RAILWAYS: No Emergency

Western railroads wanted a general freight rate increase of 5 percent; the Interstate Commerce Commission investigated for more than a year and last week said, "No." Its report asserted that, "so far as the major portion of the western district is concerned, no financial emergency exists."

Although western carriers scowled to see hopes of extra dividends go skipping off, yet they could be thankful that the I. C. C. had not bowed to farmers' demands and made them cut rates for agricultural products.

Philip J. Roosevelt, who organized the Northwestern Railroad Security Holders' Committee,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!