TRANSPORTATION: Carrying the Carriers

Carrying the Carriers

Last week the Senate had its first good look at a concrete example of railroad relief by Reconstruction Finance Corp. The sight brought forth, in addition to critical shot & shell, a serious warning that, under the R. F. C.'s loan policy, the Federal Government might sooner or later be forced into the railroad business as owner and operator of the nation's weaker lines.

At a series of White House conferences last month President Hoover imposed upon the Interstate Commerce Commission and...