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...least six good reasons exist for private capital to build toll bridges: 1) motor travelers are willing to pay tolls to shorten their journeys; 2) local authorities derive a certain, if trifling, indirect income; 3) government authorities are often too lethargic to construct needed bridges; 4) engineering friends of private capitalists, rather than the engineering friends of officeholders get the construction jobs and profits; 5) sale of bridge bonds and stocks provides work and profits for banking houses; 6) bridge bonds and stocks are investment opportunities for people with idle money...

Author: /time Magazine | Title: Business: Toll Bridges | 4/23/1928 | See Source »

West Point training was followed by fire-baptism in the Mexican War, where heroic service at Cerro Gordo, Contreras-Churubusco and Chapultepec led General Scott to designate young Lee "the greatest living soldier in America." Engineer work in Washington and Baltimore taught him to construct defenses, a knowledge which was to serve him well. For three years he superintended West Point...

Author: /time Magazine | Title: HEROES: Unveiling | 4/16/1928 | See Source »

...Packard puttered; he gave to the town of Warren $100,000 to build a library and, with his brother, 150 acres of land to build a park & playground. The largest of all his numerous donations was one of $1,000,000 to Lehigh University, alma mater, with which to construct and equip laboratories. Sixteen months ago illness drove James Packard to the ho pital. He stayed there sixteen months, in the same room. Then he died...

Author: /time Magazine | Title: Business & Finance: Death of Packard | 4/2/1928 | See Source »

Assuming Candidate Smith as the Cabinetmaker, what material is at hand in the Democratic party whereof he might construct the all-important centre panel, Secretary of the Treasury...

Author: /time Magazine | Title: THE CABINET: Inventory | 3/12/1928 | See Source »

...hope that the time will come when all weapons of war are done away with." The Commander said a few words concerning the financial practicality of salvaging sunken submarines: "A ship such as the S-51 costs in the neighborhood of three million dollars to construct; the cost for salvaging, allowing four-hundred thousand dollars for the reconditioning of the craft, is enough below this amount to make it worth while...

Author: NO WRITER ATTRIBUTED | Title: NEGLECT IN S-4 SALVAGE IS DENIED BY ELLSBERG | 2/13/1928 | See Source »

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