Business & Finance: Train-Auto Service

For 14 years U. S. railroads have tried to hold dwindling passenger revenues (1926: $1,043,070,646; 1939: $416,573,621) against auto, bus and airplane competition. Lately, streamliners, cheaper fares, faster service, etc., have helped. But the No. 1 thorn in the railroads' side, the auto, stuck fast. Last week, unable to "lick 'em," the railroads decided to "jine 'em."

In the terminals of twelve* western roads, in 135 cities, Railway Extension, Inc. opened a train-auto service. Sponsored by the roads (which put up no funds but gave terminal facilities for booths and parking spaces, telephone...

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