Item No: pixc00317
Title: A Needed Stimulant
Additional Title: A Needed Stimulant
Print and Picture Collection
"The ICC published the Complete Plan of Consolidation in 1929 under which any consolidation had to conform to the configuration designed in the plan and be in the public interest. None of the consolidated systems proposed under the plan was ever effected..."
- Kolsrud, Gretchen S., et al (1975). "Review of Recent Railroad Merger History." Appendix B of A Review of National Railroad Issues. Washington: U.S. Office of Technology Assessment. NTIS Document No. PB-250622
"To a considerable extent the decline of the eastern railroads was made inevitable by the changes in the composition of the output of the U.S. economy and changes in the geographical pattern of that output. Since the nineteenth century, our economy has shifted away from the production of goods toward the production of services.... From the point of view of the eastern railroad problem, one of the worst aspects of the inappropriate incentives given to the railroads is the incentive to merger. Mergers in the industry are subject to approval by the Interstate Commerce Commission."
- Hilton, George Woodman. The Northeast Railroad Problem. Washington, D.C.: American Enterprise Institute for Public Policy Research, 1975. Print.
Created for Evening Public Ledger, date unknown.
Sykes, Charles Henry, 1882-1942 - Artist