Tells of hasty "shopping tour." Washington, D.C., May 12. Charles T. O'Neal, President of the Chicago and Ester Illinois Railroad, tells the Senate Railroad Financing Committee of his hasty "shopping tour" in October 1931 for a loan to meet immediate obligations of the O. & E.I. The road finally pro

Chesapeake and Ohio to get control of Chicago and Eastern Illinois Railroad. Washington, D.C., May 14. Carroll M. Shanks, Chairman of the Chicago and Eastern Illinois Railroad Mortgage Bondholders Protective Committee, told the Senate Railroad Financing Committee today that the proposed reorganizati

Admits fraud to Senate committee. Washington, D.C., May 13. Kenneth D. Sture, chairman of the board of the Chicago and Eastern Illinois Railroad, conceded before the Senate Railroad Financing today there was fraud in connection with a 1932 RFC loan to his road. The loan in question was made in March

Improvements impossible unless rail wage cut - fact finding committee told. Washington, D.C., Oct. 7. Charles Donnelly, President of the Northern Pacific Railroad, today told the fact finding committee that it would be impossible for any railroad to spend money for improvements under present conditi

Before Senate Committee. Washington, D.C., June 8. Patrick H. Joyce, President of the Chicago and great Western Railroad, testifying before the Senate Railroad Financing Committee today, 6/8/37

A.T. & T. executive opposes profit sharing. Washington, D.C., Dec. 13. Appearing before the Senate Finance Subcommittee today, Charles P. Cooper, Vice President of A.T. & T., declared its opposition to profit sharing as national policy and condemned incentive taxation as 'unsold,' 12-13-38

Senate Committee told railroads should spend 3 billion in the next five years for habilitation. Washington, D.C., Dec. 12. Appearing before the Senate Finance Subcommittee today, R.V. Fletcher, General Counsel for the Association of American Railroads, asserted that railroads should spend approximat

Senate Committee questions Pennsy head. Washington, D.C., Dec. 15. Martin W. Clement, President of the Pennsylvania Railroad, today told the Senate Rail Inquiry that there had never been any objection from the Interstate Commerce Commission to salaries paid Directors of the road. At the same time, C

Railroads in tip-top shape essential to national defense, house committee told. Washington, D.C., Jan. 31. The man responsible for operation of the American Railroads during the World War, Carl R. Gray, now Vice-Chairman of the Union Pacific, today told the House Interstate Commerce Committee that a