Word: receivershipped
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...more than 23,000 employes, the Louisville & Nashville Railroad is "Old Reliable." Conservatively operated, and not overloaded with the fixed charges that have broken the backs of many Class I roads,* efficient "Old Reliable" has never been in receivership, has passed only one dividend on its common stock (1933) in the past 40 years. "Old Reliable's" president is peak-nosed, Cumberland Mountain-born James Brents Hill. Like his predecessors, he likes to keep his employes on the job in L. & N.'s constant drive for courteous, economical operation, sends out frequent "President's messages" to every...
Last week old Dan Willard, eyes flashing, still insisted valiantly: "If I thought business conditions were to remain as bad as they are, I would say put us into receivership. . . . The railroads are going to :ome back again. ... I haven't lost confidence in the United States...
...B.R.T., which went into receivership in 1918. It emerged as Brooklyn-Manhattan Transit Corp., which now operates a subway connecting Brooklyn and Manhattan and another between Manhattan and Queens, as well as numerous elevateds, bus routes and trolleys in Brooklyn and Queens. B.M.T. makes money ($4,508,462 in fiscal...
...which once (1912) made 90,523,766, went into receivership in 1932. Last fiscal year its deficit totaled $23,682,369 I R. T.'s condition can be laid partly to continuance of the 5? fare, which, since the World War boosted costs, has been insufficient to pay expenses. But mostly it is due to high dividends paid in the early days and to the staggering fixed costs of its fabulous 999-year lease of Manhattan s four outmoded elevateds...
...instead of diversifying Celotex's product, he took a flier in sugar, bought up swamps and plantations in Florida and Louisiana. Depression took the Florida properties and in 1932 Mr. Dahlberg's Celotex went into receivership. At this point, looking far from Napoleonic, Bror Dahlberg met quiet Wallace Groves...