FAILING RAILROADS

HEARINGS

BEFORE THE

· COMMITTEE ON COMMERCE

UNITED STATES SENATE

NINETY-FIRST CONGRESS

SECOND SESSION

ON

S. 4011, S. 4014, and S. 4016

TO PROVIDE FOR LOAN GUARANTEES TO ASSIST RAILROADS IN ACQUIRING, CONSTRUCTING, OR MAINTAINING FACILITIES OR EQUIPMENT

Volpe, Hon. John A., Secretary, Department of Transportation; accom-

panied by James M. Beggs, Under Secretary of Transportation; Charles

D. Baker, Assistant Secretary of Transportation; and Carl Lyon,

Deputy Administrator of the Federal Railroad Administration__.

JUNE 26, 1970

Volpe, Hon. John A., Secretary, Department of Transportation; accom-

companied by James M. Beggs, Under Secretary of Transportation;

Charles D. Baker, Assistant Secretary of Transportation; and Carl Lyon,

Deputy Administrator of the Federal Railroad Administration-Re-

sumed.

JULY 8, 1970

Stafford, Hon. George M., Chairman, Interstate Commerce Commission;

accompanied by Fritz Kahn, Deputy General Counsel; Howard Domin-

gus, Assistant Director, Bureau of Accounts; John Grady, Chief, Field

Service; Edward Margolin, Director, Bureau of Economics; Robert G.

Rhodes, Bureau of Economics; Thaddeus W. Forbes, Associate Di-

rector, Office of Procedures; John Mattras, Office of Proceedings; and

William J. McCormick, Chief, Section of Financial Analysis, Bureau

of Economics___

Letter with questions of Senator Hartke and Mr. Stafford's answers

thereto...

47

75

166

191-281

282

Letter with questions of Senator Prouty and Mr. Stafford's answers

thereto...

JULY 22, 1970

Javits, Hon. Jacob, U.S. Senator from New York..

285

Prepared statement..

294

Saunders, Stuart T., former chairman of the board, Penn Central Co.,

Philadelphia, Pa.....

298