Word: canale
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Dates: during 1930-1939
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...first half of this year. In January. B. & O.'s shrewd old President Daniel Willard got an $8,233,000 loan through his good friend, RFC Chairman Jesse Jones. In June, to meet an interest payment, B. & O. sold its nearly forgotten Chesapeake & Ohio Canal, unused for shipping since 1923, to PWA for $2,000,000. Last week, resourceful B. & O. resorted to another expedient. It filed with ICC a plan to 1) postpone nearby bond maturities, 2) reduce interest for eight years by making $11,000,000 of its $31,000,000 in annual charges contingent upon earnings...
Weinberger's trunk fell into the hands of a man who dislikes railways but likes boats. He placed the trunk on a freight steamer bound for Frisco through the Canal...
...Senate, McAdoo rarely makes a speech (his voice is high, squeaky) except on behalf of his pet project: no Panama Canal tolls for intercoastal shipping. In Washington, he is considered a greatly diminished public figure, but still a shrewd political opportunist. Popularly supposed to telephone the White House before casting a vote, he has voted for: Emergency banking legislation, legalizing 3.2 beer (he was a Dry favorite in 1924), 25? limitation on veterans' pension cuts (1933): Gold Restriction Act, Bankhead Cotton Act (1934); Wagner Act (1935); Wagner Housing Act, Neutrality Act, taxation of Federal tax exempt securities, Naval expansion...
...President at Balboa came Panama's President Juan Demóstenes Arosemena, bearing a gift of rare Panamanian stamps, a complete album of every issue since 1897, in a casket of polished hardwood. They motored, discussed U. S. aid to help Panama build roads (as a Canal defense measure), lunched with Governor Clarence Ridley of the Canal Zone, rode across the Isthmus in a special train...
Died. Howard Hale McClintic, 72, engineer, whose far-flung steel-fabricating company (McClintic-Marshall Corp.) built the Panama Canal locks; from an embolism; in Pittsburgh, Pa. Founded at the turn of the century when the Mellons put up a $150,000 stake for McClintic and his partner, Charles Donnell Marshall, McClintic-Marshall paid more than $8,000,000 in dividends up to 1931, when it became a part of Bethlehem Steel Corp...