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... that once went to railroads. That these various carriers serve a useful purpose goes without saying.... But railroads are our most regulated industry — and their competitors, for the most part, are either unregulated..., the mainstay of transportation. There are two ways out—a more liberal policy toward the railroads... from all standpoints, for too much regulation has helped put the railroads where they are today.—Ex... the railroads were returned to private hands after the war, a definite program of construction was started