The U.S. railroads, which all during the '30s labored under such big debts and low revenues that many an observer wrote them off as ripe for Government socialization, last week continued to turn in a new, startling kind of performance.
Edward J. Engel, president of Santa Fe, reported net railway operating income for last year at $83 million as against $40 million in 1941. During the year the road slashed over $18 million from its 1941 debt of $323 million.
New York Central reported last year's net profit at $49 million, or nearly six times as much as the road earned during the...
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