Word: freights
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Dates: during 1950-1959
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...mountain whistle-stop of Balvano, 60 miles southwest of Naples, special train 8017 stopped for water. Then it struggled off into the rainy night-two locomotives tugging 45 freight cars jammed with some 700 passengers. In a damp, narrow, two-mile-long tunnel, train 8017 stopped again...
...incline was steep. As the wheels of the two locomotives spun on the slippery rails, smoke poured from the stacks, swirled about the passengers. In the caboose, still sticking out of the tunnel, a brakeman heard strange noises coming from the freight cars ahead, realized something was terribly wrong, ran back down the track to Balvano. When he arrived, Assistant Stationmaster Giuseppe Salonia-told by the next station that 8017 had not arrived-was trying to figure out where the train could be. Rescuers rushed to the tunnel in a locomotive. From inside came the sound of the stalled engines...
Last week, in its annual report marking the centennial of the first run, the Erie showed how the work of art has mellowed with age. During 1950, the Erie hauled 42,339,984 tons of freight and 11,038,075 passengers, to earn $13,455,493, the third highest profit in its history. With defense production stepping up road traffic, Erie hoped to better its record this year...
...until after its fourth bankruptcy, in 1938, did the Erie begin to steam upgrade again, with Oldtime Railroadman Robert Eastman Woodruff,* 66, at the throttle. Woodruff, who had risen from section hand to president in 36 years with the Erie, bought new diesels for fast freight, streamlined the Erie's creaky business methods, cleared $21.8 million in 1941. The next year, Erie directors cheerfully announced that "icicles have sprouted in hell." They paid a 50? common dividend, their first in 69 years. Dividends have been declared every year since (1950's payment: $1.75 a share...
Erie has spent $114 million on new equipment in the past ten years, now hauls a bigger percentage of freight with diesels than any other trunk line in the U.S. Its radio communications system, linking the engineer with the caboose and with wayside dispatchers, is the most elaborate in the U.S.; its accident rate is less than half the U.S. railroad average. Wall Street's scarlet woman has become as correct and prudent as a Park Avenue dowager...