Word: parkinson
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Dates: during 1950-1959
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...payment) will be paid by the Equitable Life Assurance Society (see below), which will rent the cars to the Pennsy for 15 years, on a sliding scale running from $1.50 down to $1 a day. This is the fourth rail equipment purchase Equitable has arranged since President Thomas I. Parkinson launched its plan eight weeks ago (TIME, April 10) to 1) put its idle funds to work, and 2) furnish cash-short railroads with cars they badly need. The other deals: 1,300 cars for the Atlantic Coast Line, 1,500 for the New York Central, 500 for the Delaware...
Carry found his man in white-thatched, pink-cheeked Thomas I. Parkinson, president of the $5.3 billion Equitable Life Assurance Society. Last week Parkinson announced a smart new solution to the problem. Equitable will buy cars from Pullman and other manufacturers (in payments spread over five years), and lease them to railroads on 15-year contracts. Gossip among railroad men was that the rent will be less than the $1.75 a day which roads now charge when they swap each other's equipment. When the contracts expire, the roads may return the cars to Equitable, or rent them...
...liked Dr. Oberholtzer's picture on TIME. We are very proud you chose him to be the first person in Colorado to have his picture on the cover. Mrs. Parkinson read us parts of the article. We think it was very fine. We are sorry you left out the part about manuscript writing. Mr. Iwasaki took some pictures of us writing at the board...