Word: railroads
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Dates: during 1950-1959
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...Railroad operation costs, which have threatened to cut passenger service and raise fares, are based on unreal figures, according to a report published recently by the Business School...
Among oilmen, everyone blamed everyone else. Still fighting its brisk intramural war, the Texas Railroad Commission, which controls 45% of all U.S. production and grimly guards the interests of small independent producers, blamed the major companies for the industry's troubles. Texas independents called angrily for major refiners to 1) cut back their imports of Venezuelan crude oil, thus making that oil available for direct shipment abroad, and 2) reduce refinery runs, to make even more crude available for shipment abroad. Furthermore, said the independents, refiners should change their entire historic pattern of refining oil: they should crack less...
Died. Willard Saxby Townsend, 61, onetime Chicago redcap who began organizing railroad porters in 1934, fought to gain employee status for redcaps (until 1938 most were paid entirely in tips), formed the International Brotherhood of Red Caps in 1937, brought his union (renamed the United Transport Service Employees) into the C.I.O. in 1942, later (1955) became one of two Negro vice presidents of the A.F.L.-C.I.O.; of a kidney ailment; in Chicago...
...biggest share of the blame has fallen on the state regulatory commissions, particularly the Texas Railroad Commission, which controls 45% of all U.S. oil production and so far has refused to boost its allowables appreciably. The independent oilmen who dominate the Texas commission have created an artificial shortage of oil and used that shortage to hike the price of crude oil 12% to a record average...
...project, to be built on-a 31-acre site in Boston's Back Bay area near Copley Square, will transform a gritty industrial area into a modern metal-and-glass city-within-a-city. Much of it will be built over the train yards of the Boston & Albany Railroad. Huge pilings will be driven into the ground to form a foundation for the project's centerpiece: a $50 million skyscraper, 50 stories tall, 40% of which will be used by Prudential for its regional headquarters. Around its huge tower, the Pru will also build a complex of airy...