Business: Mr. Lee and the General

President Roosevelt made railway men feel good three weeks ago when he said that the last thing he wanted to do was to take over their railroads. Then he said that the best thing for the railroads right now is a little judicious consolidation. Last week Burton K. Wheeler's dogged Senate Interstate Commerce Committee turned up an episode involving the late President Coolidge, the late Ivy Lee and the late General W. W. Atterbury which showed that the course of consolidation does not run smoothly.

Simmering in the Interstate Commerce Commission between 1921 and 1929 was a proposal to consolidate all the...

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