Word: railroads
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Dates: during 1920-1929
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...Interstate Commerce Commission last fortnight took from railroad owners and officials, their families, servants and friends, a most cherished privilege?the right to gad about the country free in a private...
...oldest of railroad courtesies was the transportation without charge by one carrier over its lines of another carrier's private official car. Interstate Commerce Commissioner Frank McManamy conducted a long investigation of this practice, wrote an exhaustive report which the Commission approved. Commissioner McManamy found that the free-movement courtesy between roads led to grave abuses, that it was unfair and discriminatory to the ordinary traveling public, that it was contrary to Federal law. The Commission ordered the roads to "cease and desist," told them to assess one another a "just and reasonable charge" for such service...
...average private car. without special equipment, costs from $100,000 upwards. Its operation about the country by a non-railroad-owner requires payment of 25 full fares and as many Pullman surcharges. If the car is attached to a limited train. 25 extra-fares are added...
...avoid these charges many a rich man, instead of owning his own private car, buys sufficient stock to make himself a director of some railroad, to rate an official private car with free transportation all over the country...
Steel has lately been going at record pace. Best second quarter earnings since the war. . . . Unprecedented third quar ter generally predicted. . . . Industry operating at almost 95% of capacity. . . . Great Northern Railroad has bought 30,000 tons of steel rails. . . . Northern Pacific and Pennsylvania expected soon to place 15,000-ton orders each. . . . Rail roads will buy nearly twice as many freight cars in 1929 as they bought in 1928. . . . Two Chicago office buildings are using 14,-000 tons of structural steel. . . . General picking up in the building industry. . . . Automobiles expecting a 5,200,000 1929 production. . . . Production is expected...