Norwich bulletin., 1921-04-05

sociation of Owners of Railroad Securi- J ties. in cooperation with the represen- tatives fthe Big Four railroad Broth l erhoods and the shop crafts and teis- graphers, today took steps here 10 bring about an adjustment Of the present rail- road situation. which was declared to be obstructive and impossible
 After an all-day conference. s. Davies Warfield. president of the association, and Warren s. Stone, grand chief of the Brotherhood of Locomotive Engineers, i spokesman for the railroad employees, in joint statement said that both sides feel convinced that d solution is practicable. and through proper cooperation between all parties in interest and governmental agencies charged with the responsibility in these matters there should be avoided any further substantial delay in adjusting this situation"
 While the statement did not set forth any plan to be pressed in the next con- gress. it is understood that the labor leaders were favorable to the "Wsrfeld" plan of railroad control which has been
 proposed by the Security Owners Asso-
 citation. This plan, submitted by Mir. l Warfeld to the interstate commerce com j mission at Washington last month, pro- l vides for a national railway service di-
 vision of the commission and four re- | gional railway boards to supervise the ,i management and operation of the rail-
 road system. It is designed to co-ordi- nate facilities and bring about greater ef- liciency and economy in railroad man. lagement and operation.
 b The statement said that the conference
 today did not deal in detail with wages 4l and working conditions" but 1t was
 learned that the railroad representatives
 made 1t plain that the adjustment of the situation could not be made at their sole expense, especially If the proposals were
 not accompanied by comprehensive meth
 ods that will lead to general economies
 In railroad management and operation.
 Asked as to how 1t was proposed to
 force the railroad executives to recognize any plan proposed by the conference. representatives of the railroad security owners, who claim to hold twelve billion
 dollars worth of railroad securities. said I:
 We have decided to bring about so- lution of the situation and while no, ready to make known our plan of pro- [ | to act It must be remembered that
 s350. oO0. 900 worth of railroad securities
 mature this year and that practically none of the roads are making sufficient revenue to meet their fixed charges This certainly ought to indicate where the se- curities owners can do some good"
 William Johnston. international presi-
 dent Of the International Association of { Machinists. declared while some plan might temporarily avert crisis st this 2 time. the only permanent solution of tho s situation was government control of tn,
 railroads. Mir. Johnston attended today,
 conference as the representative of all a the national and International unioni f whose members are employed in railroad ] shops.
 l After the conference representatives
 ot both interests expressed themselve.
 as well pleased with the co-operstiv. = spirit shown in the meeting. and Ii [, s understood that they agreed to attend r another session al any time 1t may bs e come nAcessarv nt the call of the chair
 man. Mir. warheld.
 The subcommittee representing the f association at the conference ronsiste, y of Mr warfield who is president n e the Continental Trust Germany. Balti- e more; George R. Brock of Boston. pres
 ident of the National Association Of Mu
 tual Savin@s Banks: Samuel 1T Beacl . of Rome. V. Y, ren-esentinT Louis F h Butler. president of the Travellers Insur e ance Company. Hartford. Conn: John .. W. Stedman. vice president. Prudentia 7. Insu-anca Company. Newark. N T.: Ha
 ley Fisi<e. president Metropolitan Tiff l. Insurance Company. New York: Fordne e Johnstown. Of Washington. n. C.. rer Il resenting Myron T. Herrick. president Q {. Society for Savings, Cleveland. O.: R
 P. KinEslev. president New York L'f
 Tnsurance Company. New York: Iohl -s J. Pulleyn. president Enirrant Tndustri7 ,f Savings Bank. and president New Tor d Savin~s Bank Association of the State Q ,e New York
 The resnective investment institution
 Of which the sub-comrittNs nnn1hers ar E. officials own about s1.ooo .soo.ooo e d railroad bonds alone
 l. The four b-otherhoods wore rApress-i " ed bv Mir. Stone. L. F.. Sheu9nrd. O,
 der of Railway Conductors W. z. Car
 ter. Brotherhood nf Locomotive Fireme |, and Fnrinemen F. T.. Cease. r-n->zer k in= Mir. Lee. Brotherhood of Raflroa m Trainmen. The shop crafts were r-prs to scented hy Mir. Johnston. and the Rar 4 road Telegraphers by B. J MannInn.