New Britain herald., 1924-05-21

rates which do not produce a reason
 able profit on such transportation are
 rates too low for producers and con-
 sumers 10 pay in their own interest. ! He said:
 ] yet a large part Of our current economic thought apparently moves
 on the assumption that there is no
 more important element of cost than
 railroad transportation. The moment
 anything becomes unba ianced in this
 complicated organization of ours. you
 can prophecy with absolute certainty
 that the first cry will be for rcduc-
 ton in freight rates. It makes no difference whether the difficulty is under-p productions; too much of market or not enough of a marEet. II makes no difference that the diff cUlties which reduced frci.ht ra:cs are to cure are mutually exclusive, and that if reduced iates were a cure for under production they could not possibly be anything but an aggraNa- tion for over- production"
 Referring to the enactment of the transportation act of 1920. in recogni- tion Of the low freight rates as com pared with the rising values of labor and commodities. MT. Binkerd as serted that there is a national public purpose to be served by giving the railroad industry its fair share of the national income, stating further, that the railroad industry neither expects nor asks for more than its fair share. emphasizing that it cannot be held ! down to loss without evil results.
 Reception Tonight
 Tonight a reception will be given :. the several hundred delegates and members of the state chamber and i, guests by the Bridgeport Chamber of ! Commerce, The program is shroud- ed in mystery and all that the general chairman. Albert F.. I.ayery. will say is that it will be warmly received. i
 Tomorrow will be taken up with de- partmental meetings and general busi- , ness meeting of all the members and delegates and banquet in the eve ming. Hon. Richard T. Higgins, chair man of the Connecticut public utilities will be one of the speak CTS at the group meeting of public utilities and banking and insurance departments. He will talk on Public Utilities as Servants of the People" Samuel Ferguson, president of the Hartford Electric Light company, will talk on Utility Finances" and the ad- vantage of participation of the public in finances Of public utilities.
 James A, McKibben, secretary of the Boston Chamber of Commerce, one of the ablest secretaries in the United States will be one Of the speak CTS at the department of organization meeting. Gaylord Cummin. who is a former city manager of several west nrn cities and whose occupation is ad- iusting the financial difficulties of cit les, will be the other speaker at this 
 A very important part Of the an- anal meeting Of tho chamber is the dinner of the mercantile interests of he state, which is held at noon, At his meeting Dr. 0. r.. klingaman, di- rector ot the Bureau of Research and of the National Dry Goods association, will be the speaker. There win also be a round table dis 'ussion on the subject of The Eco- iomic Place of the Retailer" led by 'harles NJ. Walker of the Charles Munson company of New Haven.
 Tine annual banquet will be held in Inc ballroom Of ihe Stratneld hotel, Thursday evening. Senator George II. Moses Of New Hampshire. one Of the 1tg seven in the senate. will discuss he subject of Taxation" In view of he passage of tho bonus bin and its ,oncral effect upon the financial tructnre Of the country. if is bee ioNcd that Sengtor Moses will have ,
 very interesting message.
 Fun for the evening will be fur-