Word: motorize
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Dates: during 1930-1939
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...surcharge and reduced first-class (chair and sleeping car) fare from 3.6? a mi. to 3?. Eastern and Midwestern lines have so far failed to follow suit because passenger business is their chief source of revenue. Stung by the railroad's bid for passenger service, the Association of Motor Bus Operators appealed to President Roosevelt. Under threat of upsetting their NRA code cart the association demanded that the roads be prevented "from operating at ruinous rates designed to cripple or destroy highway transportation...
Still trying to get around Mr. McCarl, General Johnson advised Secretary Wallace that Ford Motor Co., "save in respect of certain technical particulars which are considered immaterial," had satisfactorily complied with NRA requirements, but that Dealer Sabine ought not to get the contract. He was, reasoned General Johnson, "probably" violating the automobile retail code by bidding lower than the list price for Ford trucks...
Last September Hupp Motor Car Corp.'s biggest stockholder, Promoter Archie Moulton Andrews, backed a proxy campaign to oust the entire management of Hupp, particularly Directors Charles Hayden and Moritz Rosenthal who are potent in Hupp affairs. The proxy appeal to stockholders said: "It is sufficient ... to point out one record which shows that the president of your company, during two years, drew $250,000 of salary while the company reported losses in excess of $8,000,000. . . . Large stockholders . . . feel that it is about time that the management of the corporation is brought to the realization that...
...years ago Peerless was a good automobile. Last year Peerless became a shut-down automobile factory. Last June Peerless decided to become a beer. So Peerless Motor Car Corp. changed its name to Peerless Corp., gave its stockholders rights to purchase one new share of stock at $5 for each five shares they held, announced that Redmond & Co. of the New York Stock Exchange had agreed to underwrite the sale of all shares not subscribed by stockholders. Of the 92,348 shares offered, stockholders subscribed just 277. Last week Redmond & Co. refused to take the 92,071 Peerless shares remaining...
...retailers to sideboards as none of the distillers or importers except perhaps Schenley is yet prepared to do. After the stampede is well begun, as all liquormen are beginning to realize, the real money will go to the ablest sales organizations, just as it does in the modern motor industry...