Word: rails
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Dates: during 1940-1949
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...their base prices-in lieu of actual freight, shipping and switching charges-an arbitrary amount, "automatically arrived at with mathematical precision" by a formula provided by the steel institute. Even though cheaper truck or water transportation might actually be used, the formula allegedly bases delivery prices on all-rail freight and assesses arbitrary "switching charges." The result, said FTC, is the same as if "all mills were under one ownership and control...
Aftereffect. In Oakland, Calif., motorist James Wallace swerved to avoid one auto, sideswiped another, crashed through a heavy guard rail, careened down a 200-ft. embankment, landed in a tree, still unhurt climbed out and surveyed the damage, was conked on the head and knocked out by a falling boulder...
...weeks ago raucous Colonel J. Monroe Johnson, ODT director, issued an ultimatum: rail shipments of coal would be embargoed unless something was done about the laggard cars within twelve hours. Canadian bigwigs hurried to Washington, agreed to cut the adverse balance to 8,000 cars of all types, even if it meant returning them empty...
...since he was 13. He became a British subject and in his 20s he founded the Straight Corp., ran 23 of its aviation companies, including Western Airways, busiest in the British Isles. In one season it carried 42,000 passengers between England and Wales at less than third-class rail fares, and made money...
...Manchuria, the Government had 150,000 of its best regular troops, many of them trained and equipped by the U.S. for fighting Japs. They were strong enough to batter the Reds away from the rail lines at Szepingkai this month in a major engagement. But the Government was not getting much out of what it held of Manchuria. The big coal mines were shut down; the harvest could not be moved over transport lines broken by Communists...