ABC Evening News for Monday, Mar 26, 1973
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(Studio) 6 major RR's in N.E. all bankrupt. Department Trans. has plan to put freight trains back on time.
REPORTER: Howard K. Smith
(DC) Nixon administration wants Congress to approve plan to create private, President-appointed corporation to streamline old railroad into profit-making system. [Secretary Trans. Claude BRINEGAR - says freight would start out like Amtrak with President-appointed board. Ownership would flow downward to creditors or stockholders. In time corporation would become publicly owned RR.]
REPORTER: Bill Matney
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