Word: railroader
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Dates: during 1950-1959
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...Suiyuan-Mongolia Railroad: Red China will run this projected 600-mile line from the Paotow region to Ulan Bator, Outer Mongolia's capital, and the Trans-Siberian beyond. This will be Russia's second new main line to Peking...
...paradox. It is the home of the Last Puritan and the first New Dealer. It has turned out Autocrats of the Breakfast Table (Oliver Wendell Holmes, 1829), the dinner table (Lucius Beebe, 1927), the atomic table (J. Robert Oppenheimer, 1926), and the timetable (President Walter Franklin of the Pennsylvania Railroad). One of its alumni, John Reed, 1910, was buried in the Kremlin; another was Horatio Alger, 1852, known to his classmates as "Holy"' ("I shall have to move," said he in his first year, "to where there is more respect for decency...
...YORK Central is negotiating to lease Canadian National railroad's 40-mile branch line between Massena, N. Y. and Huntingdon, Que. The Central sees the short, easy-grade line as an important link in its plan to do a heavy freight business by picking up Labrador ore at the Montreal terminus, shipping it southwest to U.S. blast furnaces...
...Railroad Tycoon Robert R. Young, in the midst of a fight for control of the New York Central, last week got something close to a toe hold on control of another road, the $797 million Missouri Pacific Railroad. The Mopac went bankrupt in 1933, and four times the Interstate Commerce Commission has drawn up reorganization plans for it. Young, whose Alleghany Corp. owns 49% (396,000 shares) of Mopac's common stock, has helped to have the plans overturned every time, either before the ICC or in court. The reason: while the plans called for bailing out the system...
...Mopac earns at least $76.1 million a year before interest and federal taxes in seven consecutive years out of the next 15. The chances of such earnings, and thus of the common stock's being worth anything, are slight. Only in 1942, 1943 and 1944 were the railroad's earnings as much as $76 million. Since then they have slipped, and last year's earnings before interest and federal taxes are estimated at $44.7 million...