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...greater legal importance than the St. Louis & O'Fallon case, was the ownership of R. F. & P. Instead of a small independent carrier the I. C. C. was really tackling the six biggest and most powerful railroads in the East?Pennsylvania, Baltimore & Ohio, Chesapeake & Ohio, Atlantic Coast Line, Seaboard Air Line and Southern? joint proprietors of the R. F. & P. and sole beneficiaries of its excess profits. Counting on the I. C. C.'s discouraged attitude on recapture, these major carriers were ready to fight to the legal limit for their prosperous little subsidiary...

Author: /time Magazine | Title: TRANSPORTATION: First Big Recapture | 5/4/1931 | See Source »

...Bossom. Like Sculptor Epstein he is of Semitic descent. His wealth derived from his conception and industrious execution of the idea of building skyscrapers like a graduated pile of boxes with the smallest on top - the "set back'' style to provide air and light. He designed the Seaboard National Bank in New York (Seaboard Pres ident Samuel Bayne is his father-in-law), the Magnolia Petroleum Building in Dallas, Tex. Other important Bossom commissions in the U. S. included the restoration of Fort Ticonderoga for ex-Congress man Herbert C. Pell. In Britain he is a member...

Author: /time Magazine | Title: Genesis to Bossoms | 4/13/1931 | See Source »

...Connellsville, Pa., last week were opened for traffic. Built at a cost of $16.000,000 by Pittsburgh & West Virginia Railway (Taplin-managed, Pennroad-controlled), it joins the P. & W. V. with Western Maryland, affords another direct route from Toledo and the Great Lakes to Baltimore and the Atlantic seaboard, may afford a 24-hour freight saving. If the proposed Eastern rail consolidation plan goes through, control of the P. & W. V. will be held jointly by the four eastern systems, hence the new link will be a thorn to none...

Author: /time Magazine | Title: Deals & Developments | 3/9/1931 | See Source »

Every year the U. S. steel industry consumes some 750,000 tons of manganese ore. Some of it comes from Africa where the great manganese mines are on the seaboard, easy to exploit. Some of it makes the long passage from India. A great deal comes from the Soviet mines in Georgia, Russia, which William Averell Harriman tried unsuccessfully to handle. Only 8% comes from U. S. mines...

Author: /time Magazine | Title: Freeport Broader | 3/2/1931 | See Source »

...York State Athletic Commission started something last fortnight which may move boxing westward from the eastern seaboard. Dogmatic and irascible Big Jim Farley, chairman, started the Commission. The Commission had given Max Schmeling his tit's when Sharkey fouled him last June, stipulating then that he must sign within nine months to meet an opponent picked by them. They picked Jack Sharkey, ordered Schmeling, through his manager and proxy, Joe Jacobs, to sign with Sharkey at once or forfeit his title. Jacobs suggested that the Commission arrange for Sharkey to fight Stribling, the winner to meet Schmeling. Both fights...

Author: /time Magazine | Title: Sport: Western Garden? | 1/26/1931 | See Source »

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