Word: rails
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Dates: during 1930-1939
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Everyone agreed, said he, that the rail equipment industry had a great field for expansion and that that expansion would go far toward reviving all heavy industries. Trouble was, though, that railroads were so burdened with debt that they were unable to pay even their fixed charges, much less to buy new equipment. Some people urged Government loans but that, declared the President, did not seem feasible. Some way, he suggested, would have to be found to readjust the railroads' capital structures, lighten their interest burdens. But he did not plan to do anything about it at this session...
Marshal Badoglio caused a great stir in Paris when he announced that he was taking over the French-owned railroad from Addis Ababa to Djibouti (see col. 3). Before long normal rail service to the coast was restored...
...Rail Rates Down (Cont...
Ever since the Interstate Commerce Commission ordered a radical cut in U. S. rail rates (TIME, March 9), all the Eastern lines except the Baltimore & Ohio have yammered that the new rates (2? per mi. in coaches; 3? in Pullmans) were unfair, would do the roads more harm than good. When the ICC turned a deaf ear to all protests and ordered the new rates into effect June 2 as scheduled, the Eastern group decided on a court fight. Fortnight ago the B. & O. declared it would lower its rates anyway...
...Angeles, proud little old Grace Warren Du Bois, "Last of the Warrens," self-styled descendant of William the Conqueror, was accused of murdering her son Dr. Charles Warren Du Bois, 32. The shriveled, plainfaced defendant wearily clung to the rail of the witness box, whispered: "My son was always afraid. I've never been afraid." Dully she insisted that a "mysterious young stranger'' had killed Charles Du Bois while he sat at breakfast. The State contended that Defendant Du Bois, angry at Charles's failure to measure up to his ancestry, had bought a .38 calibre...