The Newtown bee., 1909-06-18

commission works successfully an- other commission might be named to manage the manufacturing interests and another for the agricultural in- terests and by and by We shall find we have no use for a legislature. It takes S6,0g0 people to run the New
 York, New Haven & hartford Rail- road Company now and how are three men going to do 1t? No man can do the stunts set out for this commission. The bill provides that even the badges worn by the con- ductors can be fixed by the commits sion"
 Have you read the bill?" asked Senator Peek.
 Every word of It." said MT Wal iaCe.
 And you did not see any good in It?"
 q do not favor It," said MT Wal lace.
 You are representing your clients in that, suppose" said Senator
 Peck. You come here and insinuate that the railroad commissioners are corrupt and lobbyists, yet you doubt less know that the hands of the com missioners have been tied by leglsla- tive lobbyists, and you are working with theh to perpetuate these con- ditions," said Senator Peck.
 MT Wallace continued, saying that the bill has all the nall marks of so- cialism. "The bill will simply be a garden for the raising of plums for politicians" MT Chandler suggested thst judges of the Superior court are generally regarded as honest and Mir Wallace said that was their stock in trade. They have got to be good or else gst cut of society. "You can't
 find three men in the world who can do this work said MT Wallace. And yet" said MT Johnson of New town, you expect this general as- sembly to do it. Why, in the name of Cod don't you clean out the third house and give us a chance to do our work?" Mir Wallace again alluded to the hall marks of socialism and quoted Karl Marx with telling effect and said that government and busi- ness cannot be combined. The gener- al assembly is socialistic. In con clusion MT Wallace begged the con- mittee to turn down the bill alto gether Following the lead of the sensible and hard-headed judiciary committed" As sort Of I postscript Mr Wallace read the clause regard ing the matter of badges of conduct ors and MT Johnson said it ought to be amended to the extent of requir- ing corporation lawyers to wear badges, also. Joseph J. Riley of New Haven spoke against the bill, fearing that it would work hardship to 'he small corporation and probably to the workingmen. Arthur c. Graves of New Haven, who said he repre- serted himself and other investors, spoke in opposition, contending as he had before, that over capitalization does not affect rates but when 1t actually exists it does hurt the in- yestors and the stockholders and yet as a body they were opposed to the bill. They know fro.n experience that governments are proverbially extravagant In the proposed bill the commission will have the power to orGer changes or repairs without having the responsibility Of raising revenues. MT Graves criticised the work of the New York public service by way of proving that they are most successful. Ii. sllt he did not question the honesty of the commission but simply it's lack ot 1 knowledge. Mr Whiton of the com nittee wanted to know where min ority shareholders can secure pro- ection and MT Graves suggested the ,oramon law. MT Chandler asked why there was nothing done for the minority shareholders of the Inter- borough system. MT Graves said the shareholders d-d not act in inc. MT Graves insisted once more hat cvpr-capitalization has nothing o do with rates and prices saying hat it is a popular fallacy. The public service corporation has the irst right to fix it's rates. The courts hould furnish the only remedy. MT Chandler asked how the people of Manchester, who want lower trol- ey fare, could get their matter be- ore the courts, and MT Graves said le thought he ought not to answer he question. MT Graves said he did lot contend that the state has no fight to regulate rates and MrChand- CT asked which the best machinery vas TOT getting it. commissioner or egislative committee. MT Graves hought that some body with judicial