However powerful the movement for consolidation of the roads may be growing, it is not yet powerful enough to appear as a direct and popular mandate to be acted on by Congress. On the one hand, we have Senator Cummins, chairman of the Senate Interstate Commerce Committee and author of the Esch-Cummins Law, protesting that the merger remedy may even now be too late and that Government operation of many roads is already an inescapable necessity. On the other hand, rail earnings for January show an increase in profits from 2.75 per cent in 1922...
To continue reading:
or
Log-In