Word: c
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Dates: during 1920-1929
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...C. W. CAMPBELL...
...President Hoover last week reappointed Joseph Bartlett Eastman to the lately active Interstate Commerce Commission (see p. 11) to the great disgruntlement of reactionary rail men. Also appointed to the I. C. C. was Robert M. Jones of Tennessee...
...Interstate Commerce Commission last week chose a new chairman for 1930 and simultaneously gave him more work to do than he or anyone else could possibly accomplish in a year's time. By a process of rotation Frank McManamy, whose I. C. C. service began 23 years ago as a clerk, was advanced to the head of the Commission to succeed Ernest Irving Lewis. Chairman McManamy will need all his knowledge-and experience as a practical railroad man to cope with the task assigned him, because last week the Commission adopted and published its long-delayed plan for consolidating...
Were not the I. C. C. a serious-minded body its Plan might have been entitled: "How to divide 250,000 miles of railroad into 19 systems and juggle them all into the air at once." The Commission had drawn up a set of instructions for this breathtaking feat, but left for another time any attempt to get its 19 systems off paper and into operation...
Significance. Heretofore the I. C. C., by rejecting merger proposals, has been telling carriers how they might not consolidate. Its own plan serves to show roads how they now may. The Commission has no power to compel roads to merge in accordance with its plan, which it frankly states is subject to "modification." Since rail consolidations became a public policy in 1920, grave doubts have arisen as to their present necessity. Carriers have improved financially by leaps and bounds, with few weak roads needing the aid of strong ones. The agitation in Congress for additional consolidation legislation is designed...