Word: railroads
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Dates: during 1920-1929
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...James Peak had a hole completely through its middle. Outside the hole, safely away from flying granite, Governor William H. Adams shook hands with Mayor C. Clarence Neslen of Salt Lake City. In Denver, 50 miles away, citizens rejoiced. Some thought that the six-mile Moffat Tunnel, longest railroad bore in the U. S., would soon be ready for snorting locomotives. They were wrong. Only the smaller pioneer bore,† running parallel with the railroad tunnel, was completed last week...
...Pennsylvania (W. W. Atterbury) is left isolated, except for its relations through the banking house of Kuhn, Loeb & Co. with Mr. Loree and his aims. Because Mr. Loree is the railroad adviser to Mrs. Edward H. Harriman, widow of the man who organized the Union Pacific and the Illinois Central as most potent roads, such relations are important for a transcontinental trunk system. George Jay Gould tried this at one time. But the panic of 1907 wrecked him financially, destroyed his aims...
Western Maryland's controlling shares owned by John D. Rockefeller Sr. were sold to the B. & O. A 25-year-old ordinance of the City of Baltimore, which once owned the Western Maryland, provides that this road be sold to no railroad that has main terminals in Baltimore or Philadelphia. The intent has been to provide several railroad channels for traffic to the Port of Baltimore. This may handicap the present sale...
...Leonor Fresnel Loree, ablest railroad analyst in the U. S., is apparently blocked from creating a great fifth trunk system in the East, in rivalry to the New York Central, Pennsylvania, B. & O. and proposed Nickel Plate System. He controls the Wabash (Mississippi River and Great Lakes Ports to Buffalo; it reaches the Port of New York over the Delaware, Lackawanna & Western), the Buffalo, Rochester & Pittsburgh (connecting those cities), the Delaware & Hudson (upstate New York to the St. Lawrence). The B. & O. and the New York Central own control of the Philadelphia & Reading. In this particular road Mr. Loree...
...Railroad stock transactions (see p. 25) did not deter Otto Hermann Kahn; nor did cancer studies (TIME, Feb. 14) deter Robert Fulton Cutting. Mr. Cutting is chairman of the Metropolitan Opera & Real Estate Co.; Mr. Kahn chairman of the Metropolitan Opera Company. Their directorates met last week. Said Mr. Cutting's directorate: We will build you a new theatre on West 57th street, Manhattan, to hold 5,000 people, to have 32 parterre boxes. Stockholders must pay $145,000 to own a 1/32 interest in the property and to use boxes twice a week. "Agreed," said Mr. Kahn...