AMERICAN RAILWAYS
SERIOUS COMPETITION SCHEME OF AMALGAMATION WASHINGTON, stli January. Because the leading Eastern American railway companies have met with so much .competition they are forced to form themselves into four systems, with the expectation of great savings in overhead expenses. Changing conditions in the last decade have developed scores of other means of transport besides railways, such as motor-trucks and inland waterways. Another factor is the introduction of cheap durable pipe, which now sarries oil, 'gasoline and gas over immense areas. Natural gas will soon be piped from Texas to Washington and Chicago. The huge extension of electric power production has greatly reduced profitable railway hauling of coal. The President, Mr Hoover, has approved the proposed amalgamations. He does not want economies by way of wholesale reduction of staffs, but the President favours the elimination of senseless competition, and the apportioning of fertile traffic areas to one of the four new systems into which the eastern lines are consolidating.
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Nelson Evening Mail, Volume LXIV, 17 January 1931, Page 2
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160AMERICAN RAILWAYS Nelson Evening Mail, Volume LXIV, 17 January 1931, Page 2
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