Norwich bulletin., 1913-10-01

G1IAIe WDlcn IS so O6ICaGely auJuStSu and without any demoralization, be- cause any disturbance of this tranS- portation machine reacts in many di- rect1onS. ] hope that if we should be unable to agree among ourselves we can arb1trate the matter in an orderly way before those tribunals and courts which have been created for such pur- poses.
 Complaints About Rates and Facilities.
 Important complaints about the rail- road generally arise from. first, a de- sire of one person or community to have better rates or better relation of rates than mas some other person or community. These complaints can be adjusted only by expenditures of very large sums ot money, which. of course, can be obtained only by earning it or by borrowing it Borrowing cannot continue inde finitely unless the rates received for service-taXes interest and a sufficient margin to permit some improvements to be made each year out of earnings and some return to the owners of the securities.
 Financial Advice.
 In managing a railroad just as in any other business, different kinds of talent and ability bust be emp1oyed to safeguard the business engineering talent, operating talent, commercial talent and financial talent. The man agement of the New England lines wants to use the best financial talent it can find to help it in raising the money needed It wishes to employ those bankers, no matter where they live, who can do the work It would prefer to employ bankers in New fork and Boston who naturally want to help the development of the country and of the reads. The management of the properties will be more than pleased it New England bankers, banks and investors will furnish their full share of the money needed now and in the future and will assist in ob- taining that money in the markets of the world
 Arrangements must be made be- tween now and June 1, 1914, to pay off Or renew obligations on the New Haven road of $46,023,7 ,750, and on the Boston and Maine and Maine Central of $29,000,000, and new money should be obtained for use in the next eigh- teen months to buy equipment and $25,000,000 for the New Haven and $15,000,000 for the Boston and Maine. The total O. these requirements is $115, 100000, and the best financial ability is needed to handle the mat ter, whether in New England Boston, New York, Philadelphia, London, Paris, Berlin or in all these places. AL ready with the aid of bankers in BCs- ton and New York arrangements have been completed for obtaining $67,552, 400 for the New Haven road. The money is ready and win be paid over to the company in time to meet it's obligations if the public service com mission gives the necessary authority to the company to issue securities for that amount
 New England can and will have the kind of railrcad management and ser nIfa1 for this can be made in three ways first, by some increase in rates; second, by the stockholders, who live in the country to be served, advancing the money third. by borrowing the money needed, wherever it can be obtained
 If and when the money needed is furnished, +he management proposes to spend it pruGentiy in improving and perfecting properties now owned. The management proposes to confine it's activities 70 the transportation busi- ness.
 Development Of New England.
 The complete development of New England's varied resources has not been accomplished New England's s farms must be repeopIed, and a change is going on even now. Progressive farmers and immigrants from Europe are teaching Q lesson which should be heeded-n2mCly, that agriculture and horticulture in New England can be revived and pursued with profit
 New England has had a glorious past and nas had a wonderful influ- ence and power today. Her loyal pub lie spirited sons have always taken their full share of the work in solving the problems of the country. Her own industrial md transportation prob lens will be solved. and all obsta cIes will be overcome if all will work loy- ally together for q greater New Eng land, if all will exercise some of the self denial and patriotism that Robert Gould Shaw displayed when he march ed away to his death at the head of his troops lo serve his country first and his family and himself second
 And so in New England there is no good reason for doubt and discourage ment but every reason to be steadfast, courageous and to Sail on. and on, and on!" and put New England in even higher place than she occupies today morally, physically, agricultur- ally, Intellectually. commercially, in dustrially and financially.