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...House Committee headed by Missouri's Representative Shannon has been going up & down the land for months investigating Government-in-business. It paused fortnight ago in Chicago to take another look at Inland Waterways Corp. This $24,000,000 War Department agency headed by Major General Thomas Quinn Ashburn operates a barge line on the Mississippi, Warrior and Illinois Rivers to try to demonstrate to private capital the practicality of waterway transportation. For nine years the railroads have fought the barge line's competition. General Ashburn, no diplomat, has tried to placate while competing with the railroads...

Author: /time Magazine | Title: TRANSPORTATION: Banker v. General | 12/5/1932 | See Source »

...attorney's fees, printing, franking, depreciation and the expense of operating the dams and locks it uses. If people knew the facts, they'd demand prosecution. I don't know how much bookkeeping they teach at West Point but they teach obeying orders. If General Ashburn is told to make the lines pay, he shows the lines are paying. His reports are neither a credit to him nor to the Secretary of War who accepts them. The state-merit that the lines pay taxes to the cities to which they operate is an insolent quibble...

Author: /time Magazine | Title: TRANSPORTATION: Banker v. General | 12/5/1932 | See Source »

From a duck hunt General Ashburn returned to New Orleans last week in fighting trim. He denounced Banker Lisman as an "unqualified liar," called him a "paid railroad lobbyist" declared that Mr. Lisman had had to apologize for similar statements last summer just when he (Ashburn) was about to sue for defamation of character. According to General Ashburn, all testimony in Chicago was part of a "railroad plot" to discredit his barge line. In the barge line's latest (1931) annual balance sheet, General Ashburn reports a net operating income of $298,756 and a deduction from cash revenues...

Author: /time Magazine | Title: TRANSPORTATION: Banker v. General | 12/5/1932 | See Source »

...While Mrs. Hoover was busy in Virginia, President Hoover was being remembered in his native Iowa. At Dubuque there was great ceremony as the world's largest twin-screw towboat was named Herbert Hoover by Mrs. Thomas Q. Ashburn, wife of the head of Inland Waterways Corp., the Government-owned barge line. Driven by Diesel motors, the vessel will be able to move a 10,000-ton tow 4 m.p.h. upstream. After trials the Herbert Hoover will go to New Orleans, its home port, and ply between there and St. Louis...

Author: /time Magazine | Title: Business: Sale or Salvage? | 8/24/1931 | See Source »

...General Ashburn's waterway party at Peoria, nevertheless, stood for one of four major reasons why the railroads of the land, after a month of agitation, formally petitioned the Interstate Commerce Commission last week for a 15% freight rate increase. The three other reasons are: Depression, motor trucks, pipelines. At their Manhattan meeting fortnight ago (TIME, June 22) the carrier executives named three of their colleagues to approach the I. C. C. Representing the Eastern roads was big, breezy John Jeremiah Pelley, who rose from Illinois school-teaching to head New York, New Haven & Hartford. Henry Alexander Scandrett, whose long...

Author: /time Magazine | Title: TRANSPORTATION: Rivers, Roads & Rates | 6/29/1931 | See Source »

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