Word: mollohan
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Dates: during 1955-1955
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...plants.) The committee was not impressed by the way railroads have been using the write-offs; it concluded that instead of expanding the size of their freight-car fleets, the roads have been using the write offs merely to replace old equipment. West Virginia's Representative Robert Mollohan, subcommittee chairman, noted that from Jan. 1, 1950 to June 1, 1955, Class I railroads (those with annual revenues of at least $1,000,000) bought 310,853 new freight cars under fast write-offs. But they junked 342,287 cars during the same peri od, for a net loss...