Watersged Year for Nation's Railroads
Government Agency's Proposal for New System
This is the year for the United States to come to terms with its railroad problems. After years of indecision about a proper fate for ailing and failing railroads in the Northeast and Midwest regions, a preliminary official blueprint now exists. After additional hearings, evaluations and possible amendments, Congress will have to either reject the plan by autumn or else acquiesce in its acceptance.
The preliminary plan as drawn up by the federal government would replace the outworn rail transportation system which now serves 17 eastern and midwestern states1 and half of the country's population. Seven bankrupt railroads, the mammoth Penn Central among them, are included in the Preliminary System Plan for restructuring the rail system ...