The evening world. [volume] (New York, N.Y.) 1887-1931, 1913-07-09
new HAVEN ROAD
WASTEFUL, SAYS
COMMERCE BOARD
Might Have Paid 8 Per Cent.
Dividend and Had q Surplus
t. Instead Of Deficit
BIG LOSS ON TROuEYS.
Should Divest Itself Of OAmer-
ship and Cancel Agreement
With Boston and Albany.
BIG LOSS ON TRCfLEYS

WAMdnNUTONs July H-Hvueuoiu
operations Of the New York. New
pavsn and Hartford Railroad. IL own.
srship Of trolley lines and control Of
allied New England rail ways. are con-
deemed In unmsasured terms BY the
hibernate Commerce Commission In the
ssport Of it, Investigation made public
here to-day. The commissions conoiu-
s,eas are:
that the outside financial MANAGE
0snt has been ''wastsful In the ex-
trsme." and that had the New Haven
confined itself to actual railroad activi-
Gss under the same conditions that
prevailed in other respects 1T could
have paid . dividend OF per cont for
the nscai year 1919 and carried to sur
plus account N.7s<.oo0 instead Of show
ing Q deficit OF seoo. ooo."
That the New Havens agreement
with the Boston and Albany In "vio-
Dative Of the spirit Of the statute
against the restraint Of competition
and should bs cancelled" In our
oeinion." says 'he commission. this
nns should b kept entirely free from
New Haven control"
SHOULD GET RID or ITS troll.
LEV LINES.
That the New Haven should divest
itself OF ks trolley lines. not because
the present ownership 10 In violation Of
Law. but because such ownership might
b used TO prevent the building Of COM
psting lines In the future.
That the Boston and Names merger
with the New Haven. II permitted to
stand. viii result In IAN almost ex-
elusive monopoly OF transportation IA
calities by railroad In the greater part
Of New England"
That passenger train service. without
cons.dering safety OF operation. on the
New Haven. In distinctly better than
any other line entering New York, and
that OF tho Boston and Maino equally
- good. Both roads are criticised ad-
vsrseiy for lack Of steel cars.
That the freight service OF the Boston
and Maine lis much less reliable than
that OF either the Pennsylvania or the
Baltimore and Ohio. while that Of the
New Haven 10 slightly inferior to the
Pennsylvania. but about on . par with
the Baltimore ana Ohio"
That passenger fares In New England
have been more favorable to the local
travelling public than In any other por-
ton Of the United States.
That ANY betterfnent Of railroad con-
litions In New England must begin with
The assurance that the New Haven man
agement Will act not only prudsntiy but.
shove all. within the letter and the
spirit OF the law"
MAKES SUGGESTIONS OF MA.
rioNAL APPLICATION.
No order was made by the Commits.
son. but In It, opinion the following
suggestions. which have nAtionai APP
Daicatlon TO all railroads. lie At the
foundation OF adequate railroad regu-
1ation:
"Dvssy interstate railseaA sAoala
- pseAibdtsl from sxpsndiag
neesy ~ ineassaag liabilities OF
acquiring yrepsssy aot n Tie opss.
a1lea Of ~ railroad OF n ths
1ag1tlnaAs t8provsAs1t, sxteas1on
- Asvsiov1sas Of thai Railroad.
mo Interstate railroad should be per-
0itted to lease or purchase any other
eaOroad. nor to acquire tho stocks or
securities Of any other railroads. nor to
0usrantss the same. directly or indi-
Pectly. without the approval Of the Fed
egAj Government
mo stocks or bonds should be issued
~ IN interstate railroad except for the
OuSposes sanctioned In the two proceed
~ parasrsphs. and mono should b To-
sued without the approval OF the Fed.
0al Government"
The Inquiry resulting In todays 70.
oest was begun about year ago by the
Commiss!on upon its own Initiative, In