Word: railroads
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Dates: during 1950-1959
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...York Central's President Alfred Edward Perlman warned that the line was ready to cut off all commuter service into Manhattan, close the famed Grand Central Terminal and terminate all routes 43 railroad miles away at Harmon, N.Y. unless the state and its cities "help" the line overcome its overall $1,000,000-per-week passenger loss. If the Central should move out, New York City would lose its third biggest (after Consolidated Edison and New York Telephone Co.) taxpayer ($16 million last year). To keep it, the city last week followed one Perlman suggestion, started a study...
...Massachusetts, the New Haven Railroad cheered for a bill to give a $900,000 subsidy to the line over the coming twelve months. Unless it passes, the New Haven may make good its longstanding threat to cut off passenger trains on the Old Colony Line, which would strand thousands of Boston's South Shore commuters...
...outstanding figure in filth." He was cited for gallantry at Shiloh-and lived to be reviled as "Prince of Bummers." He was a devoted family man, and yet spent much of his time with another man's wife. Some $16 million in bonds, three mansions, a railroad, and countless acres of timberland passed through his hands; but the day came when he was jailed for skipping out on a $94 hotel bill. This contradictory, little-known figure of U.S. history was Union General Milton Smith Littlefield. In this book, North Carolina Author (A Southerner Discovers the South) and Editor...
...placid, happy marriage. Backed by capital that may or may not have come from Wall Street, Littlefield went back to the South in 1867 with a bold scheme that was tactically watertight-and morally as leaky as a sieve. The plan was to buy up defaulted North Carolina railroad bonds for pennies, lobby or bribe the legislature into redeeming them, and sell on the rise. Littlefield found a ready ally in a pious, serpentine North Carolina banker named George W. Swepson...
...Both houses passed and sent to the President a tax bill that extends corporate income taxes and excises at present levels, generally in line with the Administration's hold-the-line policy against tax cuts. Single exception: repeal of federal taxes on air, truck, railroad and other freight transportation, a compromise to head off the Senate's demand for a repeal of a broad range of transportation taxes (TIME, June...