In summation, let me say to you that, if the railroads are going to keep pace with the growing needs of our Nation within the next 10 years—and I think all recognize the absolute necessity for their doing so under our present economy— then they are going to have to be relieved from some of their present shackles of regulation as brought out in the Cabinet Committee report; they are going to have to be able to take full advantage of available technological improvements which will involve large capital expenditures but, at the same time, reduce costs; they are going to have to be rebuilt in many instances to meet the additional and changeable flow of traffic that will take place, and they are going to have to provide new and better types of equipment that will be required by the users of the service. If the highways are going to require $100 billion of somebody's money during the next 10 years for expansion and improvement, don't you think it makes a lot of sense that the railroads be given an opportunity of spending, say one-fifth of that amount of private capital, so that they can also keep pace with the growing needs of our country, which, admittedly by all, is so essential in both a peace and wartime economy? EXHIBIT No. 13 THE PENNSYLVANIA RAILROAD CO. EXHIBIT D.-Trains Nos. 20 and 21-Operating results in Ohio, year 1955, as operated, and net annual savings in direct train operating expenses obtainable through proposed withdrawal and handling passenger and head-end traffic on other presently scheduled east-west trains Source: Exhibit presented by Pennsylvania R. R. in Ohio Public Service Commission hearing 1956 EXHIBIT No. 14 THE PENNSYLVANIA RAILROAD CO. EXHIBIT D.-Trains Nos. 66 and 67-Operating results in Ohio, year 1955, as operated, and net annual savings in direct train operating expenses obtainable through proposed withdrawal and handling passenger and head-end traffic on other presently scheduled east-west trains 1 Credit. ? Excess savings are due to elimination of pullman cars' return movement on other trains. 3 Profit. Source: Exhibit presented by Pennsylvania RR. in Ohio Public Service Commission hearing, 1956. EXHIBIT NO. 15.-Revenue passenger-miles and passenger service train revenue, class I line-haul railways, 1921-56 Source: Interstate Commerce Commission, Statistics of Railways in the United States. 28621-58-5 EXHIBIT No. 16 (Docket No. 31954 (NARUC-6); witness: Walter R. McDonald) Summary of passenger train discontinuances approved or denied by State commissions, 1951-56 1 The statistics for this State include an undetermined number of commuter trains. 2 Denials, if any, not reported. 3 No jurisdiction. Statistics not maintained by this State. |