Word: railroad
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Dates: during 1950-1959
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...Vulcanization and later the automobile fed the prosperity; output rose to a peak of 42,286 tons in 1912-at prices that hit $3 a lb. In the jungle, the rubber barons enslaved Indians and immigrants, drove them so hard that 300,000 died; a 230-mile railroad, built to carry rubber from Bolivia, cost 70 lives a mile to build. In Manaus, the rubber tycoons built mansions and watched Pavlova dance in a $10 million opera house. Then England's Henry Wickham smuggled rubber tree seeds to London's Kew Gardens and on to the Far East...
...confusion when Connecticut-born Philosopher Bixler arrived in 1942, after teaching at Harvard Divinity School. Founded in 1813, Colby had opened on a pleasant site between the quiet Kennebec River and a country road. A century later, the campus lay suffocating between smelly paper mills and a clanking railroad...
...that. Through its stock holdings, Alleghany has 17% working control of the New York Central Railroad, plus 50% ownership of the Missouri Pacific Railroad. The Central also owns more than $500 million in Manhattan real estate, including the Park Lane, Commodore, Biltmore and Barclay hotels, plus several blocks of Park Avenue land. Biggest plum of all: Alleghany's 47.8% control of Investors Diversified Services, which manages five mutual funds whose combined assets total about $3 billion. This great Alleghany complex, says Sonnabend, "has been static since Robert Young died. It needs new vitality and dynamism...
...shack in the railroad yards at Antigo, Wis. last week sat four railroadmen: a fireman, a conductor, a brakeman and a flagman. All together, they collect pay totaling $110 a day, not counting fringe benefits. Their job: doing nothing. Earlier this year, the Chicago & North Western Railroad decided to eliminate one of the two switching locomotives at Antigo because there was not enough work to keep them busy. But the road may not remove the idled crew without union permission, and permission had not been given...
...RAILROAD operators say they have had enough. "The necessity of employing firemen on freight and yard diesels costs the New Haven over $3,500,000 a year," says George Alpert, president of the New Haven Railroad. "This is absolutely unessential." Says E. F. Bidez, vice president of the Central of Georgia Railroad: "In 1958 we paid firemen on freight and switch engines $1,005,000. Considering the fact that we could get along without most of them, that's a good bit of money. It's 50% of the net earned last year." The Great Northern Railroad reports...