Word: bus
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Dates: during 1940-1949
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Since 1926, the trend of U. S. railroad passenger revenues (11% of total revenues) has been down. For a decade the Eastern roads made little attempt to stop it. Fares remained at the 3.6?-per-mile level set in pre-bus, pre-depression days...
...Baltimore & Ohio's old (79) Daniel Willard, only Eastern railroad president in favor of really low rates, this decision was a personal triumph. The Commission's argument was right out of his mouth-that high rates subsidize bus competition, that low rates end up by increasing total revenues...
...other roads (New York Central's Williamson, Pennsylvania's Clement), who can see no sense in risking their much larger revenues in the difficult game of getting more traffic, were peeved at the decision. But, oddly enough, they were no more peeved than the big Eastern bus lines, which get most of their business from undercutting train rates, may need to lower their own fares...
...cannot do without the Square. If he has a car, half his time will be spent searching for parking space. If he walks, half his money will be devoted to the ties at Leopold Morse or the pipes at Leavitt and Peirce. The commuter will pursue his bus; the shopper will nibble mints at Woolworth's and the theatergoer will dash for the subway stairs. The Square is the beginning and end of all life: it is the road to class and the cup for that last drop of midnight coffee...
...Captain Bus Curwen steamed through a 2:07.5 200-yard free-style to lead the Yardlings to victory. Robinson and German copped the 50 and 100 respectively, while Houston, Drucker, and McCutcheon annexed their usual firsts in the breastroke, backstroke, and dive...