RAILROADS: Help Wanted


"A mighty industry has come upon sick and precarious times. Our railroads are in a very serious condition." Thus last week did Florida's Senator George Smathers, chairman of the Senate Surface Transportation Subcommittee, sound the keynote for a five-day public hearing in Washington. To the marble-pillared Senate caucus room he summoned a parade of more than two dozen railroad executives to describe what ails the railroads and suggest how to cure it.

The hearings came at a time, said Smathers. "when the economic danger signals for the railroads have become...

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