -of Willard avenue are receiving con tulations on the birth of a daug} Monday morning. men's degree of candid; This change in date has been| made on account of the Pomona | Grange meeting which will be held in East Hampton on Tuesday, April team on a large class s. );001\ experi- e taken cker negative cker of | ward |agreed stor: The aff Mr. Brown Merider y Mr. Han Burritt Othe promises rmative Mr. 52 | Pomona siderable | meeting hour disct Vincent in Ballyhoo A I- or “Red” Clubrooms ot city won't do anything FEmany we'll make them,” assured ORI WDy } A0 b 1cent, 21, communist agita- Dleapong circulated among jobless LY in city hall today with an in- ek vitation to come to the nickel-a- el lub room established by the s ion Unity league at 100 NEH eet. Vincent remained but then departed with vitation: “On to Beaver as he men ile the good m active, and one of the membe Hampton that if the afte d out in w enthusiasm ade w it was the opir from rnoon its Gra there of DIAMOND WORK REDUCED April 3 (®)—In accord- with the decision reached last weelk the international commit- tee, Antwerp diamond cutters have decided to reduce work 50 per cent from April 14, laying off two weeks out of four. Heavy fines will imposed on those who disregard decision. nilding Report 5 Inspector Chichester 1 I his repo month d imy o e ; poultry ho the itions 1 ated cost estin 81 cost USIl. HERALD CLASSIFIED ADS New Britain Special Spring DRESSES $10.00, $15.00, $25.00, $35.00 Friday and Saturday Only SPRING COATS $25.00 up SUIT'S $27.50 up HATS $10.00 to $16.50 OSIERY in all the Newest Shades $1.39 to $3.75 arker & Parker con- =