Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-21

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Board Of Trade Seeking Area Troasit
Solution. Po9s b-N
former Public Utilities Commits
sioner. and Lawrence A. Ooster-
nous, q director of the Potomac
Cooperative Federation, which
has Endorsed the idea.
Proponents Of the system said
they still are working on ways
TO underwrite capitalization Tor
$40 million in bonds and an
equal amount In stock.
Mr.. Oosterhous has requested
meetings with representatives OF
the Board of Trade, the Mer-
chants q Manufacturers Asso-
citation and the Federation OF
Businessmen's Associations to
explain the cooperative plan.
Trade Board Group Meets
The Railroad and Transit
Lines Committee Of the Board
Of Trade was meeting today to
90 over the whole problem Of
public transportation. The COM
mittee wishes to prepare q rec
ommendation for what should
be. done about replacing Capital
Transit when that company dies
next August.
william H. Press. executive
vice presidents. said the commit
tee plans to meet with Mr.. Han
kin and Mr.. Oosterhous in the
next day or two.
Herbert j. Rich, president OF
the Merchants and Manufactur-
ers Association, said he could not
give q hearing to the co opera
tive sponsors without the APP
proyal Of the board Of directors.
The board does not meet until
October Z. Mr.. Rich added.
Definite Plans
Whether or not they win in
dorsement Of these groups, the
cooperative sponsors said they
definitely will file application for
operating with the PUG before
the October 10 deadline.
Mr.. Hankin introduced the CO.
operative idea at q meeting early
this month. Since then Mr..
Oosterhous has been working
with him toward lining up the
details. Mr.. Oosterhous, 43, Isl
vice president Of the Greenbelt
Consumer Services, operating
three shopping centers at
Wheaton. Greenbeit and Takoma
Park. He is q resident Of the
latter community, has served on
its City Council and as president
of its citizens association. He
had considerable experience as
a transportation economist in
Is years with the Government.
Explaining their plan yester-
day, Mr.. Hankin and Mr.. Ooster-
hous highlighted these points:
Once organized, the cooper
alive would stand on its own
under the name of the Metro
politan Cooperative Transit,
and would eventually be an all.
bus operation.
Board Of Directors
To serve on q peculiar and
interesting" board Of directors.
they would ask the District
Commissioners to appoints two
members to represent the gen.
eral public: the Governor Of
Virginia to appoint one member
to represent the people Of that
State and the Governor Of Mary
land to appoint one from that
State.
Another director representing
business would be named by the
Board of Trade, Merchants &
Manufacturers Association and
Federation of Businessmen's As
sociations. The local organiza-
lions Of the CIO and ALL would
name q labor member. Twelve
directors would represent bond
holders and members stock
holders) and the remaining two
or three would be the top CO..
operative officials.
The cooperative would be an
integrated, efficiently operated
service with one fare for the
entire system, including the lines
in Maryland and one proposed
TO the Pentagon. The fare would
be less than the present one Of
Capital Transit.
Service would be speeded with
rush hour express lines operat-
ing at IS miles per hour instead
of the present 8 miles an hour.
Special low-fare shopping routes
are proposed for the downtown
area, with other shopping lines
See TRANSIT, Page AS