The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1918-06-10
CONSOLIDATION OF
EXPRESS COMPANIES
Further Information Received by e. M.
Stone, Local Manager Of the Ameri- +
can Express Company.

Further information has Just been
received by f. NJ. Stone, local manager
of the American Express company, in
regard to the consolidation of the ex.
press organizations under the guidance
of Director General McAdoo. The new
company, says Mr.. Stone, will be cap.
italized at $30,000,O00, the actual
value of the physical properties and
cash put into the business. Instead of
having numerous contracts with indi-
vidual railroads for various amounts,
there will be but one blanket contract
with the entire government controlled
railroads. BY this contract, the Ameri-
can Railroad Express company will
collect, insure, guard and deliver ex-
press shipments, ms in the past, and the
government railroads will haul them.
The rates charged for express trans
portation will continue to be under gov;
eminent control
How the general reorganization will
work out for the benefit Of the shipping
public, is tentatively outlined in an
interview given out by George c. Tay-
lor, former president of the American
Express company, and now president
Of the new consultations:
Hereafter the express companies
will eliminate the individual Identity
which has separated them for the last
three quarters of century and offer to
the government and to their joint pa
irons unified, single express service.
| :" Already the vnst terminals now
maintained by the various companies
arc being unified for a practical saving
of time and transfer.
| "The street equipment of between
10000 and 10000 motor and horse vehi.
cles are undergoing a redistribution to
avoid duplication of routes.
"The new move will bring into one
organization over 100000 men now
trained in express service. 1t will be
the policy of the company to maintain
a broad gauge attitude toward it's EN-
ployes, many of whom have spent theil
/ lives in the service and thousands OF
whom have made great personal sacri
fees in carrying the immense burden OF
skabe laststAkaasaea q Ley years. \A>
have been vital factors in the con
veyance of merchandise and foodstuffs
They have eliminated distance and thu
time element between the manufacture
and his market. The new move is de
l SlHucu u improve the ulStTiDutioH "
commerce and agriculture and the bust
ness of the country may look upon i
with confidence that their interests vii
be carefully and intelligently served
"The on-transportation activities o
the separate companies, such as none,
orders, travellers cheques, travel de
partment, foreign exchange, and bank
ing, and their respective foreign OF
CARNATIONS which are Of internationa
magnitude, will not come under the cor
solidation, but will be conducted by tn
individual companies as in the past, tn
offices of the new company acting q
agents for the old companies in th
handling of these features.
Mr.. Taylor, who win be the guidin
hand in the new alignment, has hel
practically every position in the Amer
can Express company from the lowe
to the highest. While vice presidel
and general manager of the western d
partment, with headquarters at Chicag
he was brought to New York and mat
president during the critical perit
through which the express compani
passed four years ago; and after an u
hill fight developed an organizatit
which handles today several times Il
volume of express shipments handle
prior to his becoming president. T
ranks among the youngest of the b
executives of the country.