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Res 1293-60 RESOLUTION NO. 1293 BE IT RESOLVED by the City Council of the City of Delray Beach, Florida, (being the legislative body of said City), a municipal corporation of the State of Florida, that this Council does hereby find and declare: 1. That it is against the best interests and welfare of this municipality and its inhabitants that Seabord Air Line Railroad Company and Atlantic Cogst Line Railroad Company he permitted to merge, as proposed in their recently filed Joint Application to the Interstate Commerce Commission, Finance Docket 21215. 2. That this City, acting through its legislative body, should he and hereby declares that it is unalterably opposed to any merger of said two railroads. 3. That certified copies of this Resolution be mailed by the City Clerk of this municipality to the following: (a) The Secretary of the Interstate Commerce Commission, Washington 25, D. C. (h) Florida Railroad and Public Utilities Commission, Tallahassee, Florida. PASSED AND ADOPTED in regular session this 21st day of November, 1960. ATTEST: '~" Ma~ro r STATE OF FLORIDA COUNTY OF PALM BEACH CITY OF DELRAY BEACH I, ROBERT D. WORTHING, City Clerk in and for the City of Delray Beach, Palm Beach County, Florida, do hereby certify that the foregoing Resolution is a true and correct copy of Resolutior relating to proposed merger of Seaboard Air Line Railroad Company and Atlantic Coast Line Railroad Company as duly adopted at a regular meeting of the City Council of the City of Delray Beach held in said municipality on the 21st day of November, 1960, as the original of said Resolution appears in the official minutes of said City in my official custody. WITNESS my hand and official seal of said City this 21st day of November, 1960. Florida East Coast Railway Trustees State ~osition Relative to Proposed Merger of Atlantic Coast Line - Seaboard Air Line Railroads J. Turner Butler and William A. Hallowes, extended to the people of the state, and has urged Trustees of the Florida East Coast Railway, are that no action on the merger application be taken of the opinion that the proposed merger of the until what is hoped to be accomplished is thoroughly Atlantic Coast Line Railroad and Seaboard Air Line explained and understood. Railroad places in serious jeopardy the reorganiza- tion plan of the Florida East Coast Railway, which Certainly the shipping and receiving public should has been in receivership and bankruptcy since be given the opportunity of weighing the effect August, 1931. upon their freight charges and service of any plan to turn over to one operating railroad (including The properties of the Florida East Coast Railway the now fully controlled L. & N.) approximately are scheduled to be released from trusteeship on 85% of the Class I mileage in the State of Florida. January 1, 1961, under a plan of reorganization This is for all practical purposes a rail monopoly approved by the Federal Courts and the Interstate in Florida--in fact, there will be one rail monopoly Commerce Commission after many years of litigation, in the Soulheast--soulh of the Potomac and Ohio Rivers and east of the Mississippi. And with a Strictly a Florida railroad, the East Coast is monopoly, the public gets poorer service at a dependent for its very existence on traffic inter- higher cost. changed with connecting lines at Jacksonville, and the great preponderance of traffic delivered by the The Trustees of Florida East Coast Railway are East Coast is destined to points West Palm Beach endeavoring to gather all of the information it is and south, where it is in direct competition with possible to obtain concerning the impact of the the Seaboard Air Line Railroad. merger on the East Coast revenues and future services. They are firm in their convictions that Statements to the effect that existing routes unless the merger is stopped, the ability of the would be maintained under the merger plan do not East Coast to continue to render service to the mean that the interests of the Florida East Coast public is seriously in doubt. would be protected. It must be obvious to any practical business man that with the tremendous They have advised the Interstate Commerce Com- sales organizations maintained by the Seaboard, mission of their objections to the merger plan and Coast Line ~nd Louisville & Nashville (now fully will continue to vigorously oppose the plan before controlled by Coast Line) in all of the principal the Commission and through the Courts if necessary. manufacturing areas of the United States, all-out efforts would be made to divert to the merged As the shippers overwhelmingly testified in the properties all traffic to and from the lower East East Coast Reorganization Proceedings, they will get Coast territory. Moreover, routes have been effec- better service from a small independently-operated tively closed in the past by the simple expedient Florida railroad. But, in order for this reorganized of changing train schedules, so that trains of corn- East Coast to meet the fixed charges and other re- peting railroads cannot make the necessary eonnec- quirements that are imposed upon it by the Interstate tions. Commerce Commission in its plan of reorganization, it is essential that none of the existing revenues be The Florida East Coast Railway, along with other lost. Any substantial reduction of existing revenues Southern Territory railroads, has already advised will defeat the plan. It may well force the reor- the Interstate Commerce Commission of the serious ganized company back into the bankruptcy court nature of the merger proposals. The Florida Rail- where it has been for the past 29 years, and from road and Public Utilities Commission, in a letter which it is planned to emerge on January 1, 1961. addressed to the Interstate Commerce Commission, advised that Commission of its concern about the effect of the merger upon the services now being Issued September 1. 1960. railroad MONOPOLY ~ in A Florlda Industry FLORIDA and Institution