Public Policy: Switchover at the ICC

For all the five years that he was president of the hapless New Haven Railroad, Boston Attorney George Alpert moved up and down the land preaching that only Government subsidies could save the nation's railroad passenger operations from extinction. The Interstate Commerce Commission, historically opposed to rail subsidies, pretended not to hear. But last week, with the New Haven in bankruptcy and Alpert back at lawyering, the ICC did a roundhouse turn. After a year-long study of the New Haven and its pyramiding deficits, the commission decided that subsidies might indeed be the answer. Testifying before a Senate Commerce...

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