January 23, 1921, marked a bleak day for the railroad industry, as its top brass sounded the alarm on the impending financial crisis. Samuel U. Dunn, editor of the Railway Age, delivered a stark warning to the New York Association, citing the industry’s dismal prospects. ‘Hallway Writs should and must be substantially reduced sooner or later,’ Dunn declared, emphasizing the urgent need for drastic measures to stem the tide of financial hemorrhaging.
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Key Facts
- State: National
- Category: Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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