Word: seaboarders
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Dates: during 1930-1939
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Frank Erickson, onetime waiter, is now the largest commissioner in the U. S. His business-derived mostly from agents in cigar stores, poolrooms and newsstands along the Eastern seaboard-is backed by about $4,000,000. When he goes to Belmont Park, he sits in the clubhouse among socialites who patronize the betting-shed bookmakers-of whom Frank Erickson finances four. Trusted implicitly by his enormous clientele, Bookmaker Erickson was reported to have lost $150,000 last summer, mostly at a Saratoga meeting which put many of his less substantial rivals out of business...
Last week Railway Express Agency, "brother-in-law of the railroads," slashed its rates between the two biggest cities on the Atlantic seaboard. Railway Express will now carry packages up to 5 lb. between New York and Philadelphia for a flat 25? instead of a maximum of 40?; will carry 100 lb. for 75? instead of $1.45; 500 lb. for $3.64 instead of $7.25-an average reduction of 50%. Reason: competition from trucks...
...sumptuously in London, lately at No. 5 Bryanston Court, Bryanston Square. Though she was in the U. S. for swank turf events such as the Pimlico in 1934, her Baltimore relatives sniff: "We are completely out of touch." Her late uncle, Solomon Davies Warfield, was for years president of Seaboard Air Line Railway...
...Even when a railroad goes into receivership, it usually continues to pay interest on underlying mortgages. When it cannot do that it generally honors its equipment trust issues so that it will not lose its rolling stock.* So deep in receivership is Seaboard Air Line (mileage: 4,309) that last week it submitted to the courts a reorganization plan not only to adjust the interest on underlying bonds, not only to refund equipment trust maturities, but even to refinance receivers' certificates, which take precedence over every other outstanding security...
...down in the families of trainers, jealously preserved from the public, as do the secrets of fine craftsmanship continue in the families of Europe. At least there seems to be a considerable difference of opinion on the treatment of the malady by those in the know along the Atlantic seaboard...