First major industry to suffer from the present depression was railroading, which last summer discovered that its operating costs were climbing much faster than its revenues although the latter were well ahead of last year (TIME, Sept. 13). The subsequent decline in other industries brought worse news, for railroad revenue began to fall on most fronts. Car-loadings are now some 20% under last year at the same season. With 28% of U. S. trackage already in the courts, the railroads were quick to clamor for Government help in the form of a general...
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