Last week President Hoover gave what he called "most serious attention" to the railroads and their financial plight. Anxious bondholders were telegraphing him inquiries as to measures and agencies to help the carriers earn their fixed charges ''across the trough of the Depression." The President assembled a list of all the means of assistance being put at the disposal of the carriers and found their total encouraging. First, there was the Railway Credit Corp. in which, for the benefit of weak lines, would be pooled excess earnings from rate increases. Next there...
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