As shown by the Interstate Commerce Commission, excluding those roads already in receivership, the number of railways earning less than fixed charges is only about 16 percent or 17 percent of the whole.
Statement on Financial Assistance to Railroads.
Share & report
More from Herbert Hoover
The time has come when we should cut through the brush and adopt some broad and definite method of reducing the overwhelming burden of armament which now lies upon the toilers of the world.
The details of this estimate, the necessity therefor, and the reason for its transmission at this time are set forth in the letter of the Director of the Bureau of the Budget transmitted herewith, with whose comments and observations…
I am glad to see the adoption by both the Senate and the House of the principle of generous relief to unemployment.
Other voices in this conversation
