Word: railroads
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Dates: during 1950-1959
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...Lowell," said Massachusetts' James Whistler in later life, but he was, on July 10, 1834. The boy's father, a West Point engineer, shortly obliged him with a surrogate birthplace (St. Petersburg) by accepting Czar Nicholas I's commission to build a Moscow-to-St. Petersburg railroad. When the elder Whistler died in a cholera epidemic, James was old enough to enter West Point. In a chemistry exam, Cadet Whistler identified silicon as a gas, and West Point decided to do without him. "If silicon had been a gas," Whistler used to say, "I would have been...
...most interesting thing about this place is its owner, Lou Catania. A poor-but-honest spaghetti-puller from the old country? Not on your life. He barbered his way through the (U.S.) depression, marrying the boss's daughter. Aften ten years as a railroad brakeman, he surrendered to hay fever (dust in the baggage car) and founded a chain of pizza parlors around Boston and the Cape. "Leaning Tower of Pizza," that inspired pun, brought him national interest and the attentions of a large noodle concern. The Prince Spaghetti Company settled on Tower like a great leaking blimp...
First to be warmed was the railroad industry. Freight-car loadings jumped 14% for the week to 638,408 cars, the largest traffic since the 697,633 cars loaded in the last week of June. Even the steel industry's biggest and hardest-hit customer, the auto industry, began to thaw. General Motors, which had shut down its plants, began to call workers back to resume making parts. Ford put its operation on five days, and scheduled overtime on the Falcon, Thunderbird and Lincoln. (But Chrysler laid off more workers, stopped production of its Valiant.) With American Motors...
Immigration to crack production bottlenecks and bring new blood to the isolated country was another big factor. A third was a huge public works program that has spent $1.2 billion to standardize the nation's chaotic five-gauge railroad system, build new airports, roads, telephone and telegraph lines, and heavy utilities needed as a foundation for industry. The government's giant $1 billion hydroelectric project in the Snowy Mountains south of Canberra is already producing power, will ultimately generate 3,000,000 kw. and provide 1,800,000 acre feet of irrigation water for the states of Victoria...
...Only about 40 of the U.S. manufacturing subsidiaries are publicly owned, and of these only eleven have some degree of Australian ownership. But the Aussie who invests in a domestic company can make handsome profits on his own. In a land that is turning out its own diesel engines, railroad cars, jet aircraft and transistor radios, stocks are an investor's dream. Ansett Transport Industries, Clyde Industries (engineering), Broken Hill Proprietary Co. Ltd. (steel) are all up 50% in a year, while Colonial Sugar Refining has jumped 70% and Rothmans Ltd. (cigarettes) a whacking...