SEN. BONE CHARGES POWER TRUST OUT TO GRAB PLANTS
Sen. Bone Charges Power Trust Out to Grab Plants Assails Fake Leagues Formed by Utility Interests WASHINGTON, D. C—An audacious campaign to "grab" the power developed by the government-owned...
...The Mayor then picked up the copy of Contract No...
...lames L. Bamhrick...
...Employers who prefer to deal with weak unions and attempt to weaken unions, are shortsighted, and are asking for...
...Bone Charges Power Trust Out to Grab Plants Assails Fake Leagues Formed by Utility Interests WASHINGTON, D. C—An audacious campaign to "grab" the power developed by the government-owned Bonneville and Grand Coulee dams has besn launched by the power trust Sen...
...Our contract with the New York Stock Exchange to...
...I tried abnVshlng the transit commission and when that failed I tried cooperating ulth them...
...Eliel said...
...Pelly...
...4. "It is one of the largest and most difficult business transactions ever to be consummated...
...How you have been kicked around by those who didn't know what was j^ii you...
...In this western province prices have gone down three times since Sept...
...Paul Ehel of Stanford university's graduate school of business, speaking at the Pabco labor relations college...
...Thomas F. Smith and John W. Haslett, all city officials...
...The result, he declared, was an example business men might well follow in the handling of large scale mergers...
...With him on the il.iis of the council chamber, decorated for the occasion with potted plants, were members of the transit eommission and the board of transportation, and also Controller Joseph 1...
...It's all over now after twenty-five years of negotiations, and tonight we take over the B. M. T. after all these years...
...These 58 smaller communities, which have launched programs to provide decent homes for low-income ! families at rentals well within their ! means, are located In 18 different j states — as far west as Montana and | clear down into Texas—and in Puerto Rico, according to an analysis made public today...
...Delaney in the unification deal...
...Cere monies for the turning over of this prooerty by William S. Menden, president of the company and its subsidiaries, to Mayor La Guardia for operation, and by the Mayor to John 11...
...Members of the Transit Commission present at the exercises were Chairman William G. Pullen and Commissioners M. Maldwin Fertig and Reuben L. Haskell...
...Declaring that the occasion was "one of the happiest in my life...
...10,792 low-income families, or about 42,000 persons, now existing in substandard structures w\ll be living in new lit homes, and paying rentals within the limits of their slim purses, when the 81 projects arc completed and tenanted...
...Mayor La Guardia shook hands cordially with Mr...
...Bone has taken off his coat and has entered the fight with characteristic vigor...
...The B. M. T. Corporation will remain in existence for some time In order to handle the distribution of city securities delivered to it for allocation to stock groups...
...The reason isn't hard to find...
...Dahl said, handing Mayor La Guardia the company's copy of Contract No...
...Paving tribute to the work done by the late Samuel Unitermyer...
...West Virginia, with an estimated population of about 2.400, has virtually completed a project to rehouse 70 low-income families...
...Labor Bargains Held Necessary EMERYVILLE, CaL — A plea for continued collective bargaining was made by Prof...
...1 of last year...
...That step will complete the city's $326,000,000 unification program and mark the achievement of a goal at which various city administrations have aimed since 1921...
...Approximately 11,000 slum shacks and hovels will have been wiped out as menaces to health and safety in these 58 communities...
...Bone said, utility Interests are barking an initiative proposal to permit citizens to vote on issuance oT revenue bonds by public utility districts...
...1, last...
...Haskell, with whom he had several rows during the course of the unification negotiations...
...Homer T. Bone, (Dem., Wash...
...red tape wherever possible...
...Twelve hours later transit unification, so far as the B. M. T. system was concerned, became a reality, with Mayor La Guardla turning the lines over to the Board of Transportation for operation as part of \he New York City transit system...
...The reputation Bone made in these contests sent him to the Senate, where he has consistently supported the "New Deal" power "yardstick" program and was largely instrumental in getting approval of the Bonneville and Grand Coulee projects...
...Stock Exchange Union...
...C.—Fifty-eight cities, towns and rural communities having populations of less than 25,-000 each are among the 187 localities engaged in clearing their slums and blighted areas with assielr.nce of loans from the United States Housing authority...
...Mayor La Guardia said, was facilitated when all parties agreed at the outset to cut...
...He had a large part in these negotiations...
...4 and its related certificates, executed March 19...
...The ceremonies in the chamber consisted of the transfer to the city of Contract No...
...Dahl and his associates for their fairness in dealing with the city and especially for their full cooperation in handling the negotiations in such a way as to prevent speculative fluctuation in B. M. T. securities and to discourage the development of any situation that might '-suit In scandals involving public officials...
...Dahl said that the negotiating group that acted for the city measured up to the highest standards from the standpoint, of efforts to drive a good bargain for the municipality...
...the mayor praised Mr...
...The Controller, he said, had shown "genius'' in handling the financial aspects and had saved the city "many a penny...
...Back in 1912, when a member of the Washington state legislature, he put through the initiative and referendum law over the opposition of big business...
...The college, conducted by the Par-affine Companies Ltd...
...After the formal transfer of title the directors of the New York Rapid Transit Corporation, tile Brooklyn and Queens Transit Corporation and the South Brooklyn Railway Company-held a brief meeting at which they submitted resignations and were replaced by city representatives to serve without compensation...
...of which 90 per cent will be financed with I'SHA loans...
...What ever supposed knowledge of transit affairs for which the mayor can take a bow," he continued, "is due to the sound advice I have been given by Commissioner Delaney...
...The new officers of the three companies to be dissolved are Mr...
...58 Smaller Cities Using USHA Money WASHINGTON, I...
...It would be extremely interesting Bone declared,, to learn the Identity of members of the so-called "league" who started it and where it gets its money...
...Beverly, New Jersey, with a 2.900 population, will complete a project in August, 1941...
...Union (API...
...as special counsel for the transit commission in past negotiations looking to unification...
...Together they own a cooperative wholesale and a coperative refinery...
...4," he intoned, "I knew you null...
...This Is- a fine example of what ran lie done by whole-hearted cooperation...
...Haskvll, the only member of the commission to dissent to the unification plan, issued a formal statement, noting that since the contracts had been signed it was his duty to aid in enforcing them and try to make the best of a "bad bargain...
...Payments Take Half Day The intricate task of making payments to various committees representing bondholders and preferred stockholders was done in Controller McGoldrick's office in the municipal building...
...The total cost of providing the 10.792 safe and sanitary homes for low-income familes In the 58 communities will lie approximately $39,-429,000...
...Battling the power trust is no new experience for him...
...special counsel for the transit commission...
...Delaney as "Mo-torman Nc...
...chairman of the board of transportation were set for midnight at the Times square station of the B. M. T. The rapid transit lines will be run as the B. M. T. division of the New York City Transit System...
...In 1929 he was a leading factor in securing adoption of initiated legislation enabling the people to set up utility districts for the development and distribution of power...
...That may sound like a reasonable proposition, but there is a "joker" in it, Bone said, and added: "Actually, this Is a clever attempt to wreck the public power movement...
...Dahl Compliments Officials Brief talks by Mayor La Guardia and Gerhardt M. Dahl, chairman of the directorates of the B. M. T. and its subsidiaries, marked the exercises in the Council chamber, the mayor's talk being broadcast over WNYC, the municipal radio station...
...The employer who has recoginzed a union "has committed himself to the principle that he deals with human beings entitled to' privileges gained through the mechanics of collective bargaining...
...Stone & Webster and the Morgan-owned Electric Bond and Share Company,* Bone asserted, "control the principal private power companies in Washington and are out to gobble up these Federal dams and charge consumers any price they can exact...
...Three months of negotiations ended with an agreement covering 130 elevator men, porters and other workers, all members of Local 32B, Building Service Employes Intl...
...The consumer in Eastern Canada knows there is a war in Europe, because he has had two price increases in gasoline," the Saskatchewan Cooperative Consumer points out...
...On June 11 the city will take title to what remains of the Interborough-Manhaltan transit system after acquiring the Second and Ninth Ave...
...Edward Palmieri...
...The analysis of those communities with populations of less than 25.000 in which low-rent public housing programs, financed with USHA loans, are going forward, shows: 84 projects have been provided for, most of which are in an advanced stage of construction or have been completed...
...Delaney and Transportation Commissioners Frank X. Sullivan and George Keegan and the directors are Reuben A. Lazarus...
...When we sign an agreement we live up to it...
...provides a 40-week course in labor relations by instructors representing both labor and industry...
...Glory Be...
...Details of the transfer were handled by Chester W. Cuthell...
...charged last week...
...I have received their fullest cooperation and they have had full co-operation from the city...
...That there is a petroleum war being waged In this province, because he has had three price decreases since Sept...
...The transfer of the H. M. T. system properties to the city took place in the presence of a group of 50 persons, with Mayor La Guardia presiding...
...I want to ::ay that throughout these negotiations the mayor, his associates and the Transit commission exhibited at all times the utmost loyalty and integrity and the fullest devotion to the city's best interests...
...Designated by Mr...
...After doing my hest to help get money for these projects, I would fail in my duty as a Senator if I should sit silent while the Wall Street combinrs are planning to reap a golden harvest that would make King Midas look like a pauper...
...the Mayor said...
...McGoldrick, who handled the financial details connected with the payment of $175,000,-000 of 3 per rent city bonds in exchange for the company property...
...Collective bargaining "recognizes the worker as being on a parity with the employer...
...representing the value of bonds later to be delivered to the stock equities of the B. M. T. and its surface line subsidiary, 'he Brooklyn and Queens Transit Corporation...
...i. "The agreement provides eleven holidays for members of Local • 32B and annual vacations with pay...
...The* entire negotiation of the B. M. T. unification plan...
...together with the signing and delivery of hundreds of legal documents, such as assignments of leases, contracts and other rights, occupied the entire forenoon...
...is further proof that Local 32B enjoys the respect of all employers with whom we have contractual relations...
...Announce Third Price Cut in Saskatchewan REGINA, Sask., Canada—The prices of petroleum products continues to rise in all parts of Canada, except Saskatchewan...
...This step was a prelude to formal dissolution of the companies...
...Now that the big dams are near-lng completion, Bone said, the power interests which could not head them off are determined, if possible, to appropriate the benefits intended for consumers...
...NEW YORK CITY—The New York Stock Exchange is under union contract...
...Collective bargaining can be made to work only when both parties are nearly equal in strength...
...elevated lines by condemnation on the following Saturday...
...That job...
...1" of the new division, the mavor was scheduled to start an official train on a run to Borough Hall...
...Now I know how Quezon feels...
...trouble," he continued...
...Paradoxical as it may seem," the Consumer continues, "the more price cutting, the more business for the Consumers Cooperative Refineries.* Orders have been rolling in at a record rate demanding shipments as high as 102,000 gallons a day...
...With the payment of $175,000,000 in interim certificates the city became the owner of the Williamsburg power plant...
...Through a camouflaged "Let the People Vote League...
...This final consummation of negotiations for the city's purchase of the B. M. T. marks the end of 15 years of negotiations in w;hich I have taken part," Mr...
...4 handed him by Mr...
...1913, leasing the city-built subway lines to the B M. T; the signing of a "closing agreement...
...Ours Is the first union in the service field to include in contracts yearly vacations commensurate with length of service...
...Delaney...
...Texas, with less tSian 3,500 persons, will complete two project.- ,t summer to care for GO families...
...Poor old Contract No...
...Mount Hope...
...Included among the smaller communities participating In the current USHA slum clearance and low-rent public housing program are sixteen •with population* under 10,000, (If which three have less than 3.500 population...
...to provide new homes for 71 families...
...Farmers and townspeople, as consumers, own their own gas and oil stations—89 of them in the province...
...and the delivery to the B M T. of an iterim certificate for approximately $10,000,000...
...The mayor's reference was to Manuel Quezon, who fought for the independence of the Philippine Islands for many years and is reported'to have doubts regarding the results of that freedom...
...USHA Administrator Nathan Straus pointed out that such diversity reveals widespread as well as an increased awakening of the nation-to the fact that slums are not confined to the larger population centers...
...Mayor Lu Guardia paid tribute to the work done by Controller McGoldrick and Mr...
...During the term of the agreement the union guarantee there will be no strikes, boycotts or picketing...
...293 miles of subway and elevated trackage, 437 miles of street railway trackage and 239 miles of bus routes...
...Another refinery, more modern and more complete is now under construction at a cost of a quarter of a million dollars...
...Takes A no 111 er Forward Step in Public Ownership NF.YV YOKK CITY—Title to the entire network of subway, elevated, street car and bus lines of the Brooklyn-Manhattan Transit Corporation system, excluding elevated structures already condemned, but including power plant properties, passed to the city at noon last Saturday at brief ceremonies held in the city council chamber at city hall...
...Brooklyn, and then relinquish the con'roils to the regular motor-man, one of 13.000 B. M. T. employes who automatically became city workers under civil service when the city took title to the lines...
...Also present in the chamber were officials of the B. M. T. and its subsidiary companies and lawyers and accountants representing the city and the various groups of holders ol company securities...
...said Local Pres...
...Dahl and gazed at it pensively...
Vol. 10 • June 1940 • No. 23
