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Word: kimballton (lookup in dictionary) (lookup stats)
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...victim, also an lowan, was Atlantic Northern, with 17 miles of track. Only farmer-owned railroad in the country, it was built in 1907, thrifty Danes of Elk Horn and Kimballton, Iowa putting up $350,000. Then came the truck which hauled cattle for less money, convinced farmers that even a farm-owned road was not worth keeping. Atlantic Northern had no bonds. Its property was appraised at $117,000. Its farmer-directorate will sell to anyone for 15% of that...

Author: /time Magazine | Title: Business & Finance: Double Death | 1/20/1936 | See Source »

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