03/06/1930
https://www.presidency.ucsb.edu...
"These uncertainties and delays over nearly 10 years have seriously retarded development of the railways and have prevented a desirable growth in many directions, and have diminished their ability to c..."
"The plan, of course, must be submitted to the Interstate Commerce Commission, who have the independent duty to determine if it meets with every requirement of public interest."
"Such questions as electrification, the linking up of different railroads, the development of larger terminals, and many offer major improvements have been retarded because of uncertainty with respect ..."
"These negotiations have been in progress for some weeks, and were undertaken at my suggestion in the hope of effecting the consolidation policies declared by Congress in 1920 and especially at this ti..."