Word: railroads
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Dates: during 1920-1929
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...Soviet Government. He represents no existing government. He represents a state that once was. He was left behind by the last Russian Ambassador, M. Bakhmeteff, to settle such of the late Russian Government's debts as could be settled. His verdict of $853,000 from the Lehigh Railroad was for losses of War supplies belonging to the late Russian State. The proceeds are supposed to go to the U. S. Treasury as "interest...
Yoakum. Benjamin F. Yoakum of Manhattan is a railroad man. His father was a doctor and a minister in Texas. The son began his career as a "colonization agent" of a Texas railroad. He rose, became a railroad president (St. Louis & San Francisco). He gave "much thought" to the cost of living, etc. In February, 1922, he came forward with a plan for funding foreign War debts to the U. S. He proposed that the debtor nations issue to the U. S. 4½% 50-year bonds with a sinking fund of 2% yearly. With these as collateral...
...recent events have considerable significance for the railroad business. One is the annual recurrence of vacations; the other, an aggressive willingness to accommodate the public on the part of the railroad managements. Special excursions are being constantly devised as a result, with considerable profits to the companies...
...proceedings held in January, 1923, whereby the Van Sweringens were permitted to serve as directors on the Nickel Plate, Hocking Valley and C. & O. It is evident from this step, that the old Congressional fear of "interlocking directorates," however obsolete and however inconsistent with a policy of favoring railroad consolidations, is not yet allayed. The minority C. & O. stockholders were greatly cheered over this investigation of ancient history, and the proponents of the proposed Nickel Plate merger were proportionately disappointed at the prospect of further official delay...
...Lorenz Philipp, 64, onetime (1915-21) Governor of Wisconsin, Republican and arch enemy of the late Senator LaFollette; in Milwaukee of a heart attack. In 1908, he sued McClure's Magazine for $100,000 for libel in publishing articles accusing him of lobbying and receiving improper commissions from a railroad. He won a verdict...