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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
May 01, 1914
Page
4
Louis D Brandeis in the 5 per cent advance rate case says Eastern railroads show net income and operating revenues smaller than warranted by their prosperity and public welfare. Washington April 30.
Brandeis urged increasing carrier revenues without broad rate hikes and cited eliminating shipper allowances and free services as a path. Clifford Thorne argued railroads reported strong earnings and robust credit over four years, countering the proposed rate advance.
August Belmont, president of the Cape Cod Construction Company, told the Boston Chamber of Commerce that the canal will reach 20 feet depth by July 2 and be ready to accommodate liners by November. Stereopticon photos of construction were shown. Other speakers included General Hugh Bancroft, Commodore J. W. Miller, and William B. Parsons. about 100 members attended.
Mineola L I April 30 Ernest Bosca former Hempstead town treasurer pleaded guilty to loaning himself 35000 from town funds against his own property valued at 20000 He was remanded for sentence.
The United Fruit Company launched a noon sailing of the Carrillo marking a new Boston Havana route. James Gillies of Everett boarded for Havana en route to a pineapple grove and prospective banana orchard on the Isle of Pines. Captain H P Smith praised the run as promising for freight and passenger business, with competition anticipated from other shippers.
Westminster April 30 derailment of 16 freight cars wrecked the local depot and halted Fitchburg division traffic for hours. Herbert Stockwell of Hast Boston is believed to have been riding the train and was seriously injured.
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