New Britain herald., 1914-07-14
|RITICISM OF RAILROAD MANA
 GERS

Is 1t not time for the people of
 onnecticut to take a sensible view
 the New Haven railroad business
 s it has been carried on for years,
 he methods employed to spend money
 nd the returns received for 1t? There
 an, apparent attempt being made
 ow to, characterize the whole pro-
 eedings as a political scheme and to
 riticise the government for its per-
 tstence in forcing this corporation
 iive,up to the law as it has been. and
 now being interpreted. For it to
 hose its eyes, however, to reckless
 css of the management as result of
 mich the stock of the corporation las been greatly reduced in value
 Ind the revenue of the investors talk
 n from Athem would be as wrong
 Is the act complained of itself; for he government to remain inactive regard to that sort of 8 thing
 Fould be to practically sanction loose hetl1ods, waste and perhaps some hing worse in public service com-
 anies, allow those sharp financiers laugh in their sleeve at it; lead hem to conclude that they had fooled
 and all others with similar notions
 nd could go ahead, pile up money It the expense of other investors and
 ct away with 1t. Wasteful manage nent is hardly the proper term to
 pply tot of the deals pulled of
 nd the Interstate Commerce com nission evidently has no idea of al- owing those who did it to escapes Get that the road would continue to Fay eight per cent. dividends when 1t {nust have been known that the time Eas fast approaching when 1t would 3 ot be able to do so. when in fact the
 resent difficulties must have been oreseen and when the prediction was 1ade evidently with the sole pur- l sose of keeping up the courage of he stockholders and enabling those tho were intrusted with the man. .gement of the railroad property to |ain time to cover up. It is a pity hat, such a valuable piece of prop 'rty should have been dragged to Siecess and the real owners deprived f their earnings. Any effort which ends tot give the road chance to tet uponAits feet again deserves sup $ort. but that should not be allowed b extendf to those who did tho hulcting. They, should not be per- |hitted to escape.
 The proposed proceedings by which is hoped, to obtain the return of he money wrongfully taken from he road is poohpoohed in some slaces: the prediction iss made that here will be nothing toiit but fat |ees for the lawyers and nothing for he stockholders. This may, be so; one an tell better. however, when the ourts have given their decisions, but here will no doubt be one result in hat there will be not more extrava- Ba1t c4QcuQlIuTSS Ol NI&OQ0ys dnO n Sotable absence of paidA Aagents around he capitol at Hartford in the future Fhen the legislature is in session, and high finance will be given such care that it disciples will be ex- 'remely careful what they do with bther peoples money intrusted to heir keeping. Just what the effect 3uch a suit will have upon the affairs bf the road at present Is difficult to lay, but 1t ought to have O good ef- feet n the end for the reason that 1t kannot injure the property any more Ind it may he the means of returning Lome of the money that belongs to N and which was wrongfully taken by the peculiar nianayers.l FRESH AIR FUNDS.
 u,t.rra ara the days for the fresh