Railroads: Profits & Perils

Nowhere has the purposeful spreading out of work to make jobs been more conspicuous than on the railroads, and nowhere has the Government tried harder to end such "featherbedding." Last week—after two earlier U.S. presidential boards had wrestled with the problem—a congressionally appointed panel awarded the railroads a signal victory. In the first peacetime arbitration ever imposed by Congress, the board ruled that almost all of the 33,000 firemen who work aboard diesel-powered freight and yard trains are "not necessary" and should be gradually phased out.

For all the sweep of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!