The Marion Star from Marion, Ohio • 7

Thursday, March 15, 1973 THE MARION STAR 7 Saxbe Would Nationalize 7 Northeastern Railroads Sn Quantity Rights Reserved iiiniSSi B. -V "V-k mini i i I i i Look At link's Ion! This is just a sample of fhe many items that you can save even more on. Buy Now! At Rink's Saxbe said he had no illusions that the government could operate the railroads profitably. "I would like to think they (the northeast roads) could be put on a profitable basis but seeing the Postal Service, I'm doubtful," he said. "I'm not at all optimistic about the ability of the Government to run the WASHINGTON fAPj-Scn.

William ShxIk Ohio, Wod ncsdiiy proposed 'that the Rovernrwnt nalionalie seven financially ailing railroads) in the northeast United Stales. "I have come to the conclusion that the government is fining' to have to take over these railroads in the future," he said. "Unless we move, all we're going to have is a streak of rust and a pile of junk," he added, saying the roads are deteriorating under the current leadership. Railroads that would be affected under Saxbe's plan are the Perm Central, the Erie Lackawanna, Reading, Lehigh, New Haven, Boston Maine, and Central of New Jersey. Saxbe's bill, which he said he would introduce later today, is the fifth bill introduced this session to handle the crisis In rail transportation in, the northeast United States, All other bills have proposed that the government either buy up the railroad's right-of way and terminals and lease the track to the roads or that the government allow the railroads to get rid of the economically unfeasible routes.

Saxbe said he did not expect his bill to pass this session, saying "I know that any bill I put in will be followed by bills put in by the majority and probably mine will be lost. "All I'm doing," he said, "is putting this in with the idea it'll stir up some interest." railroads. It's a last resort," he said. Saxbe said Standard and Poor had estimated it would cost between $3.4 and $4 billion to purchase the seven ailing roads, He acknowledged this figure was disputed by several of the roads, saying; "Penn Central estimates the cost of their equipment at $4 billion alone but the people in hell want ice water too." p- With BSR Mini RECORD CHANGER! sm mm COLD BEER WINE TO GO! Groceries Party Supplies Luncheon Meats We Accept Food Stamps "We Have Red Pop!" Not every Toastmaster makes great toast Ships To Get Mail Delivery In Midstream ANNEX PARTY STORE 427 W. Center St.

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