Word: freighting
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Dates: during 1930-1939
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...track waited a specially-built freight car. Flat and without sides, it was so cut down in the centre that its bottom was only 5^ in. above the rails. Its wheels were only 26 in. in diameter instead of the standard 33 in. A huge railroad crane lifted the mirror slowly to a vertical position, swung it clear of the trailer. Inch by inch it was lowered into the railroad car. For a half-hour it was allowed to settle comfortably into the recess. Then the New York Central Railroad man telephoned his home office that the loading was complete...
Other administrative headaches would include the railroads' loss of passenger traffic to the motor car and the bus; the loss of short-haul freight business to the truck; the Railroad Retirement Act of 1935, the Social Security Act and the Guffey Coal Act; and the Interstate Commerce Commission's reduction of passenger fares last fortnight to a 2? a mile maximum on coaches and 3? on Pullmans...
...much more than consolidate the structure whose foundation President Thomson had laid, although in this second period many new lines were acquired. By 1898, however, gross revenue (east of Pittsburgh and Erie) had risen to only $65,000,000, although the company was carrying 84,220,000 tons of freight and some 36,000,000 passengers...
...exceptions such as the prospective $40,000,000 Jones & Laughlin bond issue, three-fourths of which will go into new steel mills, and the $10,000,000 of equipment trust certificates to be sold by two of U. S. Steel's railroad subsidiaries for the purchase of freight cars, the bulk of corporate financing is still refunding-swapping new money for old.* Interest rates are so low that almost no solvent corporation can resist the temptation to call in old high-coupon bonds, pay them off with cheap funds...
...Worcester Governor Curley of Massachusetts popped aboard to regale the President with friendly conversation. A few minutes after the special's arrival in Boston's freight yards, police cars sounding sirens pulled up in front of No. 2 Holyoke Place, Cambridge, home of the Fly. A crowd came running at the sound, packed close around the big car from which Franklin Roosevelt emerged. "Boooh!" shouted voices in the rear. "Boo! Boo!" Seldom in his life had Franklin Roosevelt been booed. He looked straight ahead as he was helped toward the door of his Club...