ABC Evening News for Wednesday, Mar 19, 1975
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Federal judge refuses bid to put bankrupt Erie Lackawanna railroad into receivership so it can pay off creditors; judge rules railroad should seek federal grant to keep running till June. Trustees of railroad say their only hope for line is for it to become part of proposed government-backed reorganization of bankrupt N.E. RRs - Conrail.
REPORTER: Harry Reasoner
(NYC) Conrail would buy bankrupt RRs, then abandon more than 6000 mile of unprofitable freight operations, modernize remaining lines and make money with system. [Chairperson United States railroad Association Arthur LEWIS - thinks Conrail could become profitable.] Conrail's biggest fight is over abandoning some tracks. [New York Governor Hugh CAREY - believes cost of maintaining rail service is national problem.] Some believe government should ntlize. rail business.
REPORTER: Lem Tucker
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.