Word: inness
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Dates: during 1920-1929
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The Plan. The Transportation Act of 1920 which returned U. S. railroads from the Government to their owners ordered the Commission to prepare a nation-wide plan for consolidation. The carriers were then weak and shaky after Federal operation. It was argued that consolidation would link the strong with the...
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...