Word: railroads
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Dates: during 1920-1929
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...vacation-bound presidential special crossed South Dakota, the state turned into a 400-mile-long cheering section. Farmers stood in fields of young, ankle-high corn, forgot mortgages and vetoes, cheered. Townspeople gathered at railroad stations; in their hands were hats and flowers; in their hearts were peace and goodwill. Senator Peter Norbeck of South Dakota, long an insurgent, exclaimed, "We will not go into past regrets." Representative Charles A. Christopherson, farm-relief advocate, announced that all doubt concerning a third term had been swept away. The President made no speeches, no promises, receded not an inch from the posi...
...Huron, almost the entire population of 10,000 surged down to the railroad station. "South Dakota is the sunshine state, all the people here are feeling great," they chanted. A schoolgirl drum-corps accompanied the song, prompted Mrs. Coolidge to call out: "This is better than being in schoof, isn't it?" Then the crowd sang another song, a parody of the famed Gallagher-Shean melody, ending with the refrain: "Absolutely President Coolidge, South Dakota welcomes you." Pleased, the President asked for a copy of this song, received a fistful as he extended his arm from the observation...
Valuation. The Interstate Commerce Commission last week announced that it considered the New York Central Railroad, including the lesser railroads of the system, worth $1,038,265,810. That was as of June 30, 1917, and might be, thought the I. C. C., somewhat less than the 1927 valuation. It would be easy to figure the' difference. Newspaper financial writers hastily calculated that the N. Y. C. was worth today $1,285,438,000. Last year the system's net income from operating trains (income from stock and land investments is figured separately) was $72,158,000-less...
...Soviet Union. Two years ago the Soviet gave him a concession to mine manganese, invaluable ore for toughening steel, in the Caucasus Mountains, between the Black and the Caspian Seas. He was to pay the Soviet Government $3 for each ton of manganese mined and to rebuild a railroad from Tiflis to Poti. He had to produce at least 500 tons of manganese a year in order to make a profit on his investment...
Last week, according to the Berliner Tageblatt, the Soviet Government, perhaps intending to vex Great Britain, agreed to restrict manganese mining at Nikopol, to take only $1.50 a ton for Harriman-mined manganese, and to waive its demand for renovating the Tiflis-Poti railroad. Those modifications made Promoter Harriman virtual overlord of Soviet manganese production...