Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-07-10
System Condemned in Unmeas-
ured Terms for Wasteful
Financial Management.
SHOULD RELEASE The B. & N.
Ownership of Trolley Lines and
Control of Allied New Eng
land Railways Cause
of Rebuke.

Washington. July Financial op-
erations of the New York. New Haven
& Hartford railroad, it's ownership Of
trolley lines and control of allied New
England railways, are condemned in
unmeasurcd terms by the interstate
commerce commission in the report Of
it's Investigation made public here to-
day. The commissions conclusions
are:
That the "outside" financial manage
ment has been "wasteful in the ex-
trome," and that had the New Haven
confined itself to actual railroad ac-
tiNities under the same conditions that
prevailed in other respects 1T could
have paid "A dividend of eight per cent.
for the fiscal year 1912 and carried to
surplus account Sl,794,O00 instead Of
showing delici, of $93o,0OO"
That the New Havens agreement
with the Boston & Albany is "viola-
tive of the spirit of the statute AGAINST
the restraint of competition and should
be cancelled" In our opinion" saws
the commission, this line should be
kept entirely free from New Haven
VI
nnt 'he New haven should divest
i.Se'I OF lts trolley lines not because
the present ownership is in violation
VI "a" "ut because such ownership
might be used to prevent tho building
Of competing lines in the future.
Ihat the Boston d Names merger
with the New Haven, If permitted to
s'aha' VIII result in "an almost eX-
CiuslVe monopoly OF transportation
iaciiitles by railroad in the greater
part OF New England
ma. passenger train service, without
Y"nS'ncrlhE @fety OF operation. on the
New ltaNen' is distinctly better than any
'"' entering New YORK. ana that
~ we BOSTON " Maine equally as good
""'" roads however are criticised adj
'''S''' i"T 'ach on steel cars.
FREIGHT SERVICE UNRELIABLE
That tbo rro,,,A. .,.,
+o, & N,,,,,. .ta ,,,,,,., '',' '''
| tb,. of ai,t,,. 49,, n..,..,.. ''''
Balti,ooro G. o,ia ,.,,ti. Wv
tIayor &c ,,,oht,,. ,,sa,to.,
yont, h,, .ta,,, u','''H
r2ol,i,,o,, g. o,t,o '" Wv
-rb,, no.yo,,,.,. f,,.,. -, ~. 49,.
ho,o hao,, ,r71.,. ta',,.un,. l-''9 ''''
t,aval,,g nrh,t', ,han ~ .,, t.'D 'o d"
tior Of tb. t-,,,od c,a,a
Tho. "or,. ha.,or,,,, ..,..,
ditions in New England must begin witt
'"e insurance t''at the Ne" Haven man
"S ''''"' wa! a '"' oi"A PF"u'htlY' but
a." "''"'h '"e ie''er ana the spin
~ '"e Ia"
-N' "'"'' WIS 't"ne ny IN" commission
"u' ]" "S "lIiIoh' the l"iIoWing prop
''''''.'' ""''" nave "d'Iohul appllcatol
~ "'I 'o'uS' ne AZ 'he foundation
VI i''''"a" r'euiauoh'
EN'rN Interstate falnoau should b
P'"''"'''' rom 'Apehdihs money or In
nus i"'''''''H or ACQUIRING nropert'
n"' III '"' operation OF us railroad
= ~ t''V HN'""'"'' Improvement extension
Ut ueNel"pfh'nt oi that railroad
40 'ht'rs'at" rairoad should he per
fht'ed 10 lease or purchase any othe
'"'''oau' nor l" acquire 'he stocks @
S''"'l'eS oi any other RAILROADS nor I
/ LN"' ""'te tH' Sdi''' diroc'N or IN
; ""'''!' WITHOUT 'he "Ppr"NM "i IN
''''ra' government
y" St''NS OF poiluS Sh"uId p' issue
"N an Interstate FhIlroad except TOR IN
l'"iP"S'S Sahcuoied III thc Two precedln
Iai"ET"phS' ana none Sh"uId ne issue
"i'hoHt the dPpr"Val or the FEDERAL gov
crnment
INQUIRY BEGUN YEAR AGO.
> .,, -
t ....,. ,,',,,,. ,,...,,. 80 r "' '1p"' Wv.
""' 'N1" ""''' " ''"' "H' 'S wv WI
.'a '".' - ~
sequence VI m"''''io"S anu P'''S'S''i
{ ,'''''"''',' ~ '''' ''' ,"','' - ~ u''
r "'"9 anu S'' ,''' ~ ~" '"Ni'""'
Yrs ,'' ''',"' ~ '''0''S',r" wei
'h' N'" '"'N, '>'N INV" i"''i"''
'"' eoS'", ""'',' an" ','' ""'''
'rHI Ni"'''"S "c'' "oN"''" !" rNo'''''"'' ~
" "ooNS an" accounts anu OF u"H' WEI
u'N"''" /" P""i' "e"l "lSS' III '"' 'o"''
or Whl'h NOR" thHh o'"" P'ReS "i test
hohN were '"h'h'
the report Is dIVi'en un"'r '"ur Eoi
eraI h'a"S' service N'''S' T."
ah''s ana ne Nen'"S' N""'l''Ss'o'
"r ifoutN' Wh" h"" hoN"''u "'"'" "i u