Word: railways
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...President Truman coerced a settlement by threatening, in a nationwide broadcast, to order the Army to break a railroad strike (he also proposed to Congress that strikers be drafted into the Army). One result of such presidential action was to make the National Mediation Board, set up under the Railway Labor Act, little more than a front organization, with both rail labor and management looking hungrily toward the White House as the place to win concessions...
...great backbone of President Crump's domain is 17,000 miles of railway through the most populous areas of Canada, and some 4,000 miles of branch lines into the northern U.S. Midwest. C.P.R. telegraphs, grain elevators, stockyards and abattoirs border the tracks. At principal stops are C.P.R.'s 15 hotels, including Quebec's famed Chateau Frontenac and the tourist meccas at Banff and Lake Louise. The company operates a fleet of ocean-going liners and freighters, as well as Canadian Pacific Air Lines, with routes to Asia, Australia, Latin America and Europe. C.P.R. also controls Consolidated...
C.P.R's new $75,000-a-year boss left school in his teens to work on the railroad at 40? an hour. Later, Crump finished high school in night classes, took a leave of absence in 1926 to earn a railway mechanical-engineering degree at Indiana's Purdue University. He was hired back as a night foreman, advanced through various jobs until his combination of hard-rock experience, engineering skill and business talent paid off with the top vice-presidency...
...recent years, as aging (69) President William Mather cut back his own schedule, Vice President Crump shouldered much of the management. He directed the railway's dieselization program, cut costs and built up the profit margin ($27 million in 1954) despite a drop in revenues. Buck Crump has traveled nearly every mile of C.P.R.'s far-flung system, often in the engineer's cab, has a first-hand knowledge of his company's multiple enterprises and is known by sight by nearly every one of his 87,000 employees...
...combat its reputation as an expensive country, France is plugging the low-cost package tour, e.g., an eight-day jaunt from Paris through the Loire Valley, along the Riviera and back for $100, including all transportation, food and hotels. The French national railway now offers a 30% discount on trips of 950 miles or longer, provided that the tourist stays at his destination for six days or more. And the new issue of the famed Guide Michelin, which has always concentrated on quality rather than price, now lists more than 2,000 restaurants where a traveler...