Word: centralized
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Dates: during 1930-1939
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...outside the China border. There, miles from civilization of any sort, they found a community of 15 U. S. experts, their families, nearly 1,000 Chinese workers, living in a modern town with electric lights, running water, bungalows, playgrounds, and a $4,000,000 plant of U. S.-owned Central Aircraft Co. which will produce fighting planes to help China...
...Britain's September retail trade rose 14%, for in the provinces buying zoomed a whopping 30% over last year: people were staying in the country, in the suburbs and buying there, not in central London...
From 1909 to 1931 the common stock of Central Railroad Co. of New Jersey never paid less than $10 annually. Bluest of blue chips, the rich, little (1,155 miles) anthracite road had skipped only eleven dividends since it began operations in 1848. For 25 years (1905-30) the stock seldom sold below 200. In 1912 it hit a peak of 395; in 1928 another of 375. Last week it could be bought for 5. Sic transit...
...last week Jersey Central went bankrupt, joined 81 roads (over 31% of U. S. railroad mileage) that have gone into receivership since 1931. Driven to the wall by seven consecutive whopping deficits, its first eight months' operations this year showed a $2,709,000 net loss. Of its once lush freight business, about 50% was coal and 40% manufactured goods, and neither recovered from Depression I. With heavy fixed charges on a bonded debt of $51,198,000, the strain of depression was too much. But the straw that broke Jersey Central's back was taxes...
...bill for that period. It had paid the rest. Month ago the State threatened to go to court to collect its bill for 1932-1933 ($7,230,000 of taxes, penalties & interest). With only $2,360,000 cash on hand to meet the tax bill, Jersey Central escaped to the courts...