Railroad with the biggest net income in the U. S. is the Van Sweringen-controlled Chesapeake & Ohio which operates 3,120 miles of track from tidewater Virginia through the West Virginia and Kentucky coal fields to Louisville and Chicago. Every year since 1925 C. & O. has earned from two to four times fixed charges. It is the only Class I railroad to continue paying 1929 dividends all through Depression. In 1933 it raised its dividends from $2.50 per share to $2.80. And last week C. & O. hung up another record when it awarded...
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