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Rail carriers urged to pursue own salvation in reform report
New York February 15 The National Transportation Committee urged drastic consolidation and ending wasteful competition in the rail system. It estimated savings of several hundred million dollars could be achieved, and urged freeing railroads from unnecessary regulation while noting potential earnings gains with modest traffic growth. It criticized government support for inefficient competing transport and questioned inland waterway subsidies as lacking benefits. Bernard M Baruch Clark Howell Alexander Legge signed the report with Alfred E. Smith noting agreement in part.
MENTIONED IN THIS ARTICLE
Claude A. Jagger
New York
America
National Transportation Committee
Bernard M. Baruch
Calvin Coolidge
Clark Howell
Alexander Legge
Alfred E. Smith