Word: railroads
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Dates: during 1950-1959
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...living in the village of Mavrodendri. He left his business and rushed off to Greece. But, fearing that "it would be hard for Soultana to abandon the little ones," Athanassios returned to Detroit. In January of this year, Soultana dispatched a telegram: COME AND MEET ME AT VERROIA RAILROAD STATION OR I WILL TAKE POISON. They met and eloped...
...carry commuters such as these it costs your railroad $2 for every $1 received." So read the caption under a photograph of anonymous commuters in the New Haven railroad's annual report, which sadly totted up a $2,363,702 deficit in 1957. Last week, reporting an even steeper deficit of $3,018,169 just for January-February, the New Haven unhappily discovered the identity of the costly "commuters" pictured in its annual report. Names: Boston and Maine's President Patrick B. McGinnis-who was dumped as New Haven president after a 1956 commuter revolt against late trains...
...passenger traffic is far smaller, and many also operate profitable sidelines. Hard hit was Santa Fe, with a January-February drop in net from $8,900,000 to $3,700,000 because of slack freight traffic in petroleum products and durable goods. But Union Pacific's January-February railroad net slipped only 1%. Also in good shape was Southern Pacific. With rising income from pipelines and trucking affiliates, S.P. expects roughly the same earnings of $27.2 million in the first half of 1958 as in the same period last year...
...weeks after it began trying to diagnose U.S. railroad ailments, the Senate Surface Transportation Subcommittee wound up hearings last week with 2,356 pages of symptoms. Indicated cures: repeal of the wartime 10% passenger excise tax and 3% freight levy; a possible new Government emergency loan fund to help the roads meet soaring maintenance-labor costs; a faster tax write-off period on new equipment by cutting present depreciation rates from 40 years to 20. The subcommittee feels that these changes are politically possible, hopefully expects legislation to bring them about by July...
SANTA FE RAILWAY henceforth will serve only one of the three cities in its famed title-Atchison, Topeka & Santa Fe. Kansas Supreme Court ruled that railroad, which has not served Santa Fe for years, could drop money-losing passenger service to Atchison, Kans. Line will serve Topeka only as alternate stop...