Evening star., 1932-07-22

all the rest of the line but the Chesa-
peake e. Ohio is granted trackage rights
from Binghamton to Chenango Forks.
The fight of the five New England
Governors and powerful business in
terestS in the Northeast brought part
of the results desired. This involved
leaving some of the New England Gate
way Bridge lines with New England
companies and declares the Delaware &
Hudson an independent system.
The Lehigh & New England was
tens. The New York, Ontario & West
ern was left with the New Haven sys-
tenn, and the Lehigh g. Hudson River
allocated to the Baltimore g. Ohio.
The biggest point in the New Eng
land situation, however. was the de-
mand that the Pennsylvania be required
to stay out The commission said the
New England situation as it relates to
the two systems created in that section
under the original consolidation plan
and possible trunk-line penetration
should be left for consideration at
later date
1t said that probably Pennsylvania
absorption of the New Haven would
please New England interests, but ex-
pressed doubt that this road should be
allowed to become too much larger than
its competitors Absorption of the New
Haven. the opinion held, would make
the Pennsylvania "a per cent larger
than the Baltimore g. Ohio.
AS result, the commission. fearing
long delay might make it legally help
less, ordered the Pennsylvania and its
subsidiaries to sell or place in the hands
of trustees all of the stocks they own
;,,% n,
Loree Scores Victory.
The Delaware g. Hudson decision,
though taking away from the Boston
g. Maine system bridge line New Eng
land officials thought to hold is VIC
tory both for New England officials and
L. F. Loree, last of the oldtime railroad
operators. Loree controls the Delaware
& Hudson and the Kansas City South
ern. Through his representatives he in
formed the commission that his rail-
road was not for sale. He seriously
four big companies to swing the deal
they had on. He insisted that his road
should be let alone.
The Seaboard Air Line Railway,
which the commission attempted in its
1929 plan to include in a separate sys-
tenn with the Wabash and the Norfolk
& Western Railway, is left as an inde-
pendent system.
The Virginian Railway, a rich coal
carrying line, which the Chesapeake &
Ohio and the Pennsylvania sought to
divide, was ellocated by the commission
to the New York Central system
Commissioner Eastman's dissenting
opinion, in which Commissioner Nc
Manamy concurred, asserted that the
fcur-system plan has slaughtered the
plan for the entire country which we
set up in 1929 and that it must be made
over again"
Objections Are Stated.
He said the Seaboard Air Line and
the Mobile & Ohio, in receivership, had
been left to shift for themselves; the
Chicago & Northwestern left in solitude
in Western territory" and the New
England systems deprived of most of
the so-called bridge lines. He also
pointed to the removal of the st. Louis
Southwestern from the Illinois Central
system and its transfer to the Southern
Pacific
Referring to the majority opinion
that the Pennsylvania must turn over
to a trustee or sell its New Haven and
Boston & Maine stocks before it can
proceed with the consolidation, Eastman
said the majority action was weak, add