Railroad Consolidation

It is a curious result of the trend of affairs, that official Washington, which ten years ago was violently opposed to railroad consolidations, is now the first to urge them upon the railroad companies. Senator Cummins of Iowa, ranking member of the Interstate Commerce Committee and one of the authors of the present Transportation Act, has introduced a bill to stimulate voluntary railway consolidations. Provided that a proposed consolidation was approved by the Interstate Commerce Commission, Senator Cummins' bill would permit it to be carried...

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