Word: railways
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Merger Confusion. The railway men have no shortage of excuses. For years, the rising losses on passengers were partly offset by profits from freight. But the freight business was hit hard by the merger two years ago between the Pennsylvania and the New York Central. The two railroads had separate freight yards in many cities, and in the post-merger confusion thousands of cars went to the wrong yards, causing costly tangles. The merger was also accompanied by the abrasive sound of personalities grating on each other; the scramble for a declining number of management jobs is not yet over...
...Railway tickets, photographs: the blue-eyed platoons
...show so far for that is a sizable paper loss. Legal fees and other campaign costs drained away another $3 million. A strike at Northwest's Lone Star Steel Co. and continuing problems-short hauls, frustrated merger plans-at its Chicago & North Western Railway have also helped to cripple profits. In the first nine months of the year, pretax earnings fell to $11.6 million-a 72% decline...
...three occasions in 1963, Atlanta Lawyer Robert B. Troutman Jr. spoke to his friend, President John F. Kennedy, about a matter of interest to the Southern Railway Co. As a result, Kennedy asked his staff to discuss the case with the Justice Department, which decided to support the company in a suit against the Interstate Commerce Commission. Eventually the ICC withdrew an order concerning Southern's grain freight rates that the company believed was not in the public interest...
...Patriot for Me spans the years 1890 to 1913 in the officer corps of the decaying Austro-Hungarian Empire. Lieutenant Alfred Redl (Maximilian Schell) is a kind of self-made upstart in the imperial army, with such class handicaps as a railway-clerk father. By dint of hard work and undemonstrated brilliance, Redl rises to high military and social rank and becomes deputy chief of the army's espionage service. Sexually, he undergoes a kind of moral regress. A disinclination to make love to women awakens him to his own homosexuality. As an ever more active queer...