Last week the railroads of the land chuffed their freight rate problem back into the roundhouse that is the Interstate Commerce Commission. Presented by the Association of Railway Executives was a petition accepting the Commission's suggestion of a credit pool-but with major amendments.

When the I. C. C. last month rejected the roads' plea for a flat 15% rate-upping as an emergency revenue measure, it proposed, as a substitute, an increase in carload rates ($3 and $6) to add between $100.000.000 and $125,000,000 per year to carriers' income (TIME, Nov. 2). But...

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