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The article presents information on the political and economic updates of the U.S., as of September 12, 1907. The result of the New York newspaper "Herald's," canvass of Congressional sentiment regarding the Philippines is astonishing in view of the pitifully small number of Republican votes which it has been possible to obtain in the U.S. Congress for bills or resolutions that looked toward Philippine independence. In another economic update, the action of the Interborough-Metropolitan directors in passing the dividend on the $45,000,000 preferred stock should have caused no surprise. When this so-called merger of the subway and street railway lines of New York City, New York, was put through in January 1906, every vicious expedient known to modern finance was adopted in the process.

The article discusses the Canadian National Railway subsidiary Grand Trunk Rail System, and their purchase of the old Detroit, Toledo, & Ironton (DTI) Railroad previously owned by Henry Ford. It states that Ford had transformed the DTI into an efficient operating coal hauler after he purchased it for $5 million in 1926, and sold it for $36 million in 1929. It also discusses the creation of the evening newspaper edition "Tonight" made to compete with "Post" in New York City.

The article offers the author's insights on the aspects of the subway systems in New York City. Topics discussed include the impact of the derailings and tunnel repairs to the commuters, the issues regarding the provision of equipment and misallocation of funds for the subway trains and tunnels, and the actions of politicians such as New York governor Andrew Cuomo on the concerns related to the subway systems.

Reports on funds allocated by the Dutchess County Transportation Council Technical Committee to complete the Harlem Valley Rail Trail Northern extension, from Millerton to Columbia County. Construction schedule; Increase in usage of the trail; Rail trail's role as a recreational resource of regional importance.

Focuses on New York Metropolitan Transportation Authority's (MTA) million dollar-plus capital expenditure program which includes the renovation of stations and the purchase of buses. MTA's rolling stock for its commuter railroad and subway systems; Tax-exempt bond market as the program's primary source of financing; MTA' issuance of debt backed by a moral obligation from New York State.

Reports on New York Governor George E. Pataki and New York City Mayor Michael R. Bloomberg's plan to pursue building a passenger rail line between lower Manhattan and John F. Kennedy International Airport. Proposed construction of a tunnel below the East River; Construction cost of the JFK rail project; Funding for the project.