Word: rail-road
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Last week some 10.000 bankers, rail-road officials, textile manufacturers, lawyers, editors, building contractors, food packers and public utilitarians read the foregoing Cabinet guess and found it good. To each it had come in a mimeographed letter from Washington, enclosed in a sealed envelope with a 3? stamp. They all were paying $18 per year to receive this and similar information every week. It was the Kiplinger Washington Letter, smartest and most alert of three similar services conducted at the Capital...
...from-the-hip action, together with that of his neighbor Governor William Henry ("Alfalfa Bill") Murray of Oklahoma, skyrocketed crude oil prices from loc a barrel last year to more than $1, he had to defy a Federal Court to do it. Three Federal judges had ordered the Texas Rail-road Commission to cease & desist from enforcing its proration regulations until the conservation law could be reviewed. Governor Sterling, eying the chaos around him, set about enforcing proration come what might. He maintained that his edict could not be reviewed by Federal judges. "But." said the Supreme Court, "if this...
...Silk is so valuable a commodity that insurance rates on it have been high. Famed in rail-road lore used to be the "crack silk" trains running out of Vancouver; every hour saved meant a saving in insurance. Lately because of low silk and low insurance prices, many a bale has made the leisurely Panama passage...
...board's attitude of secrecy, however, did not prevent President William Wallace Atterbury of Pennsylvania R. R. from announcing that his road would apply for a loan of "$5.000,000 a month for an indefinite period" to carry on the electrification of its New York-Washington line. Rail-road Credit Corp. intimated that it might ask for a loan until funds from the emergency rate surcharge began flowing into its pool. It was reported that enough closed banks had already made applications to utilize the full $200.000.000 allowed in the R. F. C.'s charter for their assistance...
...fewer passengers and less freight on the "Great White Fleet," United Fruit still remains supreme in its field. Last week it was apparent that United Fruit has lost none of the aggressive spirit which has so firmly entrenched it in Central America. In Honduras the company was building a rail-road through the banana country, acting on a concession granted in 1912. The Honduran Government decreed the concession had been cancelled by failure of United to comply with certain terms, ordered work stopped. When United's engineers showed no signs of abandoning the project, President Vincente Mejia Colindres said that...