Word: railings
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Dates: during 1920-1929
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...McAdoo is just now cake-walking into aviation, he explained last week: "We're in a new era now. The rail-road boys must hustle to keep up. I ought to know." (He was War director of U. S. railways...
Romantic reporters who discuss the Van Sweringen Rail Empire also discuss the Van Sweringens as Rail Emperors. On such a basis, however, able John J. Bernet should certainly be listed as at least No. 1 Field Marshal. For though the Van Sweringens may handle the stocks and bonds, it is Mr. Bernet who has most to do with making the engines go and the cars follow them. In 1916 he took the Nickel Plate, commonly known as "a streak of rust," and quickly made it a sound and paying railway. In 1927 he was transferred to the Erie...
...onetime railroad attorney, did not participate in the case. The Court's ruling set at naught the valuation placed by the I. C. C. on the O'Fallon, relieved the road of paying to the U. S. a share of its profits on that valuation and sent rail stocks jubilantly sky-rocketing in Wall Street. C. & O. spurted up 23 points...
...Fallon case was loosely called "the greatest law suit in history" because: rail rates are fixed by the I. C. C. to allow the carriers a profit. The amount of profit depends on valuation. For 15 years the I.C. C. has been tentatively valuing U. S. rail properties. I. C. C. valuations have generally been on the principle of original costs, plus improvements, less depreciation. The carriers have contended for valuations on the basis of reproduction at present price levels ("current reproduction value"), less depreciation. In 1920 the I. C. C. valued U. S. railroads at approximately 19 billion dollars...
...Manhattan, famed cinema-arbiter, U. S. Postmaster-General in the Harding cabinet. Grounds: incompatibility. They were married in 1902, have been separated for several years. Mr. Hays asked custody of Will H. Hays Jr., 14. Died. William L. Strong, 44, of Peoria, Ill., famed lightning calculator; on a rail-road viaduct in Bartonville, Ill., where he was mentally adding the figures on passing box cars for practice. Calculator Strong told builders the number of bricks needed for walls, computed cube roots in his head, invoiced store stocks from memory. Always he said: "I don't know...