Few U. S. railroads are as prosperous as the Chesapeake & Ohio, whose tracks from Norfolk to Chicago brought it a net income of $43,700,000 in 1936, of $31.000,000 in the first eleven months of 1937. Few U. S. railroads have been closer to insolvency without actually being in that parlous state than the Erie, whose tracks from Chicago to New York have been kept in operation in recent years only by loans totaling $16.582.000 from Reconstruction Finance Corp. Both lines are part of the old Van Sweringen system and ! last month they...
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