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Actually the petition was presented by Associated Railways Co., a jointly-owned corporation set up to buy M. & St. L. for $7,200,000?to be furnished by Mr. Jones. After abandoning one-third of M. & St. L.'s 1,500 miles of line. Associated Railways proposed to parcel out the rest for the partitioning carriers to operate?429 mi. to either Chicago Great Western or Milwaukee; 197 mi. to Burlington; 140 mi. to Chicago & North Western; 92 mi. to Rock Island; 47 mi. to Great Northern. In addition there are several proposals for joint operation, some of which include...

Author: /time Magazine | Title: Business & Finance: Partition Petition | 9/23/1935 | See Source »

Died. Frank Harris Hitchcock, 65, Postmaster General in the Taft Administration, publisher of the Tucson Daily Citizen; of pneumonia; in Tucson, Ariz. As Postmaster General he started postal savings, parcel post, airmail...

Author: /time Magazine | Title: Milestones, Aug. 12, 1935 | 8/12/1935 | See Source »

...enjoy his birthday presents. Because Cavalcade and High Quest made 1934 Mrs. Isabel Dodge Sloane's year, the efforts of his horses that year were not spectacularly gratifying, but the $1,000,000 came in handy. Young Turfman Vanderbilt enlarged his racing string to 56. mostly with a parcel of yearlings bought from Walter J. Salmon. This year, Vanderbilt horses have won 57 races, $15,.000 in prizes. It is most unlikely that, in his second season as a racehorse owner. Alfred Gwynne Vanderbilt will fail to be the most successful one in the U. S. Last week...

Author: /time Magazine | Title: Sport: Timely Discovery | 7/22/1935 | See Source »

...some $600,000 worth of jewelry disappeared from the Manhattan hotel room of Mrs. Jessie Woolworth Donahue, while the daughter of the founder of the 5 & 10? store fortune was taking a bath. On Oct. 13 Noel Scaffa walked into police headquarters, laid down a brown paper parcel containing all the jewels. He had got them, he said later, from one Sam Layton in exchange for a $65,000 reward posted by the company with which Mrs. Donahue had insured her jewels. On Oct. 23 Chief Assistant District Attorney Ferdinand Pecora had Scaffa indicted for compounding a felony by allowing...

Author: /time Magazine | Title: CRIME: Retriever in Trouble | 6/10/1935 | See Source »

...River (tributary of the Tennessee), had begun buying a power site. When 80% of the land for a reservoir had been acquired, TVA stepped in, bought two small tracts for "national park purposes," one of a few acres, the other 30 ft. by 50 ft. For the more minuscule parcel of land TVA paid $150 (compared to $4 or $5 paid by Aluminum Co. for similar land nearby) but it was worth it, for Aluminum Co. could not legally flood two "national parks...

Author: /time Magazine | Title: POWER: Exceptions & Explanations | 6/3/1935 | See Source »

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