Swiftly after the War, U. S. railroads began to lose their 50-year-old transportation monopoly. To oil and gasoline pipe lines, trucks and government-subsidized barge lines, went their freight. To buses, airplanes and private cars went their passengers. Traditionally as reactionary as bankers, railmen were slow to reach for their thinking caps to cope with this new situation. An additional obstacle to concerted, thoughtful action was the industry's diversity of interests, there being almost as many railroads in the country as newspapers. In the fourth year of Depression, last week Pennsylvania R. R....
To continue reading:
or
Log-In
