Word: centralized
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Dates: during 1930-1939
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...building contractor turned shipmaster, sailed to Alaska from Puget Sound in the small steam schooner L. J. Perry. He sailed right into the Klondike gold rush. Instead of turning to pick & pan, however, Cap Lathrop stuck to his bridge and toted prospectors and their pokes. Nowadays, in rich Central Alaska, stout, furrowed, 73-year-old Cap Lathrop is the head man. He owns a big salmon cannery, a bank, a coal mine, an airplane hangar, three cinemas, two newspapers, a general store, apartment houses, and is a member of the Board of Regents of University of Alaska. One day last...
When a misread timetable landed Labor Martyr Tom Mooney in Manhattan one and one-half hours ahead of his scheduled arrival, he thumb-twiddled until a Grand Central policeman spied him, hustled him into a private office. Still determined not to muff his entrance, Tom Mooney slipped away, hopped the right train as it chuffed to a halt, reemerged, in time to gladhand some 15,000 laborites, newsmen, photographers...
...operation when ICC ordered their coach fares cut from 3.6? per mile to 2?, their Pullman fares from 4? to 3?. While they talked darkly of a court fight (which they did not make because Baltimore & Ohio refused to join them), the new rates increased passenger revenues. New York Central, whose big, bald President Frederick Ely Williamson headed an indignant protest committee of Eastern road presidents, enjoyed a $7,000,000 rise in passenger income for the year...
...Eastern roads were not convinced. They credited better business to recovery not to lower fares. So last July, when facing Depression II, they persuaded ICC to up coach rates to 2½?. Immediate result: New York Central's August revenues dropped 17% from the same month in 1937, B. & O.'s dropped 19.5%, New Haven...
...admitted that they had learned something from it. Mr. Williamson's committee plumped for lower rates and bigger volume-with a hedge. The Western roads which have profited by low fares have comparatively long passenger hauls. (Average passenger ride on Union Pacific: 560.89 miles. Average on New York Central: 57.85 miles.) So the Eastern roads plan to scale their fares down to encourage longer rides...