Word: option
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Dates: during 1950-1959
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...half the $3.32 a ton it now costs to ship coal to Cleveland by rail. Although the pipe is a possible competitor of the railroads, three of them-the Pennsylvania, New York Central and Nickel Plate-allowed the pipeline to cross their right of ways in return for an option to buy 45% of the pipeline-operating company's stock. If the pipeline proves trouble-free when full-scale operation starts April 7, the industry expects it to be widely copied and the market for coal expanded...
...part series that marked the first time any Texas newspaper had ever published a searching, statewide report on the social effects of the state's alcoholic schizophrenia, the Houston Post (circ. 201,647) stirred the biggest uproar among dry voters and wet drinkers since Texas adopted its local option...
Most of the students, who had been given the option by their schools either to attend the hearing or to go to classes, brought their own lunches so as not to lose their seats during the mid-day recess. They had to be restrained in their enthusiasm for their professors by Edward Besaulnier, chairman of the hearing...
...lure Burns away from Booz, Allen, RCA gave him a ten-year contract providing for a $150,000 salary, with in creases to $200,000 over the next five years (plus an option on RCA stock). But it was not money that drew Burns to RCA. Says he: "I am attracted by the challenge." At RCA, new President Burns will find no shortage of challenges...
...regulations, slated to take effect on April 1, reduce the ready reserve requirements for draftees to two years, and offer them the option of serving six months active duty, instead of the mandatory two years...