Word: railroading
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Dates: during 1930-1939
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...State of New Jersey the railroad owed $11,651,000 of taxes unpaid since 1932. That was 40% of its tax bill for that period. It had paid the rest. Month ago the State threatened to go to court to collect its bill for 1932-1933 ($7,230,000 of taxes, penalties & interest). With only $2,360,000 cash on hand to meet the tax bill, Jersey Central escaped to the courts...
Pointing a long finger, Senate President Robert C. Hendrickson shoved it directly under the falcon nose of Jersey City's Mayor Frank Hague, charged that he alone was responsible for Jersey Central's bankruptcy. Reason: Boss Hague blocked the railroad tax compromise. Hague excuse: The bill was an attempted "tax steal." Roared he: "They are walking out with $35,000,000, and they are going to crucify Hague because he tells them they can't take that. . . . Mr. Railroads, just as long as the small taxpayers must submit, you'll submit. . . . Hague and Hagueism will haunt...
...Central Railroad of New Jersey; New York Central; New Jersey & New York; Delaware, Lackawanna & Western; Lehigh Valley; Pennsylvania; Reading; Erie; New York, Susquehanna & Western...
...Arthur Curtiss James was 40 and he had just received $25,000,000 by his father's will. Instead of diversifying his investment as he was advised, he began to concentrate in railroad securities. By 1926 he had a beard like a buffalo, owned the world's largest square-rigged yacht (the 675-ton Aloha), was Board Chairman of the big Western Pacific, controlled 40,000 miles of railroad trackage-a full seventh of the U. S. total-most of it in the Northwest, stamping ground of the late great Railroad Builder James Jerome Hill, whom...
...last week Arthur Curtiss James, now 72, had turned another corner. The biggest railroad owner announced that he no longer felt able to handle the duties of Western Pacific's Board Chairmanship, that at year's end he would vacate...