08/07/1931
https://www.presidency.ucsb.edu...
"It is my understanding that the plan provides for the protection of the interests of the employees and full consideration of the interest of the various communities and carries out the requirements of..."
"As a result of meetings of General [William W.] Atterbury, Mr. [Patrick E.] Crowley, Mr. [Daniel] Willard, Messrs. [Mantis J. and Oris P.] Van Sweringen and other representatives of the Pennsylvania, ..."
"The Interstate Commerce Commission has no power to compel such consolidations."
"During that time negotiations have been undertaken in respect to those railways on a great number of occasions with view to carrying out the wishes of Congress, but have hitherto all proved abortive."