RAILROADS: Racing Toward an Urgent Rescue

ANY Congressman, investor or shipper who might have thought that the Government solved U.S. railroads' financial problems a year ago, when it took over the operation of most passenger trains, has been getting a rude awakening. Congress is now studying six major bills that would extend further help, and industry spokesmen are warning that the legislators must race in order to rescue the nation's rail system from a threatened collapse. They do not seem to be crying wolf; the railroads' plight is bad enough to have won the sympathy of their chief...

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