Word: railroader
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Dates: during 1950-1959
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...even looked ahead to maintenance costs. It believes that railroads should stop spending $70,000 every six years to overhaul a coach. For far less, G.M. could sell the railroad a new coach, install it on the old wheels in 1½ hours...
Whether G.M. will go into the passenger-car business depends on how the train tests out on the New York Central, Pennsylvania and a long list of other railroads waiting to try it out on regular passenger runs. But G.M.'s Vice President (for Electro-Motive Division) Nelson C. Dezendorf is confident that G.M. can sell its newest product. Says he: "If we can build a railroad car to sell at half the price of present cars, and be operated at half the price, and be maintained at less than half the price, that's good...
...some foundations have such narrow purposes that the trustees have trouble spending the money. A Boston hospital was given a fund to provide wooden legs for Civil War veterans; another philanthropist left $2,000,000 to care for the daughters of men killed while working on the Pennsylvania Railroad...
...families daily. Working three shifts, seven days a week, some 2,500 construction workers fitted together a $43 million ore-crushing mill and smelter. Across the rugged hills more workers laid out a 4,200-ft. landing strip, a new highway, a 30-mile, $7,500,000 railroad to the Southern Pacific's spur at Hayden. Last week, six months ahead of schedule, the first trickle of molten copper came out of the huge San Manuel smelter...
...Manuel into operation, the Government gave Magma a strong helping hand: a $94 million loan from the RFC, fast tax write-offs on plant and railroad, and a price prop at 24? a Ib. With copper now selling at 43? a Ib., Magma's rough-and-ready President Wesley P. Goss had plenty of reason to fire up San Manuel ahead of schedule. Says he: "When you have more than $100 million tied up, you are interested in getting into production as quickly as possible and getting some of those dollars back...