First the railroads asked for a 15% freight-rate rise. ICC said 5.3% was enough. Then they asked for a 15% wage cut. Franklin Roosevelt's Railway Fact-Finding Board said No. This left the railroads, stretched between the engine of rising costs and the caboose of lagging traffic, with no recourse but legislative aid. So Mr. Roosevelt asked three railroad officials and three railroad labor officers to prepare proposals for Congress.
Hard at work ever since October, cudgeling their brains four days a week with the aid of a battery of experts, have been the...
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