Word: railroading
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Dates: during 1920-1929
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...lawyer-businessman Secretary Hurley has made money. He pulled the wildcatting Gililland Oil Co. out of bankruptcy, sold it to Standard Oil for a $3,500,000 profit. He is part owner of the Hurley-Wright Building (U. S. Railroad Administration) in Washington, of apartment houses in Tulsa...
...Interstate Commerce Commission, in its annual report last week, shook a warning finger at non-carrier holding corporations which gain control of two or more competing railroad systems. Congress was asked to make a "thorough investigation" of this latest corporate custom by which the I. C. C. feared its plan for rail consolidations "is very likely to be partially or even wholly defeated." The Commission admitted that for such a new threat it could not find an appropriate remedy...
...valuables. With a loot of no more than $800 he fled. He did not even look into the express car, where the dining car steward was hiding with $300 in cash. Out into the hills to catch the bandit "dead or alive" rode hundreds of searchers?sheriffs, deputies, policemen, railroad detectives, cowboys. Six suspects were rounded up, questioned, released. Then the hunt was abandoned...
...give the exporter what is known as "a continuous document of possession," so that he can borrow money on his goods while they are in transit. At present such goods are a frozen asset while in transit. A middle-west manufacturer can put goods for export on a railroad train and forget about them until he receives the money for them from Bush Service, which will collect his customers' bills in Europe. An indication of the scope of the system: in Rumania there will be Bush Service offices in 14 cities, only one of which is even remotely familiar...
...City of New York in formulating a new building code. His colleagues number 220, chosen by the Merchants' Association of New York to represent the public in future hearings on the building code. A city within a city is Brooklyn's great Bush Terminal. There are piers, warehouses, factories, railroad lines and terminals, a vast panorama of industry that unrolls itself over 20 acres of South Brooklyn waterfront. This industrial city has a daytime population of 35,000, its own police force, and its own courts for the settlement of internal disputes. It is the creation of one man, Builder...