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Indeed, partly because of the manipulations of robber barons who controlled it in the bad old days, the line is often cited as having more debt per mile than any other U.S. railroad. Last year Erie persuaded its creditors to stretch out some debt payments. Its deficit shrank from $8.9 million in 1970 to $2.1 million last year, but losses mounted again this year due to sluggish steel shipments. Through a series of subsidiaries, Erie is controlled by the wealthy Norfolk and Western Railway. Investors are now wondering what will happen to another line controlled...

Author: /time Magazine | Title: RAILROADS: Troubled Scarlet Woman | 7/10/1972 | See Source »

When he talks of future artistic empires, Papp sometimes sounds like Jay Gould, the robber baron, sometimes like Serge Diaghilev, the great impresario of ballet. When he discusses TV, however, he sounds more like the prophet Isaiah, with a vision of glory in his eye. "Eventually," he says, talking about his specials, "it will be essential to do 50 a year, 50 a month. Just by the sheer doing of it-and having it come directly out of live theater-we'll be setting up a whole cultural movement...

Author: /time Magazine | Title: The Theater: Joe Papp: Populist and Imperialist | 7/3/1972 | See Source »

...look what that pinko fluff-head's gone and done." If Archie Bunker greeted the news like that, who could blame him? When All in the Family finished taping for the season, Sally Struthers, who plays Archie's daughter, Gloria, went off to be a bank robber's lap doll in Sam Peckinpah's The Getaway. And if a starlet's going to make it, she's got to let folks know everything she's got. What Sally's got is nicely displayed by some horseplay in the new movie, which...

Author: /time Magazine | Title: People, Apr. 10, 1972 | 4/10/1972 | See Source »

...this point Christine attempted a legal ploy that would have made any robber baron proud. As part of her first loan, she had agreed to have the bank set up an inviolable and irrevocable trust fund for her, which would receive the bulk of her inheritance. Her lawyers therefore argued that her creditors, who all knew about the trust, could not collect from any of the funds...

Author: /time Magazine | Title: The Law: Trustbusting | 4/3/1972 | See Source »

...third chapter Coyle is referred to only as "the stocky man," in much the same way that a surveillance report would characterize a short man who is carrying too much weight. Eddie is on a desperate course. He has a lucrative deal supplying factory-fresh 38s to a bank robber named Jimmy Scalisi, but he is also up for sentencing for a truck hijacking. "I can't afford to do no more time." he tells a friendly federal prosecutor. "The kids're growing up and they go to school and the other kids make fun of them." Eddie...

Author: /time Magazine | Title: Books: Gourmet Crookery | 2/21/1972 | See Source »

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