Word: railroads
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Dates: during 1920-1929
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Full details of expenses, train-times, and credentials have been forwarded to the delegates. A 50 per cent discount on railroad fares will be granted to those who are equipped with certificates for the Y. M. C. A. Student Conference at Silver...
...annual report of the New York Central Railroad for 1923 was a fitting tribute to its late President, A. H. Smith. Last year proved to be the most successful year in the long history of the road, not only in respect to earnings, but also volume of traffic, improvements and acquisition of the stock of subsidiary companies. Net income for 1923 was $45,339,426, -an increase of more than 120% over the net of $20,635,186 for the year preceding. Last year, after allowing for funded debt and sinking fund, earnings on each common share were $16.47, compared...
...Senate passed its first important piece of railroad legislation-the Gooding long and short haul bill. The bill has to do with a phase of railroad rate-making usually referred to by the words "Charge whatever the traffic will bear." This does not necessarily mean, as it is sometimes interpreted, to raise rates as high as possible. The object of the Gooding bill is to prevent the railroads from lowering certain rates. The problem came up in 1887 and was referred to the Interstate Commerce Commission. The existence of the Panama Canal has put a new twist...
...while the surtax rate would have been 50% on both the Fords' incomes had these earnings been distributed to them in the form of dividends. Incidentally, this in part explains Henry Ford's willingness to buy all sorts of business enterprises of late, such as his railroad or his huge new development at River Rouge. "Lateral" trusts-i.e., mergers of industries of the same sort-are forbidden by the Sherman Anti-Trust Law on the grounds of restraint of trade. But for the "vertical trust," involving ownership of all productive and transportation facilities needed for manufacture...
COMING. During the past week the following men and women arrived in the U. S. on the following ships: On the Reliance (United American) ? Mrs. E. H. Harriman, widow of the railroad magnate...