Word: roading
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Dates: during 1920-1929
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Fast Tank. The Army sent a wicked-looking military contraption charging over a rough Maryland field and among sand dunes at 42 m. p. h. It was the newest thing in combat tanks. Powered by a 12-cylinder Liberty motor, it rushed 62 m. p. h. down a road on eight hard-rubber tires. In 14 minutes it was converted into a caterpillar tractor, ready to hurtle its ten tons, its three-man crew, its full armament, cross-country nearly four times as fast as any tank similarly armored had moved before...
...Road Net Operating Income First 5 months 1928/* Net Operating Income First 5 months...
Resumption of dividends resulted largely from the work of able John Joseph Bernet, put in charge of the Erie in 1927 when the Van Sweringens began operating the road. Last month, leaving Erie to become president of both Chesapeake & Ohio and Pere Marquette (TIME, June 3), he was succeeded by Charles E. Denny...
...Erie (third oldest U. S. road, founded 1832) showed fair progress up to and through the Civil War, then passed into the hands of Jay Gould, Jim Fiske and Daniel Drew. There followed a long series of unprofitable years, during which the Erie was an "orphan" road, no one interest controlling it. In 1924 the Van Sweringens secured control, and the Erie soon began to show a profit instead of 3 loss. Erie's 1927 net income was $3,512,650; its 1928 income was $10,002,883. For the first quarter of 1929 it showed...
...with employes and excused them, as far as possible, from working on Sundays. Generous, Mr. Ford was also astute. For the more efficient became the railroad, the more rapidly Ford coal moved north from Ironton and Ford autos moved south from Detroit. And, though the selling price of the road was not announced, there was no doubt of a fat Ford profit. After the Ford improvements, the Interstate Commerce Commission valued the road at something over $11,000,000. Mr. Ford's figure was something over $23,000,000. Probably the sale was made at closer to the Ford than...