Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-04-25


I Boston, April ga defence Of tho
construction Of the Hampton Railroad
and It's lease BY the Boston z, Maine
vas given by Counsel Edgar J. Ricl
Of The Eoston & Maine at tolay's ses-
sion OF she Interstate Commerce Com
missions inquiry into the New York,
| New tF;tNen d Hartford Railroad and
F, its Subsidiary companies.
The Harapden railroad, now under
! construction, will extend from the
outskirts al Springfield It distance OF
| Is miles To Bondsville. where it viii
tap the Massachusetts Central dipis-
! ion Of the Boston & Maine. The annu-
al renal paid by the Boston L Maine.
| it was brought out, YESTERDAY viii be
F., about $l2, 900 a mile, or about four
/ times as great us the average rental
OF the ro%ds other leased lines
! SIR aich read from the report 81 the
Massachusetts Board % Eailfoai
I Commissioners to show that the board
| had approved of the project He also
said that the Boston x Maine could
! not be compelled to pay and would not
pay anything more than IS appfe,e ID
/ ~ the railroad commissioner. lie de-
| tended the financing Of the Hampton
! Railroad and SAID that the g9stoa &
4 Maine and tie public would b. tllly
4 protected.
/ ". J. Hobbs, financial vice pHesi-
! dent tof tile Boston g Maine, resumed
the stand and his cross discrimination
4 was continued by Louis +. Brandeis
\ Counsel for the Boston Fruit and fru4
cuce Exchange.
i Replying 10 a question by Commits
| siontr Hrauty. Mr.. Hobbs said that thu
lbendea indebtedness Of the Boston &
| Maine vas $40, Us 600, and bills paya-
| BILE So. 500,090. interest charges on
| these two items amount approximately
| 10 So. 0s8.tU0 other charges Of $5,6nth00
| f9r rental and 81 ,009, 600 for hired equip
ment brings the total expense up to
S9.eeo, 6Ge. For 1912, the total gross cor
| uoratc income was $9ei5,Ooe
The gross; corporate income Tor Iai3
Mr.. Hobbs SAID. would be less than in
1872
Advanced wages would adj To the
leXpenses in 1919, MIR. Hobbs said. hut
he could not estimate how graf these
Iincreasea would Ice.
Robert fomans counsel fer the Boss
ton Chamber of Commerce. asked Nj
Hobbs ii he knew who called the at
terrific Of tn saston & Maine diree-
TOR to the fact that the Matual Life
Insurance Go. of New York had for
sale mafe. than $4,000 shafes IL tht
! Worcester. Nashua < Rochester Rail
road. one OF the BOSTON & Atatne
lleased lines.
| Mir. Hobbs replied that he did net.
nor had he heard that the Boston
! Maine directors had authorized the
purchase before tire stock WIS offered
for sale.
Replying To Mr.. Rich. ath4 witness
said that the purchase "a the stock
lof leased lines had been tte profitable
transaction for the Rostpn & Maine
EeprY J. Horn, operating vice presi-
ldent Of The Boston & Maine, presented
Figures 10 Indicate the daily charges
Ipaid on freight ears belonging to eth
err lines.
| Before Mr.. Horn was asked any
Questions. Counsel Rich attempted 10
lenter in the records Of the hearing
Esiened statement from President Mel
len of the New Haven, explaining and
defending the construction of the
+, Hampden railroad. Mr. Prouty re-
fused to receive the statement, Re
thing to say the commission would be
VERY glad to have him appear and say
it.
Vice President Horns testimony
Ibristled with figures. showing the daily
charges for freight cars of foreign
roads, at various rates. The substance
lof his testimony was that it would
be cheaper for the Boston X Maine 10
own its own freight car than 10 rent
them at the present charge of a. cents
Il day Mr.. Horn also ted of improve
mcnts that were being made ana said
lstll others were need d. The railroad
directors, he said, were etaekling the
hardest places first and he cited as
Ian Example the work that is being
done Jon additional track construction
between North Adams AMI Mechanics
|Eilie an Y.
sS:sssdme things .have got 10 be done
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