Business: Joint Views

One day last week the Association of American Railroads announced that Class 1 railroads had an operating deficit in February for the first time in 17 years— $2,136,481, against a net operating income of'$38,792,779 in February 1937 and $58,367,529 in February 1930. Two days later Franklin Roosevelt told a press conference at Warm Springs, Ga. that the special railroad report of ICCommissioners Splawn, Eastman & Mahaffie, given to him fortnight ago, would not be made public until after he had conferred in Washington this week with a group of operating railroaders. Then, said...

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