. Electric railway journal . come and expenditure controlled, theycannot help themselves. But entirely independent ofequitable grounds, business policy should dictate promptrelief as a war measure. Unless it is afforded, receiver-ships in a great many cases are bound to result, withwidespread injury to credit because of the extent towhich utility bonds are held for investment, as wellas with injurious effects on service which is necessaryto war workers. In other words, an amendment to thewar finance bill or a reinterpretation of it so as toafford direct relief to utilities is justified on both


. Electric railway journal . come and expenditure controlled, theycannot help themselves. But entirely independent ofequitable grounds, business policy should dictate promptrelief as a war measure. Unless it is afforded, receiver-ships in a great many cases are bound to result, withwidespread injury to credit because of the extent towhich utility bonds are held for investment, as wellas with injurious effects on service which is necessaryto war workers. In other words, an amendment to thewar finance bill or a reinterpretation of it so as toafford direct relief to utilities is justified on bothethical and practical grounds. The government shouldstep in, both to lend credit and to assist in increasingrates that the roads shall be more nearly self-supporting. 1180 Electric Railway Journal Vol. 51, No. 25 The Fuel Problem and the N. E. L. A. National Electric Light Association Held Two-Day Convention Last Week at AtlanticCity for the Discussion of War-time Questions—PrinciplesCovered Apply to Electric Railways Also. HEADQUARTERS OF THE N. E. L. A. CONVENTION AT ATLANTIC CITY, JUNE 13 AND 14 AWIN-THE-WAR Convention was held by theNational Electric Light Association at the HotelTraymore, Atlantic City, on June 13 and 14. Thesessions were held in a hall within the hotel. Theattendance, which was about 300, was very representa-tive. The keynote of the convention was that of patri-otic service of men and companies. This thought wasexpressed in resolutions presented on Thursday after-noon by the committee on the presidents address,Samuel Insull, chairman, which said in part, in refer-ring to the war: With a realizing sense of the stupendous sacrificesinvolved, but with an abiding faith in the ultimate re-sult, we pledge all that we have and all that we are tothe holy cause. Thursday Session The presidential address of John W. Lieb not onlydiscussed the work of the year but presented also astrong outline of our national ideals and unswervingpurpose in the war. Defining the e


Size: 2587px × 966px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No

Keywords: ., bookcentury1900, bookdecade1900, bookpublishernewyorkmcgrawhillp