Word: railroads
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Dates: during 1920-1929
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...Northeastern section of the country, the Southwestern roads, especially Missouri Pacific, Missouri, Kansas & Texas, Kansas City, Southern and St. Louis & San Francisco, are beginning to entertain serious merger developments. Whatever 1925 proves in trade and industry, little doubt exists that it will be a remarkable year for the railroad business...
...James Cox Davis, not to be confused with either of the last two Democratic candidates for the Presidency, is a native of Keokuk, la. Once he was mayor of that city; later became general attorney for Iowa of the Chicago and Northwestern Railway. When the Government took over the railroads, he became first General Solicitor of the "Northwestern" and then general counsel of the Railroad Administration. In March, 1921, he was appointed Director General of the railways to settle the controversies arising out of returning the roads to private ownership. Now in his 60's, bald, white fringed, quizzical...
...American railroad record is now better than prior...
...experiencing a sharp rise. Gasoline is being marked up. The steel industry is operating at about 85% capacity, while other metallic industries are doing well. Automobile companies, despite keen competition, anticipate good business this coming year. Except for a handful of roads, among them the St. Paul, the railroad outlook is singularly good. Moreover, the absence of sensation in business at present is a sign of continued rather than merely brief prosperity...
...successor. Like Mr. Hughes, who rose to prominence as an investigator of gas and insurance companies in Manhattan, Mr. Kellogg attained his reputation by prosecution for the Government of the Western Paper Trust (of which he secured the dissolution), by a far-reaching investigation of the Union Pacific Railroad under E. H. Harriman and by prosecution of the Standard Oil Company for President Roosevelt (dissolution also secured). While Mr. Hughes was becoming New York's Governor, Supreme Court member, presidential candidate, Mr. Kellogg continued his legal practice, became President of the American Bar Association. In 1916, Minnesota elected...