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HEARINGS

BEFORE THE

COMMITTEE ON COMMERCE
UNITED STATES SENATE

NINETY-FIRST CONGRESS

SECOND SESSION

ON

S. 4011, S. 4014, and S. 4016

TO PROVIDE FOR LOAN GUARANTEES TO ASSIST RAILROADS IN ACQUIRING, CONSTRUCTING, OR MAINTAINING FACILITIES OR EQUIPMENT

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Hilton, George W., professor of economics, and specialist in Transportation, University of Calif.

Prepared statement___

AUGUST 6, 1970

Bevan, David C., former chairman of the Finance Committee of the
Penn Central..

Appendixes to statement_

AUGUST 7, 1970

Page

365

366

415

432

435

485-515

Dennis, L. E., Jr., executive director, Brotherhood of Railway and Airline
Clerks; accompanied by C. L. Dennis, international president; and
James J. Kennedy, Jr., legislative counsel....

517

Gorman, Paul A., chairman of the board, Penn Central Co., and Jonathan
O'Herron, executive vice president of finance...
Prepared statement of Mr. O'Herron_..

527

544

ADDITIONAL ARTICLES, LETTERS, AND STATEMENTS

"A Penn Central Director's View: *** Poor and Inept Management," article from the Washington Post--

Chamberlain, C. L., president, Brotherhood of Railroad Signalmen, letter of September 2, 1970__

612

611

Everyone's to Blame, article from the New York Wall Street Journal___
In the Nation: How to Help the Motorist, article from the New York
Times...

549

368

Lennartson, Nils A., president, Railway Progress Institute, statement.. Luna, Charles, chairman, Congress of Railway Unions, United Transportation Union, letter of August 25, 1970..

609

McGlaughlin, J. Raymond, national legislative representative, Brotherhood of Maintenance of Way Employees, statement_.

Nelson, Robert A., Federal Executive Fellow, formerly Director of Office of High Speed Ground Transportation, Department of Transportation, letter and statement of April 27, 1970..

610

609

618

New Haven Inclusion Cases-October Term, 1969, opinion...
Point of View: American Railroads Are at Economic Crossroads, article
from the New York Times....

551

445

Portnoy, Samuel, manager, transportation, Occidental Chemical Co.,
Houston, Tex., statement..

594

Soop, J. Taylor, executive secretary, Railway Labor Executives' Association, letter of June 26, 1970....

610

The Penn Central Bankruptcy Express, article from Fortune magazine...
Too Much for Highways, article from the New York Times..

402

369

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