Abstract :
The rehabilitation and the modernization of any organization—industrial, transportation, commercial—is usually of interest. When such an organization is a railroad handling 285,000 passengers per day, its rehabilitation and modernization become a matter of more than usual interest. Such is the case of the Long Island Rail Road which emerged from receivership on August 12, 1954 as a redevelopment corporation, committed to bringing its property and operations up to modern standards.
