Word: cherington
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...Cherington will continue his teaching duties at the University while advising the New Haven on the legal and economic problems of New England railroads...
Charles R. Cherington '35, professor of Government and transportation expert, has been appointed as a consultant to Patrick B. McGinnis, President of the New York, New Haven, and Hartford Railroad, McGinnis announced yesterday...
...public statements, Cherington has supported a merger between the New Haven and the Boston and Maine railroads, proposed in December by McGinnis. "I don't know why McGinnis hired me, but I don't think it's because I am in favor of the merger," Cherington said yesterday...
...Cherington, interviewed on Station WGBH-FM by Louis M. Lyons, Curator of the Nieman Foundation, called a linking of the two lines a "reasonable regional consolidation." "It doesn't seem to me," he said, "that the B & M and the New Haven are primarily competing properties. I think that they supplement each other's services, and control of both roads wouldn't necessarily be dangerous...
...making the B & M more efficient, McGinnis hopes to save the road from its serious financial troubles. Cherington called the earnings of the B & M during the last ten months "quite unsatisfactory" and said that "it takes a lot of nerve to pay $15 a share for common stock which will probably show a net loss in 1954. It would be an illogical expenditure to lose a million or two dollars...