Word: railroads
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Dates: during 1930-1939
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...talkative, a shrewd but generous man, a violent stickler over restaurant bills but an open-handed charitarian. When the U. S. entered the World War, he promptly arranged to give half his income to the Red Cross. Yet he was so enraged at being overcharged ten cents in a railroad diner that he spent days brooding and writing letters of protest to the company...
...famed Van Sweringen brothers bought their first railroad-the Nickel Plate (New York, Chicago & St. Louis R. R.)-from the New York Central for $8,500,000. The road made money steadily for 15 years. But between 1927 and 1929 the Vans made a second, less prudent purchase. After a spectacular tussle with the Taplin interests (Pittsburgh & West Virginia R. R.), which resulted in a virtual corner on the stock market, they bought control of the Wheeling & Lake Erie...
Warned President Brooke: "Substantially all the notes must be deposited if the Nickel Plate Railroad is to be assured of avoiding reorganization under Section 77 of the Bankruptcy...
While the major U. S. railroads were last week pleading to Franklin Roosevelt's Fact-Finding Commission that they cannot continue in business without enforcing a 15% wage cut, directors of a little U. S. railroad which has not operated a train or sold a ticket in 89 years met in Adrian, Mich, to pay a $24,000 dividend...
...group of Adrian citizens built in 1836 the Erie & Kalamazoo R.R., linking the navigable waters of the Kalamazoo River with Lake Erie. Only 22 miles long, it was the first railroad west of Schenectady. A pair of horses hitched in tandem pulled the original two-story, twelve-passenger day coach or "pleasure car." When addition of a 20-horsepower, wood-burning locomotive failed to pull Erie & Kalamazoo through ten years of hard times, it was sold to satisfy creditors...