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...also developed a "junior board" of bright young employees to keep a constant check on all operations and to make recommendations directly to top management. As a result of his improvements-and war traffic-the road came out of bankruptcy in 1946. After 76 years in which not a nickel was paid in dividends, the railroad made its first payments in 1947. Last year it paid $6 plus a 50% stock dividend on earnings of $14.79 a share...

Author: /time Magazine | Title: RAILROADS: Young Takes Over | 6/21/1954 | See Source »

...than 50,000 trailers a year and grosses $2,000,000 on the service. But it is only recently that most of the giants have become interested. Last month the Great Northern started a piggyback service between the Twin Cities and Duluth. This month the Lackawanna, the Erie, the Nickel Plate and the Pennsylvania are all launching similar services; the New York Central, the Lehigh Valley, the Union Pacific and the Missouri-Kansas-Texas are also about to join the parade. The railroads are betting millions on piggybacking. The Pennsylvania, for example, in starting its piggyback service between New York...

Author: /time Magazine | Title: Business: PIGGYBACKING | 6/7/1954 | See Source »

fined $50 for attempted theft, Allan Hayes, 69, angrily explained why he had assaulted a pay telephone with a hack saw, cold chisel and hammer: "I wanted my nickel back. I did what anyone would...

Author: /time Magazine | Title: Miscellany, may 17, 1954 | 5/17/1954 | See Source »

...NICKEL PRODUCTION will soon get a healthy boost. Cleveland's M. A. Hanna Co. (bossed by George Humphrey until he became Treasury Secretary) will start producing the critical metal in July at a rate which will reach 13,720,000 Ibs. a year by 1956 (eleven times present U.S. production) in a new $20 million plant at Riddle...

Author: /time Magazine | Title: Business: TIME CLOCK, may 10, 1954 | 5/10/1954 | See Source »

...Henry S. Wingate, 48, moved up to president of International Nickel Co. of Canada, Ltd. and its U.S. subsidiary, the International Nickel Co., Inc. Wingate was born in Turkey (the son of missionaries), traveled in Europe, and studied law at the University of Michigan. He joined Manhattan's famed Sullivan & Cromwell in 1929, and was assigned to the Inco account in 1930. Five years later Inco hired Wingate, elected him a director in 1942 and a vice president in 1949. He succeeds Dr. Paul D. Merica, who is retiring...

Author: /time Magazine | Title: PERSONNEL: Changes of the Week, may 10, 1954 | 5/10/1954 | See Source »

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