CARRIERS: Rebel Takes Gulf Coast

That two parallel lines can meet in the railroad business, if not in geometry, was all but proved last week. As the stalemate of U. S. railroads v. U. S. railroad labor over the proposed 15% wage cut* finally entered the mediation stage, Jesse Jones advanced another economy measure by announcing that RFC would be willing to lend $9,500,000 to enable Gulf, Mobile & Northern to buy Mobile & Ohio from Southern Railway. The Gulf and the Mobile & Ohio (which touches the Ohio River, but not Ohio) parallel each other for about...

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