RAILROADS: Old Story

On Election Day-minus-76, the Justice Department leapt at the throats of 47 Western railroads, their officials, the Western Association of Railway Executives,

The Association of American Railroads, and Wall Street railroad-bankers J. P. Morgan & Co. and Kuhn, Loeb & Co. Bantamweight Attorney General Francis Biddle filed an antitrust suit in Lincoln, Neb. charging the railroads, et aL, with:

¶Conspiracy to snuff out competitive rate reductions and improvements in service.

¶Discrimination against Western agriculture and industry by charging higher freight rates than Eastern railroads. CJ Collusive effort to strangle the development of...