Word: railway
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Supported by his indebted friend Metternich, Salomon won the right to sell lottery bonds to the public in order to build the Austrian Empire's first important railway. Brother Jakob, who had a lease on both the Bourbons and Napoleon III, laid down France's first railways (on which he made a great profit by artificially running up prices of the shares). The British Rothschilds ignored the country's industrial boom, but propped the young government of the U.S. with loans and, in combination with de Rothschild Frères, made loans to Brazil. "Money...
...porters have been free since Dec. 2 to strike without any interference possible under the Railway Labor...
...Luring Western businessmen with premiums as low as 0.1%-"completely unrealistic," complains one Western insurer-it pulls in trade by writing policies for almost every conceivable business risk. "What success do you suppose we'd have," asks one West German insurer, "in bringing action against a Communist state railway for negligence?" Garant has won a reputation for paying off quickly and without red tape when such trouble occurs...
Late yesterday President Johnson issued a 60 day injunction under the Railway Labor Act stopping is strike against United Airlines scheduled for next Wednesday by the AFL-CIO International Association of Machinists...
...strike on United has been expected since Nov. 18, when the recommendations of an emergency board established by President Kennedy were rejected by the IAM. Under the Railway Labor Act the union was free to strike for 3 days after the board submitted its report unless the president declared a national emergency and ordered a 60 day injunction halting the strike...