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Debate Over Railways Financing and Returns Shapes Policy
A discussion cites Interstate Commerce Commission data on railway capital from 1907 to 1922, noting $7.6 billion new investment and modest net earnings growth. It argues private ownership remains feasible only with new stock funding, warns against overborrowing, and critiques fair return standards under the Transportation Act. Council notes Graettinger expenses and appoints Vincent Kelly town treasurer. local officials discuss municipal matters.
MENTIONED IN THIS ARTICLE
Interstate Commercie Commission Stow
Juha
Potter
Cummins