Word: bus
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Dates: during 1930-1939
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Large, paunchy Harris Nevin is proud that his is still a family concern, shared only with his onetime bus-driving sons, Edward and William. Son Edward, an engineer, builds the family buses in Brooklyn. Son William gave up a private law practice to become general manager. Though refusing to divulge the size of his company, Harris Nevin says mysteriously: "It is in excess of many millions." None of the many millions has gone into fancy offices; located on Manhattan's West 33rd St., they are dingy, grimy, efficient. Even Harris Nevin's daughter is in buses as manager...
...trolley line serving his development failed. To keep tenants in the 500 houses, his two sons had to drive second-hand buses between the development and the railroad station. Whatever his sons may have thought, bus operating was not so bad for Harris Nevin. He incorporated his two buses into a $250,000 company. In 1924 he started one of the first interstate bus lines in the East, between Manhattan and Philadelphia, with Wanamaker department stores as terminals. Since then he has bought up some 40 lines radiating throughout the East and South, has abandoned real estate for good...
Chief pride of Nevin Bus Line is its freedom from railroad domination. Its handbills argue: "Guaranteed Lowest Prices-It is the independent bus company that through active competition maintains the low cost of transportation for the traveling public." Such railroads as Great Northern. Pennsylvania, Southern Pacific have substantial commitments in big Greyhound lines. And all the railroads would dearly love to see bus fares upped to a level more in line with their own fares...
Lunch hour crowds, strolling down Threadneedle Street, paused to glance up at the brand new facade of the Bank of England, now being splendidly rebuilt on its old site while business goes on as usual. Bus drivers and bankers, typists and tycoons thrilled at the knowledge that on this day "The Old Lady of Threadneedle Street" was dipping into her chilled steel purse for the largest lump sum she had ever paid in gold in a single day, $95,550,000 worth, weighing about 150 tons and consisting of 11,500 bars...
...individual vilification and perversion of my ideas. . . . They may kill me but they can't kill the idea of water transportation. Men crucified Christ once but his idea lives on. . . . The real trouble with the railroads is the aftermath of frenzied financing and excessive overcapitalization and not bus, truck, airplane, pipeline or waterway competition. Our corporation, unlike the railroads, has passed through no receivership, floated no bond issues, paid no princely salaries. I could spit out the window and retire and my retirement pay for life as a major general would be only $2,250 a year less than...