NEW HAVEN CITED; Agency Asserts Every Passenger Line Is in Same Plight I.C.C. Asks Federal Subsidies To Save Passenger Railroads
ICC rept on NY,NH&H and on gen plight of other passenger rrs urges direct Fed subsidies to sustain services essential to US econ and natl defense; would provide Fed funds to offset passenger losses plus further support equal to any tax relief rrs recd locally; warns outlook is bleak for rrs and many may be forced into reorgn; sets subsidy limits; Chmn Hutchinson defends subsidy proposal, Sen (Smathers) subcom; Sens Magnuson, Smathers, Lausche and Thurmond opposed