The Interstate Commerce Commission last week made two major decisions.
Lake Coal. To the annoyance of coal operators in Virginia, Kentucky and Tennessee, the Commission refused to let freight rates be lowered 20 cents per ton by railroads (Chesapeake & Ohio, Norfolk & Western, Louisville & Nashville, Hocking Valley, Virginian) which carry coal from that section to the Great Lakes, for transshipment to the Northwest.
1) The proposed rate-cut conferred upon coal a special benefit out of scale with the rates given other commodities, notably agricultural. 2) It would tend...