Because the Government is considering a plan to draft seaworthy vessels out of intercoastal trade to meet the growing shortage in ocean shipping, the railroads last week were in a fair way to get back most of the freight they lost to the Panama Canal. But the carriers—already pressed for freight cars by the defense boom—had good cause to be frightened as well as pleased.
The Association of American Railroads claims that all the intercoastal Canal freight (around 7,700,000 tons) would not give the transcontinental lines as much as a 1% increase in carloadings. Yet it might be the camel's...
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