Business & Finance: Stuffing Out of Featherbed

There are only 18 locomotives on the whole 239 miles of the Toledo, Peoria & Western R.R., but some day they may pull every U.S. railroad out of the woods-that is, if the T.P. & W. loses a few more labor battles such as it lost last week.

The T.P. & W. is another name for G. P. McN. (George Plummer McNear Jr.), who owns it-track, ties & rolling stock (TIME, May 18). As a result of last week's decision by a Government-appointed arbitrator, G. P. McN. will have to pay $3,200 a month more...

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