Word: ironton
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Dates: during 1920-1929
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Railroads? In 1920 Mr. Ford paid $385,000 for the control of the Detroit, Toledo and Ironton Railroad, and financiers said he was paying just exactly that sum for "worthless paper." The gross income for the first five months of 1923 is stated as being $4,156,877, which is more than the D. T. & I. took in during any of the full years 1916 to 1919. And the annual earnings for the road this year are figured at $1,530,000, which, allowing for all taxes, should give a net income of over...
...addition, continued rumors indicate that the Detroit super-manufacturer is intent upon acquiring railroad lines which will link up his present road, the Detroit, Toledo & Ironton, with the South Atlantic coast; stories center especially upon the Virginia Railroad, and Detroit interests said to be allied with Mr. Ford are reported to be securing options for a new line between Gilbert and Huntington, which would link up with Ironton at one end and the Virginia Railroad on the other. This right-of-way is largely held by the Pond Creek Coal Company, which Mr. Ford acquired recently...
...soft as his head is hard and that the fortunes and happiness of those dependent on him is a matter of his real concern. But in the case of his latest venture he has reached a height never before attained. For the employees of the Detroit, Toledo and Ironton railroad, which is his latest acquisition, he has plans truly worthy of his efforts. Every worker on the road is to be assured not only of adequate food, clothing and shelter, but each family is to have a sewing machine, a phonograph, and an automobile as well. The next thing...