Stop Railroad Mergers Now Expose Poverty Myth
The piece argues railroads earned profits of 574 million in 1962 and paid over 2.5 billion in dividends since 1956 while retaining more than 11 billion. It warns mergers and line junking threaten growth and defense and urges letters to vote against S 942 and S 1138 to curb mergers and reveal true ownership by Wall Street firms and Swiss banks.
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