In 1913 the Interstate Commerce commission began the mighty task of placing a physical reduction on United States railways. Most of the expense involved was foisted upon the roads themselves, although a minor proportion of it was met with Government funds. Down to the end of 1924, the Class I roads have spent $80,380,350; by the middle of last year the Interstate Commerce Commission had spent $25,597,543, with an estimated outlay of $510,000 more for the last six months of 1924. Up to the beginning of the present year, therefore, a total of...
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