Word: receivershipped
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...middle twenties it paid dividends and plowed earnings back into the plant. Then came Depression and a combination of new natural gas and oil pipe lines, improved highways and two Government-subsidized barge lines made traffic pickings so slim in the Mississippi Valley that the M. & O. derailed into receivership. Railroader Norris was receiver until the Southern called him back to Washington...
...issue of TIME dated Aug. 23, p. 21 under the heading Transport, where you depict the scene of the "Chatsworth Wreck" on the Toledo, Peoria & Western Railroad, particularly, the ending of the fourth paragraph, advising the public the Van Sweringen interests had taken the road out of receivership...
Among the roads in receivership suffering most from this is the Chicago, Milwaukee, St. Paul & Pacific. Last week, therefore, when the St. Paul petitioned the Interstate Commerce Commission to delay a reorganization hearing scheduled for Sept. 20, U. S. railroad men waited attentively to see whether I. C. C. would grant the delay. After two days' thought, the commissioners said "No," a broad hint that henceforth I. C. C. will insist on reorganizations being pushed through to completion...
...loose, air brakes lock on the other cars, which can be stopped quicker with the engine's weight and momentum detached. Engineer Southerland kept his job until his death two years ago. About eight years ago the railroad was acquired by the Van Sweringen interests, taken out of receivership...
Wisconsin's new law offers a sort of personal receivership to debtors earning less than $2,400 a year. By applying to the District Court the debtor may protect himself from garnishee actions for a period of two years during which a referee designated by the court supervises paying off his bills in installments, sees to it that he is allowed enough of his earnings to feed and care for his dependents...