Word: ands
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Dates: during 1920-1929
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The general plan calls for 19 U. S. systems and two supplementary systems composed of Canadian lines entering the country. It implies a managerial unification of systems as well as financial consolidation. The Commission's prime principle was to maintain competition between systems rather than between individual roads. In...
The 19 systems and the chief carriers grouped in each:
Significance. Heretofore the I. C. C., by rejecting merger proposals, has been telling carriers how they might not consolidate. Its own plan serves to show roads how they now may. The Commission has no power to compel roads to merge in accordance with its plan, which it frankly states is...
Reactions. Western senators raised a great hue and cry against the proposed marriage of the Great Northern and Northern Pacific, claiming it would eliminate all competition. Chairman-elect McManamy concurred in the general plan "only because I expect economy and efficiency of operation to be promoted by the gigantic systems...
One foggy twilight last week, New York radio stations suddenly stopped broadcasting and the air was filled with SOS calls. While radio listeners wondered what the silence might portend, there was administered in the outer reaches of New York Harbor what might be called perfect disaster treatment. It began when...