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...railroad. Last year Erie persuaded its creditors to stretch out some debt payments. Its deficit shrank from $8.9 million in 1970 to $2.1 million last year, but losses mounted again this year due to sluggish steel shipments. Through a series of subsidiaries, Erie is controlled by the wealthy Norfolk and Western Railway. Investors are now wondering what will happen to another line controlled by the N & W, the money-losing Delaware and Hudson. If it went into receivership, it would have plenty of company: of the nation's 68 major railroads, six are in bankruptcy, and the Interstate Commerce...

Author: /time Magazine | Title: RAILROADS: Troubled Scarlet Woman | 7/10/1972 | See Source »

...have any meaning today seems like gallows humor. The Interstate Commerce Commission reports that five of the nation's 69 major railroads are broke and another 17 are near bankruptcy. Yet among this snarled wreckage, some railroads are making money. None is more profitable than the Norfolk and Western, an operator of freight and commuter lines, mostly in the East, that has $728 million in revenues...

Author: /time Magazine | Title: INDUSTRY: The Railroad That Can | 2/7/1972 | See Source »

...Driesell is everywhere--stomping when a referee's decision goes against him, storming onto the court to protest a call, diving on his belly on the sidelines to get closer to the action, roaming up and down the boundary of the court, screaming, cheering, bellowing in his downhome Norfolk, Virginia accent, cajoling his players, lambasting officials--and the fans devour all of it greedily. It's all in the contract. All part of the package that you pay for when you hire Driesell...

Author: By John L. Powers, | Title: Most Overrated Team Since Wayne and Shuster? | 1/6/1972 | See Source »

...individual statements, several spokesmen cited the seizure late Sunday night of 36 inmates at Norfolk State prison and their transfer to Walpole as a large factor in current tension...

Author: By Tony Hill, | Title: Reform Organizations Release Report on Prison Crisis Here | 11/11/1971 | See Source »

...both institutions (Norfolk and Walpole)," charged Louis L. Brin, the outside sponsor of Walpole Lifers' Group, "the most radical and life-saving idea in American Penology today, that prisoners are human, almost wholly eludes the administration...

Author: By Tony Hill, | Title: Reform Organizations Release Report on Prison Crisis Here | 11/11/1971 | See Source »

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