In 1942 the U.S. railroads turned in a net operating income of $1,480,000,000, which will probably result in net profits of $960,000,000, the highest on record.
These earnings, announced last week by the Interstate Commerce Commission, brought out charges so bitter that one might have supposed that the railroads not only had made big money but had made it through the devious exploits of a Gould, Fisk, or Daniel Drew.
Bulk of the charges were made by representatives of Economic Stabilizer James F. Byrnes and Price Administrator Prentiss M. Brown, who have petitioned...
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