Word: railroads
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Dates: during 1930-1939
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Texas' biggest political news of the week was. however, the race to succeed Mr. Allred as Governor. In a field of twelve for the Democratic nomination (virtual election), leading contestants until last month were Attorney General William ("Bill") McCraw and redheaded Railroad Commissioner Ernest Othmer ("Red Colonel") Thompson. Then into the race stepped Wilbert Lee O'Daniel, of Fort Worth, a radio character well-known to Texans, for years a flour salesman, later a miller...
With some hope of salvaging its industry, the Association of American Railroads three months ago voted a 15% wage cut effective July 1 (TIME, May 9). But so complex is the machinery provided by the Railway Labor Act that the A. A. R. realized it would take several months of bickering to put through the cut. Last week the industry got a taste of what might happen in the meantime. Rutland Railroad Co. (407 miles of track mostly in Vermont), which has lost $2,000,000 since 1931, went into receivership two months ago and Federal Judge Harland B. Howe...
...court cannot reduce salaries or wages-the railroad is too poverty-stricken to engage in a strike or a quarrel of any kind or wait for the Labor Board to decide what the wages shall be ... the decision must be theirs [the employes']. . . ." Simultaneously Judge Howe reversed his earlier stand, allowed creditors to sue. The ink was scarcely dry on his ruling when three banks (Central Hanover Bank and Trust Co., United States Trust Co. of New York, Old Colony Trust Co.) filed foreclosures on mortgages involving $9,250,000. This week Judge Howe is meeting with "all persons...
Pennsylvania Railroad Co., which gets fat freight income from coal, asserted that State industries might be robbed of much-needed revenue. Steelman Wolcott replied that he bought only 55,000 tons of Pennsylvania coal a year, anyway (plus 20,000 tons from West Virginia), would continue doing so-unless continued losses forced him to close the plant. Coatesville townsfolk, about 90% of whom depend on Lukens for a living, backed his plea and last week Pennsylvania's Public Utility Commission decided Lukens could buy its gas direct from Columbia's subsidiary. Henceforth, instead of the 20,000 tons...
...that he had once been interrupted when he was just on the point of raising an Indian from the dead, which gave him a useful reputation. He got to know the Indians in the village: the master of a pump station which pumped water through the jungle to a railroad depot; the pump master's wife, an aristocrat because she owned pots and pans; a young, handsome Indian named Perez; the Garcia family-old Garcia with a silky beard and a taste for music, his young wife, his eldest son, Manuel, home on a holiday from the Texas...