Word: aug
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Dates: during 1920-1929
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...railroad domain, the Van Sweringens advanced nearer the reali- zation of the Greater Nickel Plate System (TIME, July 7, Aug. 11, 18. Apr. 6) by securing assent to their leasing terms for the Chesapeake & Ohio by a majority of the latter's stockholders. Wilson & Co. (TIME, Sept. 8) and the St. Paul Railroad (TIME, Mar. 23, 30) are being cut down and revamped, preparatory to setting them up in business again on their own feet...
...Bliss (TIME, Aug. 6, 1923) is credited with the longest authenticated drive − 445 yds., made August, 1913, at Herne Bay, England...
With one exception, the Van Sweringens are having their own way with their projected Nickel Plate merger (TIME, July 7, Aug. 11, Aug. 18). Erie shareholders have voted to accept their terms for leasing the road to the new consolidation, thus marking the real end of the historic Erie as an independent road. Pere Marquette shareholders. according to report, are about to follow suit...
Undoubtedly the principal events of the past week in the world of business was the raising of the rediscount rate of the N. Y. Federal Reserve Bank from 3 to 3½%. The rate had not been changed since Aug. 8, 1924, when it was lowered from 3½ to 3%. Considerable conjecture arose as to the cause for raising the rate, and whether it indicated a move to halt speculation in the stockmarket. Most editorial writers decided to the contrary −a position which the bank's own statement confirms. The New York Bank rate...
...small hut-the studio wherein, for many months, Sculptor Borglum has worked with plans, models of the relief of Generals Jackson, Lee and their armies which is to be chiseled into the rock at Stone Mountain, Atlanta, as a memorial to the arms of the South (TIME, Aug. 13, 1923; May 26, Mar. 2). The two entered the hut. Almost instantly, sounds of hammering could be heard within. After a short time, sculptor and assistant emerged, made...