Warning to Competitors

After World War I, U.S. railroads were lazy from lack of competition. Their idea of what-to-do-about-the-postwar-travel-boom was to see if the traffic would bear a 20% increase in passenger fares. They found out: the U.S. automobile and bus industries, then in swaddling clothes, grew up almost overnight, while the railroads started down the long toboggan toward the almost bottomless pit of 1932.* Last week Railway Age, in its annual Passenger Progress issue, published a survey of what railroad executives propose to do for the postwar passenger this time. Their "practically unanimous...

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