Word: railroading
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Dates: during 1930-1939
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...days later, Bird pleaded guilty to hocking $160,000 worth of the railroad's bonds with four banks as collateral for personal loans. Flushed, but holding his handsome head high, Mr. Bird heard the prosecutor accuse him of living beyond his means, speculating in the market, and having a "hunger" for directorships. Then Bird's lawyer, George H. Cohen, rose to tell the story behind the crime. His story...
Omaha. On the afternoon of August 13, 1859, a railroad lawyer stood on a bluff over the Missouri River and decided that lots in a little village on the other side were safe investments. The lawyer was Abraham Lincoln; the village, Omaha, Neb. Railroads and stockyards made it great; in 1887 real-estate transfers amounted to $31,000,000. It was also corrupt: by 1911 the income of 370 houses of prostitution amounted to $17,760,000 annually. Now the brilliantly lighted "Arcade," that in 1907 housed 300 girls, is closed. In the back room of the Budweiser Saloon...
Commissioner Splawn of the Interstate Commerce Commission is slated for Table 4, The Government and Transportation Problems, as are John Cooper, vice-president of Pan-American Airways, and John Dickinson, Solicitor of the Pennsylvania Railroad...
Back in Minneapolis, the Maharanee's family received news of the marriage with mixed emotions. Her father, a 64-year-old retired railroad switchman who gets along on a $30-a-month pension, was proud of the way Peggy was getting ahead in the world. But her brother Edward, a WPA worker, could not see it that way. "It's his race," he snapped. "I don't like...
...Rhea, on a far hotter spot than Major Angas. Robert Rhea is the oracle of the Dow Theory, which has more adherents than any other market-forecasting system. In his March 25 letter to clients, Robert Rhea declared that joint penetration of their previous lows by the industrial and railroad averages would mean that the primary market trend had changed from bull to bear, even though the bull market which began last spring has not enjoyed either normal length or the usual hectic "third phase." Robert Rhea unhappily admitted his dilemma and critics of the Dow Theory settled down...