Word: railroader
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Dates: during 1950-1959
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...McCarthy used his $10,000 Lustron fee to buy stock in the Seaboard Air Line Railroad, which owed more than $15 million to RFC. When he bought the stock, it hadn't paid a dividend for many years. The stock went up and Joe sold 1,000 shares last September at a profit of $35,614.75. Asked the subcommittee: "Was there any relationship between Senator McCarthy's position as a member of the Senate Banking and Currency Committee and his receipt of confidential information relating to the stock of the Seaboard Air Line Railroad...
...Haven. It is a simple, sunlit house, perched on top of a hill; Wilder's sister Isabel keeps house. When he is there, he usually gets up at 7 ("The bell of Lawrenceville still rings in my head") and goes out for breakfast - sometimes to the railroad station, a three-mile walk. He eats whatever he feels like eating. "What did you have for lunch?" Woollcott once asked him. "Lobster Newburgh, cocoa and brandy." Said Woollcott with a shudder: "That's the worst meal since the Borden Breakfast...
...five years scores of investigators for Congress, the RFC and the Department of Justice have hunted for skulduggery in the RFC's relations with its biggest ($86 million) railroad debtor, the Baltimore & Ohio. All of them found plenty of things to criticize, such as the RFC's agreement to swap collateral for less valuable security, its failure to nail down repayment terms, and the way ex-RFC officials grabbed off juicy B. & O. executive jobs. But none of them found anything on which to prosecute. Last week in Washington, a federal grand jury decided it had something...
...filed statements with the RFC and the ICC reporting cash balances considerably lower than the actual balances. Presumably, the smaller balances minimized the road's ability to repay the loan (now reduced to about $68 million). The evidence seemed none too strong, and railroad experts explained the discrepancies by saying that the bookkeepers had merely reported, in advance, transfers of funds which the B. & O.'s funding contracts required them to make later...
...long succession of boring jobs without a future had made him uneasy. Awkward and bashful, he didn't even have a steady girl to cheer him. He loved his Swedish-immigrant parents, but he wanted something more exciting than his father's life as a railroad laborer, ten hours a day, six days and six dollars a week. Eventually he was to find a life very much to his liking, but at the end of this long book he is back home in Galesburg, his hoboing and the Spanish-American War behind him, and he is still adrift...