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-4- [[upper right corner]][[strikethrough]] Senate committee [[/strikethrough]][[/upper right corner]] appointed by Congress to determine what is needed in the national interest and agency that has carefully investigated the situation - which the Committee named has not done. [[strikethrough]] It is vindictive because the Committee Chairman has so indicated in expressing his anger at the Civil Aeronautics Board's decision to support the carriers in their claims for the amount which the CAB had designated, the CAB taking the position that the United States Government is obligated to meet the needs of the carriers, whether or not the requisite amount is appropriated, and that the carriers can collect the difference through Court of Claims procedure. (This discussion is largely philosophical because it is a case of the patient dying while the surgeons argue how best to perform the operation.) [[/strikethrough]] The action is wasteful because it will result in the investment already made in this important development in urban transportation being lost. This applies not only to our stockholders' investment, but also to the investments made by the Federal Government, the cities served and by such governmental agencies as the Port of New York Authority. This comes at the exact time when new expenditures are being requested by the administration for new high-speed vitally necessary urban transportation. For example, the President has recommended a $20 million appropriation for a study of high-speed rail transportation between Boston and Washington.
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