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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 2, 1962)
. i fo!?c Investigating -Theft at Truck Sfeij Medford police are invest!-, gating the theft of between $400 and $300 from a, petty Railway Bankruptcy May Speed ICC Merger Cases MedfordlWTribune BY GEORGE C. HARLAN ident Kennedy handed Con 30's. More than 30 big roads, The ills of the New Haven taken proportionately more business away from the New England roads than elsewhere because trucks operate more efficiently than railroads over the short hauls in the region. Unlike most roads, the New Haven's freight traffic reach ed a point where it no longer could absorb passenger and commuter losses. About one third of the lines' revenues come from the money-losing movement of passengers. gress last April. Two key pro visions would grant the rail roads greater freedom in set ting competitive rates to re capture freight business lost to other carriers, and provide grants to mass metropolitan transit facilities such as the New Haven. First Since 30's The New Haven is the first major independent railroad to become bankrupt since the including the New Haven, went broke in the depression of that period. But they re turned to solvency on the heavy war-generated freight traffic. However, the economics of railroading have drastically changed since the war. Rail freight revenues have steadily declined while labor and equipment costs have sky rocketed. are symptomatic of those be setting the rest of the indus try. Since 197 rail freight traf fic has declined an average of five per cent but the New Haven's has plummeted 33 per cent. This sharper drop reflects the shift of heavy in dustry from New England to the South and the loss of busi ness to highway carriers. The trucking industry has SECTION B MEDFORD, OREGON, THURSDAY, AUGUST 2.. 1062 PAGES 1 to 10 Shopping Center Fire Injures 21 Tuesday afternoon. There were no serious in juries reported. Two firemen were hospitalited, Gebhart Schreincr with an ankle in jury suffered in a fall and John Smith from smoke in halation. cash box in the safe at Norrfj Brothers, Richfield Truck St. Cloud, Minn. -W A spectacular fire swept a shop ping center Wednesday, in juring at least 21 persons and causing an estimated $3 mil lion damage. The blare burned through the concrete first floor and roof of a block-long building housing retail stores and oth er buusiness establishments. It was out of control for 13 hours after it started in the basement of the building late Stop, 2390 North Pacific highway.- . ' :.'.-..: , ; The theft, reported by Frep ; Norris Tuesday afternoon, (a believed to have occurred ear lier that day. ' i -. nwinw.n. w-nyy'wwj niinximn.ia ' iim Miiu.i.e,. wswejtwewsa eeuuei I"""" """"'m"'m"' ""''''''"J - j . New York,-VPfr-The 26,000 daily commuters on the New York, New Haven and Hart ford railroad are a hardy breed, whose railroading yarns have few equals. But lor years they mostly swap ped them among themselves. But a year ago this month they suddenly found a . re ceptive listener in the entire iution.'The relatively small Northeast road had gained national attention by going bankrupt. The--development came as no surprise to the harried riders of the line. But it New York -JIT&- "It's just ' like Grand Central St a ' lion." So the song goes. But under the proposed ' New York Central-Pennsyl- Tenia railroad. Commodore Vertderbllt's marble monu .. merit to the Golden Age of Railroad won't be quite the same. " The t vo railroads an nounced last week thai 'If ' the merger is approred. New York Central long-dis-' lance trains will switch to '-' Penn Station. Only commu ' ler trains would run into ' lhe handsome and historic rwe-leTel terminal on Park , avenue. .. In. Chicago, central main line trains also would aban ' den the ornate LaSalle Street station, their present . terminus, and join the Pennsy at the more iunc , lional Union station. jolted the rest of the nation .into the - realization that a vital mode of locomotion was in imminent danger of break ing down. " ' , ' .- . Could it happen here?That was the question asked . in most communities. : .The crisis atmosphere created' by the New Haven's bankruptcy is expected to speed action on' rail merger cases now before, the inter state' commerce commission (ICC). It also will likely prod more' roads into taking the merger route! in search of solutions to their own finan cial predicament. :. ,'Currently, there are. eight "control" applications and four major railroad merger cases pending before the ICC. There are few areas of the country which do not have a stake in their outcome. The major ones are: ; -Welding of the nation's largest rail system in assets by merger of the Pennsyl vania and the New York Cen tral. The merged system would have 22,000 miles of track stretching from Wash ington to Boston on the east coast and as far west as St. Louis and Chicago. ; -Affiliation of the Chesa peake and Ohio and the Balti more and Ohio railroads to form an 11.000-mile network from New York to Hampton Jjoads, Va., and westward to Cleveland, Cincinnati, St. Louis.and Chicago. Three-Way Merger ' -The three-way merger of the Norfolk and Western, Nic kel Plate and Wabash roads into a 7.400-mile system ex tending from Norfolk, Va., to Toledo and Chicago and on to Omaha, Neb. : -Creation of the longest Tail empire - 24,728 miles -by merger of three big west ern' lines the Great North ern, The Northern Pacific and the Chicago, Burlington and Quincy: It would span 17 states from Chicago and St. Louis to Portland and Seattle. . -A two-way fight between the Santa Fe and Southern Pacific for the 1,200-mile Western Pacific for its "gate way" route from the Pacific Coast to Chicago. : The plight of the New Ha ven also is expected to im prove chances for enactment of at least some of the broad I transportation proposals Pres- Contract Awarded for County Trucks Crater Lake Motors. Med ford, has been awarded a con tract for two ton pickup trucks by the Jackson county court. The trucks will be used by the county road department. The cost was $3,875.42. The trucks will be 1963 models and will be delivered in late September or early October when new models arrive. The county engineer's of fice said the bid met the speci fications and recommended the court award the contract. Medford Woman Wins 'Coin Treasure Hunt' -. Ruth E. Herbert, 1826 North Riverside ave., Medford. was named a winner of the "Coin Treasure Hunt'1 featured in the Family Weekly, fortnight ly magazine distributed with the Sunday Medford Mail Tribune. She received a wrist watch for ihe penny which she sent to the contest. The contest in which Mrs Herbert won was in the July I issue of the magazine. A new contest is offered with each publication of the section. Open Friday 9:30 'Till 9 P.M. You'll Be Surprised At the Special Values Priced To Sell Out! Wo's Summer Millinery Out they go regardless of for mer selling price, all women's summer hats you'll find pret ty straws, veils and flower Hats. Don't miss this buy! 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