Word: receiverships
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Internationalism Lie had known ever since his childhood. He grew up in an exciting era, when the battle for the receivership of the 19th Century had just begun. His mother's boardinghouse in Grorud, near Oslo, was cosmopolitan-Swedish, Finnish, Polish, German, Russian workers paid mother Lie 20? a day for room & board. In the evening, around the table, Trygve heard them talk of the Russo-Japanese War, of the abortive Russian revolution of 1905, of Norway's breakaway from Sweden, of syndicalism and the brotherhood of all workers. In those days Trygve Lie also acquired a faith...
...your issue of Oct. 14 you state: "After 14 years in receivership, the C.A. & E. finally chuffed out last week...
...little Chicago Aurora & Elgin Railway Co. After 14 years in receivership, the C. A. & E. finally chuffed out last week. Debts refunded, fixed charges erased, it was all set to highball. The road had netted $51,974 in 1944, boosted that to $185,805 in 1945, counted on turning a $225,000 profit this year. With the money, it hoped to pay investors a dividend, start replacing the antiquated equipment with which it now serves 8,000 commuters from Chicago's western suburbs...
...been out of receivership only a few brief hours when it crashed into another derail. Its motormen, switchmen and trainmen, fully aware of the road's bright new prospects, capped the big day by calling a strike. They wanted the 18½? raise already granted to most other railroad workers. This, cried C.A. & E. President Arthur L. Schwartz, would cost $285,000, put the road right back in the red. He offered 14½?. The offer was rejected...
...subway's only counterpart, for measuring purposes, was London's vast and profitable Underground-a public utility with private stockholders, run by a transport board responsible to the county government. The Underground had to show a profit every year, without benefit of subsidies, or go into receivership. How did it manage...