Word: railroads
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Dates: during 1920-1929
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Into the eastern railroad situation of the U. S. were injected two large new merger plans last week, carrying promise of consolidation and settlement, carrying also prospect of confusion and conflict...
Four Powers. Perhaps the general outline of the eastern railroad situation is most clearly seen through an analogy between the pre-war Balance of Power in Europe and the present Balance of Power between the rail systems east of the Mississippi...
Comparable to pre-War England, France, Russia and Germany are the Pennsylvania, the New York Central, the Baltimore & Ohio and the Chesapeake & Ohio. Like spheres of influence of the Great Powers are the territories of the Great Railroads. As the Great Powers had their colonies, so the Great Railroads have their controlled lines. Like Morocco to France, for instance, is the Cleveland, Cincinnati, Chicago & St. Louis R. R. (Big Four) to the New York Central. And as the Great Powers suspiciously eyed each other's excursions in remote Asia and Africa, so each Great Railroad arches its back when...
...Empire. Oldest railroad Empire (founded in 1827) is the Baltimore & Ohio, with Daniel Willard its Emperor and Baltimore its capital. The B. & O. runs west from Baltimore to Cumberland, then stretches a long northern arm off to Chicago and a long southern arm off to St. Louis. It has also short but vital trackage between Washington, Baltimore and Philadelphia. Through West Virginia, southwestern Pennsylvania and Ohio, the B. & O. map shows many little criss-cross branches. West of Cincinnati and Toledo, however, its main lines stretch out in lonely isolation and in the critical region between Philadelphia and New York...
President Pelley found his new railroad in better condition than it has been for many a year. In 1928 the New Haven began paying regular quarterly dividends on its common stock for the first time since its overexpansion...