The La Crosse Tribune from La Crosse, Wisconsin • 22

La Crosse Tribune, Tuesday, May 22, 197923 Investment by rail line workers urged WASHINGTON (AP) The financially troubled Milwaukee could be saved if its em ployees were willing to invest $50 million, the chairman of the Senate Finance Committee said Monday. Sen. Russell B. Long, D-La said he might recommend a fed- rate of $500,000 a day, he said. To attempt to operate the entire Milwaukee Road for the balance of the year will require $80 million to $90 million more than the railroad itself will be able to generate, he testified.

I believe that the core of the Milwaukee might require only $20 million, he said, and perhaps an additional $10 million later in the year. The plan calls for the Interstate Commerce Commission to direct other carriers to provide service as needed on the routes which the Milwaukee would drop. The Milwaukee Road is the' seventh-longest railroad in the nation and has about 10,000 employees. It filed for reorganization under federal bankruptcy statutes in December 1977. A reorganization court heard the trustees petition May 4 and is expected to provide a ruling soon.

But the ICC argues that conditions do not exist which would allow the court to embargo thousands of miles of track. ICC chairman Daniel O'Neal said his agency wants to direct rail service only as a last resort because of the expense it represents to the federal government. The law requires the government to pay a 6 percent profit and reimburse carriers for losses they incur if they are operating at ICC's direction. eral guaranteed loan program of up to $250 million if employees were willing to invest also. But Stanley E.

G. Hillman, trustee for the railroad, said he doubts it is possible to operate the entire system without a large infusion of funds $1 billion. Hillman appeared before a subcommittee to explain a costcutting recommendation which would reduce the Milwaukee Roads extent of service from 2,500 miles from 9,800 miles. The Milwaukee Road is bankrupt," Hillman said flatly. To save any part of the system, Hillman proposes it be allowed to abandon most of its roadbed west of Minneapolis, leaving a core service area of Illinois and Wisconsin with links to Louisville and Kansas City.

Snyder told Long that three-fourths of the 20 unions he represents like the idea of employee ownership, but that it would take half a year to develop a plan. Long said the $50 million in employee support which he proposes could come from $300 million which employees would receive in labor protection payments should the railroad cease operations. Hillman said thoughts of salvaging the company financially are wishful thinking. It lost $100 million between 1975 and 1977, and it lost $82 million in 1978 alone, Hillman said. Those losses are continuing at a SAVE when you buy RaiSINBRaN So many raisins -you can get raisins 1 in every spoonful STORE COUPON Chamber to hold hours in West Salem lb tbe retailer Central foods Como Minin W'ii (funtiu'Se you O' ln? 'i(P value ot tns coupon phis nan 0 i you 'tee vr pn t'te sa o' spec to product and upon 'pqufst you ShDnnt evidence ine'eo' sal s'acto'v to General food.

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Hours are 1-4 p.m. Minnetta Huxsahl, chamber administrative assistant, has been named West Salem coordinator. The West Salem office was opened at the request of some West Salem Chamber members and with the approval of the West Salem Business Association, according to Bill Kratt, chamber president, and Bob Ka-sparek, president of the West Salem business group. They said the chambers West Salem office could provide a link between residents there and the Chamber and could shorten response time on consumer and small-business inquiries. Tourist information also will be available at the chamber office.

SavellS when you buy any size vmtxm i OOGFOOO MM, BEEF. CHICKEN and LIVER FLAV0RS.ALL IN ONE BOX COUPON EXPIRES AUGUST 31 1979 WEST SALEM, Wis. The Greater La Crosse Area Chamber of Commerce will hold office hours in West Salem on the second and fourth Wednesday after- Sen. Byrd to speak at Milwaukee dinner MILWAUKEE (AP) Sen. Harry F.

Byrd an Independent from Virginia, has been scheduled as the main speaker June 9 at a dinner held in connection with Gen. Douglas Mac-Arthur Memorial Week here. MacArthur, who commanded American armed forces in the Pacific during World War II, lived a portion of his boyhood years in Milwaukee. A statute of him is scheduled to be unveiled here June 8. Organization to aid handicapped campers Aid is awaiting handicapped persons who would like to attend camp this summer.

United Cerebral Palsy of the Coulee Region, 20 Copeland will assist with camper-ships, according to Virgil Thompson, president. Persons interested in camper-ships may contact the organization, providing name, name of camp, and camp dates and costs. XE.r fMGDMOftPOA Dealer: Mardi Gras will redeem this coupon for its face value plus 50 handling, provided this coupon is redeemed in part payment on the retail sales of MARDI GRAS Paper Towels to a consumer. Coupon may not be assigned or transferred. Invoices proving purchase within last 90 days of sufficient stock to cover coupons presented for redemption must be shown upon request.

Failure to do so will void all coupons submitted for redemption. All sales tax must be paid by customer. Void where prohibited, taxed, or restricted by law. Cash redemption value 1 20C. Use other than under the terms stated herein constitutes fraud.

Good only in U.S.A. For redemption mail to: Mardi Gras, P.O. Box 1 697, Clinton, Iowa 52734. T-793 Offer Expires December 31,1979 THE FIRST NATIONAL BANK of La Crosse invites you to hear an ECONOMIC PRESENTATION ITfruffrira? QduQiijei Hear The Latest Predictions Concerning The Economy JUST TIME FOR THE GRAD or PAP! BINOCULARS ZEISS-TYPE DESIGN SUPER QUALITY OPTICS WITH CONVENIENT CENTER FOCUSING. 35 SPORT Controls Full frame 35mm compact with built-in flash.

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