Word: bankrupts
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...Hudson River Night Line used to carry some 200,000 passengers. 20,000 automobiles, 175,000 tons of freight annually between New York and Albany before it went bankrupt. Its four passenger ships are the finest of their kind afloat. The Berkshire, world's largest river steamer, accommodates 2.400 passengers, has 413 staterooms. Night liners take 12 hours to cover their 160-mile route. Last week Buyer Rosoff promised to build "swell new boats," put the line on its sea-legs...
Currently serving on an independent protective committee in connection with bankrupt Missouri Pacific (mileage: 12.183), Mr. Beard blames the bankers as the carriers' real managers. But bankers or no, financial ineptness is almost a railroad tradition. With a few notable exceptions like Burlington, Union Pacific, Atchison, Topeka & Santa Fe, Chesapeake & Ohio and Norfolk & Western, U. S. railroads have habitually increased their fixed charges when they should have reduced them; they have sold bonds when more prudent corporations were selling stock; they have paid dividends when they should have been paying off debts; they have sunk millions in improvements that...
...benefited nothing directly from the education which he, with idealistic and generous endowers, have paid for. Like certain types of preferred stock, the tutorial system is attended to only after all other issues. Sometimes the residue is very slight, or zero, but at least the firm does not go bankrupt...
...Since the War Peers and Peeresses going bankrupt have averaged seven per year, but efforts to keep them out of jail nearly always succeed and no Peer or Peeress was in jail last week. In February 1934 His Grace the Duke of Leinster barely escaped incarceration by paying his irate tailor...
Despite Der Reichsführer's confident Motor Show oration, Nazi economic policy, now managed by "Economic Dictator" Dr. Hjalmar Schacht stood revealed last week as bankrupt on the showing of Germany's latest official trade statistics. With Dr. Schacht puffing and straining to swell exports, they collapsed in January to a record low volume for the Century, excepting the War and inflation periods. With Dr. Schacht wrenching and squeezing to strangle imports, they swelled last month to the highest figure in three years. The Fatherland's trade deficit for January, 104,900,000 marks, was worst...