Word: bankrupt
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Dates: during 1880-1889
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...subjects for controversy was the lack of competition to aid the industrial interests of the country by lowering the rates. The only remedy was the organization of a rival road. This peace was often a disastrous one financially, as a town which could support one road reasonably well, would bankrupt two, because the duplication of expenses was not met by a corresponding duplication of traffic. Thus it was a hazardous thing for private enterprise to institute a parallel line. In Europe, where private funds are not forthcoming to carry on a needed competing line, the government takes the matter into...
...rumors that the foot-ball association was bankrupt has no foundation except that the treasurer drew a check on the bank to pay Burr, the Harvard furnisher, for the suits of the last year's team, but failed to notice that there was no money in the bank. - N. H. Union...
...improved means of communication, involves the grestest danger to the nation-moral as well as political. No less than $40,000,000 to $60,000,000 are annually thus lost to Germany, and, as if this were not bad enough, our railways don't pay, while innumerable hotels become bankrupt, and the enormous sums invested in these enterprises are absolutely lost. The loss in patriotism, character, contentment, and domestic happiness is even greater. The more we enrich our neighbors by our folly, the more we increase their power and lessen...