Word: money
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Dates: during 1940-1949
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...five separate lines, it has grown into a $2.4 billion empire which operates 24,178 miles of main track, twelve hotels, three steamship lines, an airline (TransCanada) and a nationwide telegraph service. It has become Canada's biggest employer (some 111,000). In recent years, C.N.R. has earned money on its operations, but, except for the war years, has seldom shown a net profit. Last year's earnings ($26.5 million) were not enough to meet even half the interest payments on C.N.R.'s longstanding debt-a whopping $1.3 billion...
Buck Duke; who died in 1925, had thought of just about everything. Counting subsequent Duke endowment funds (and previous family gifts to Trinity), the Duke benefactions amounted, in time, to more than $50 million. The only thing that money couldn't buy overnight was a solid academic reputation...
...movie empire which Britain's Cinemogul J. Arthur Rank put together in 14 years was in the midst of its own austerity program. Up for sale this week at public auction will go his studios at Shepherd's Bush and Islington. Rank, who could use the money, hopes that they will be knocked down for not less than ?250,000, possibly to BBC's television division. (The studios are too antiquated to interest U.S. moviemakers in England.) Of the four studios which will be left to Rank, two are shut tight and two are operating at only...
...Rank's troubles were caused by the fact that he had grown too big too fast. After he had won critical huzzahs and made money on such pictures as Henry V, he had attempted to increase his annual output of pictures from 25 to 60. Directors like Sydney Box (The Seventh Veil), who had been turning out five good films a year, were told to make 20. There was not enough moviemaking talent for all the pictures and the result was a dreary parade of box-office flops which cut into the profits of Rank's theaters...
...Trollope as a professional writer (she wrote more than 20 novels and books of travels in the remaining 30 years of her life) and helped to recoup for herself and her five children (of whom Anthony Trollope was to become a far more famous author than his mother) the money lost in "Trollope's Folly." Her new readers of 1949 are likely to laugh, both at Britain's Trollope and Jackson's America. Like Mark Twain, they may even decide that of all books about the U.S. by visiting spitfires, they "like Dame Trollope best." Wrote Twain...