Word: railroads
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Dates: during 1920-1929
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...gentlemen met in rational argument last week and settled a railway dispute by giving $15,000,000 additional wages each year to the 89,000 conductors and trainmen of the 50 Eastern railroads. And by so much, of course, they added to the yearly operating expenses of those lines and deprived investors of their mete of profits. Their decision (it went into effect Dec. 1) was the first made under the Watson-Parker Railroad Act, and, although obedience by employers and workers is optional, they have set a precedent for labor arguments. This Act, passed last year, provides a code...
...Chang started recently from Canton with an army of 100,000 students. It must be remembered that there is no railroad between the North and the South of China, thus it is necessary to move troops on foot. Within two months Chang has marched 600 miles; and although his government has not yet been recognized by the powers, it is at present the most influential in China. I think that Europe will have to recognize this Canton government sooner or later; and when this takes place, the present phantom Pekin government will vanish entirely...
...United States Railroad History and Government Aid before 1860," Professor Gay, Harvard 1. Economics...
...horse-drawn (having lost ground long since); the self-contained unit (steam engine); the central power plant with ropes of power stretching out (electric engines). I predicted the long continuance of the second of these, the steam locomotive, as the dominant means of accomplishing the main purpose of the railroad-the transportation of heavy articles over long distances. Electricity will supplant steam, but only locally. I described the discipline of employes and touching on railroad management, said: 'It is character and power of will that enables one, as a leader, to control masses of men. He must subject...
Except for formal ratification, Kuhn, Loeb & Co. and the National City Co. of Manhattan, who represent the reorganization committee of bondholders, own the onetime Chicago, Milwaukee & St. Paul Railroad, a system estimated at $750,000,000. They bought it at an auction sale in Butte, Mont., last week for $140,000,000 and their promise to untangle the road's debts, no light task. For the pres-ent there will be no change among the operating executives. But the system's name has been altered to the Chicago, Milwaukee & Pacific Railroad, with "The Milwaukee" as the nickname...