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...answer, of course, is not to abandon the automobile???except in the central city?but to restore the balance. The Government already supports mass transit ($153 million this year, v. $4.1 billion for roads). Without costing the taxpayer an extra penny, it could multiply this sum 13 times simply by diverting half the money it spends for roads to transit lines. To improve the civic order, the Nixon Administration could also grant more generous funds for planning and esthetic improvements, going so far as to deny federal grants for such things as sewage plants to municipalities that continue to ignore...

Author: /time Magazine | Title: Nation: What the Government can do | 1/24/1969 | See Source »

Great railroads buy their cars and locomotives in much the same way as an individual buys an automobile???on the instalment plan. Instead of arranging the purchase through a financing company, the carriers usually sell equipment trust certificates to the public. Repossessions are exceedingly rare, for in order to keep its rolling stock a road will generally meet its instalment and interest when it can pay no other fixed charges. Not since 1910, when Buffalo & Susquehanna defaulted, have bondholders actually seized and sold a yard-full of equipment to satisfy their claims...

Author: /time Magazine | Title: Business & Finance: State of Rails | 9/3/1934 | See Source »

...motorists this week inspected the world's smallest automobile???28 in. shorter than any standard U. S. car. Announced last summer, built at Butler, Pa. under the direction of able Arthur J. Brandt, the American Austin was exhibited this week in dealers' showrooms throughout the country and will be making retail deliveries early in July. Austin men say that dealers have ordered 183,000 Austins, priced at $445 F. O. B. Butler (Ford roadster, $435; Ford coupé, $495, F. O. B. Detroit; Chevrolet roadster and touring, $495; Chevrolet coupé, $565, F. O. B. Flint, Mich.; Durant coach sedan...

Author: /time Magazine | Title: Business: 28 Inches Shorter | 6/30/1930 | See Source »

...reporter bit his fingernails. He was wondering whether he would best serve his paper by following the others into Manager Gatti's office or by pursuing the little man in the automobile???a little man who, chief stockholder, President, guarantor and presiding intelligence, knows perhaps more than anyone else about the Metropolitan Opera Company and its new season...

Author: /time Magazine | Title: Mr. Kahn & Mr. Gatti | 11/2/1925 | See Source »

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