Word: centralization
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Dates: during 1930-1939
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...important part of the new curriculum is training in democracy, the central idea in John Dewey's philosophy. One of the chief devices used for this training is student self-government which is carried a good deal further in giving authority and responsibility to pupils than in the more or less wishy-washy system by the same name by which many a traditional U. S. school tries to hoax its pupils into the belief that they run their own affairs. Today one-fifth of the population of Czechoslovakia, some 2,680,000 students-1,832,000 in primary schools...
...these sweeping recommendations into effect, Paul Walker asked that the Communications Act of 1934 be amended to give FCC authority: 1) to "review, approve or disapprove all Bell System policies and practices promulgated by the central management group"; 2) to "permit regulation of the Western Electric Co. by the FCC as a public utility"; 3) to "fix temporary rates whenever it appears that the return on net book cost is excessive"; 4) "to regulate Bell System financing"; 5) "to limit the scope of Bell System activities to the communications field" (Bell System at various times has been involved in radio...
...year. This might mean a Government outlay of as much as $465,000,000, would presumably be produced by RFC. John Jeremiah Pelley of the Association of American Railroads nodded in approval. So did his committee of presidents: Frederick Ely Williamson of the New York Central, Ernest Eden Norris of the Southern, Samuel Thomas Bledsoe of the Atchison, Topeka & Santa...
...connect his two roads. Time & again the Commission shook its head. In the 1920s he inconspicuously bought into small Eastern lines like the Lehigh Valley and the Wabash, presented the Commission with a plan for a "fifth trunk line'' to rank with Pennsylvania, B. & O )., New York Central and C. & O. roads. The Commission shook its head again. To the open dismay of Mr. Loree, the Pennsylvania was allowed to buy up the Lehigh and the Wabash. But it was 1928. stocks had gone up, and Mr. Loree had $20,000,000 profit. There was plenty of cash...
Thereupon, at the bottom of the market, Mr. Loree used some of the cash to buy a clear 10% of New York Central stock. It was easily the largest New York Central holding. Railroad men spoke of the new Leonor Loree. But last week, six years after the purchase. New York Central stock was worth half what he paid for it, and Mr. Loree was weary of the game...