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New England Faces Depression If Railroads Fail
In a bid to avert nationwide downturn, Rep Adams and Rep Shoup push a for profit public rail corporation backed by 72 billion in government guaranteed bonds to take over six bankrupt Northeast lines including Penn Central. They warn that New England could fall into depression within 30 days and the nation within six months unless Congress acts.
MENTIONED IN THIS ARTICLE
New England
Washington
Moe Adams
Adams
D-Wash
Dice Shoup
Mont
House Commerce Committee
Philadelphia
Penn Central
Nixon
White House
Northeast
Federal Highway System
New York
Chicago
Amtrak
Ake
Uss
Comsat
Toe Govketect
United States
Eason
Ioan
Federlal
Lehigh Valley
Reading
Boston and Maine
A. Northers
Jeast Rail Corporation
Opera
Nick