Business & Finance: MOP's Future

Last week in one of the upstairs dining rooms of the 75-year-old Down Town Association on Manhattan's narrow Pine Street occurred a unique powwow of some 50 persons interested in the future of a debt-ridden, six hundred million dollar railroad system.

One fifth of all U. S. railroad mileage is in the hands of the courts, and nearly one-third of that stricken mileage is accounted for by Missouri Pacific Railroad, biggest province in the Van Sweringen empire. Missouri Pacific is also RFC's largest creditor, owing that Government agency $23,000,000. RF Chairman Jesse Jones lately...

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

Learn more about the benefits of being a TIME subscriber

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