Word: centralization
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Dates: during 1930-1939
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Whether or not continued pleas by Central Square patriots will have the desired effect of making the University " a city within a city" is more or less up to the Legislature now, but there's more than one college that has found political independence a decided asset...
...Keezer's second-hand shop on the corner of Massachusetts Avenue and Plympton street is now no more. After 37 years of continuos occupancy near Harvard Square Keezer has been forced by high rents and unprosporous times to move his emporium about three blocks down the avenue towards Central Square on the other side of the (trolley) tracks...
...famed Van Sweringen brothers bought their first railroad-the Nickel Plate (New York, Chicago & St. Louis R. R.)-from the New York Central for $8,500,000. The road made money steadily for 15 years. But between 1927 and 1929 the Vans made a second, less prudent purchase. After a spectacular tussle with the Taplin interests (Pittsburgh & West Virginia R. R.), which resulted in a virtual corner on the stock market, they bought control of the Wheeling & Lake Erie...
...owners promptly leased the right of way to Michigan Southern R.R. Since 1914 New York Central has leased the property, which now forms part of the Central's main-line track between Toledo and Jackson (Mich.). And while the Central has ceased to pay dividends, Erie & Kalamazoo has paid a dividend on its common stock as regularly as most railroads now apply for RFC loans...
...103rd annual meeting last week, business was brief and routine. Income for 1938 was $30,000-the annual rental received from New York Central. Taxes, expenses and officers' salaries ate up $6,000. The directors voted to pay out the remainder. Thus, to each of 125 stockholders who own the road's 6,000 shares (par: $50) went an 8% dividend, about the amount they always have received and will receive as long as the Central pays its rent...