Word: rails
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Dates: during 1950-1959
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...Tower of Pisa is 13 feet off center because of the "unequal setting of the foundation." The FIT customer pays up to 25% for extra services over and above the retail cost of hotel rooms and travel tickets, though the ordinary tourists pays nothing extra for hotel bookings an rail tickets. "The company gets a wholesale commission from the carriers and hotels.) Recent FITs: Marlene Dietrich, Cardinal Spellman, Perle Mesta (for whom American express helped arrange a trip to Moscow) and J. Fred Muggs, the TV chimp. For non-FITs who flock abroad on regular escorted tours the company offers...
...HIGHER RAIL FARES are coming on 89 eastern and western railroads. The roads are asking for a flat 5% fare increase on all trips west of the Mississippi and north of the Potomac and Ohio Rivers. They will probably get it, since the ICC is sympathetic to their claims of a $700 million annual loss on passenger operations...
Tourists and traveling salesmen, for example, found that it was easier to cover the nation by rail and air, renting a car at each stop, than to drive all the way. Corporations discovered that by leasing fleets long-term they could free working capital, avoid maintenance worries, figure their transportation costs more accurately in advance...
...people paused to consider why the Reds had placed them. In the past the Iron Curtain nations were wheat exporters themselves. The surprisingly big Soviet order for Canadian wheat, which is to be delivered to Siberia, was supposedly placed in order to spare the Russians the trouble of rail-hauling grain from the Ukraine. But if that were the case, there should be surplus grain on hand in western Russia for satellite Poland, Czechoslovakia and Hungary...
...reorganization. At the last minute a group of bondholders holding only one-third of 1% of the total claims against MoPac went to court to block the plan, but Judge Moore swept aside their objections as "frivolous." With that, the 9,710-mile Missouri Pacific, sixth longest U.S. rail system, came out of bankruptcy and back into private hands. The first major railroad to go into reorganization under Section 77B of the Bankruptcy Act, it was the last...