The Waterbury Democrat., 1932-01-02
Trustees Plan For
 N. E.. Rail Problem
Gov Spaulding, Chairman of Governors Railroad
 Committee Sees Plan as Only Practical Solution

, tho existing Pennsylvania control of tho Boston and Maine and New Haven railroads" The committee therefore felt, Chairman Spauldtng added, tat tho four-party plan proceedings in tho interstate com merce commission would provide an opportunity for official consid- eration of the matter of Pennsy!- vanIn domination of New England roads.
 The petition of intervention of tho five New England governors specifically seeks, tho statement notes, to secure from the inter- state commerce commission, before 1t gives approval Co the four-party plan, "the stipulation that the stocks held by the Pennsylvania railroad and the Pennroad Cor poration in the Boston and Maine and the New Haven sholud be dis posed of In some manner approved by the commission so that the equality of access to Now England by all four of tho trunk lines and the Canadian roads can be restored or maintained as it existed prior 10 1929. The commission Is also requested to stipulate as q condi- ton to it's approval of tho four party plan that no trunk line shall hereafter hold or acquire stock m New England roads except with the approval of tho commission
 Declaring unequivocally that Cit is not in the best interests of New England to have It's two largest railroads controlled by the Penn sylvania or by any other trunk line" Chairman Spaulding raises the question as to the future status of the Boston and Maine and de- clares that if the Boston and Maine is not to be controlled by the Penn svlvania, there arc four possibii- ities, which are as follows:
 Control by the New York Central railroad.
 Control by the Van sweringea system.
 Consolidation of an independent Boston and Maine with an lnde- pendent New Haven railroad.
 Maintenance of the Boston and Maine as a separate railroad un- der its present management.
 Taking up arguments which have been made in favor of trunk line control of New England's rail- roads, Chairman Spaulding de- clares that "the competition that Is important to New England is the competition at the gateways. among the various United States and Canadian lines," and that "un- der trunk line control this freedom is bound to be much restricted and to the damage of New Eng land shippers" Referring to tho argument that trunk line cortro would develop New England's sea ports, Chairman, Spaulding's state ment holds the opinion that "thos' who pin their hope Of such devel' opment on the benefits that ar' likely to accrue from the contro of the Boston and Maine by tho Van Sweringens would be doomed to bitter disappointment shoulf their plan be realized" He add that the Van Sweringens haV' terminal interests at other thar New England ports. as do also til' PenDsyIyania, Baltimore and Ohit and the New York Central.
 Attacking the claim that "if tb' New England roads are not turnef over 10 the trunk lines. New Eng land will be isoinied from the ret' of inc country" he declares tbn' this argument "is purely rbel0fl' cal" He points ODi that inc Nes Haven railroad and inc Boston ana Maine railroad "baye ibDs far eoni' through ihs depression fllly A' well as either Inc New York Cen frai or ihe Baltimore and Ohio - trunk lines sf greater repuied finaneiai strength --aDd thelr post. lion is mach better ihan that 0i ibs Erie. Nlekei Plate 0r Pore Mar aietie. which are owned bf ih' Van hwefinRenf," thbirnlhi apnuidina's tlaifment adds thri ''ihs i'ennsyItnnln rniirohd hn' been g0lna through ( period 0f " pnnsl0n Involving tremendous ef'