Word: streetcars
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Dates: during 1930-1939
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...California navel oranges and growers of Florida Valencia oranges have discreetly avoided talking down the other fellows' fruit in northern cities where the chief customers of both live. The California Fruit Growers Exchange broke this discreet merchandising convention this winter by advertising flatly in newspapers and magazines, on streetcar cards and billboards: "Sunkist navel oranges are 22% richer in vitamin C [anti-scurvy, anti-colds] than Florida oranges...
...elevated train rammed a wooden one on Chicago's North Side, killing11, injuring 67. Some of the victims complained of ambulance chasers. Last week, after a secret investigation, police arrested eight ringleaders, estimated that their gang comprised 1,500 lawyers, doctors, undertakers, hospital attaches, police station loungers, runners, streetcar motormen, professional witnesses...
...Haven subsidiary called Connecticut Co. Last year all Connecticut Railway & Lighting had to do was collect $1,400,000 per year from its leases, distribute interest and dividends pay taxes. More than $1,000,000 of its income was derived from the traction properties, not because the streetcar system was particularly profitable but because the name of New York, New Haven & Hartford R. R. was on the lease. The railroad had to make good whether the rental was earned...
Last autumn New Haven flopped into a reorganization. With court approval the trustees of the road promptly canceled the traction lease made in 1906. The gas and electric leases remained in force. But the most Connecticut Railway & Lighting could expect from its streetcar lines is an annual $118,000, instead of the old figure of more than $1,000,000. That leaves the company $155,000 short of meeting even the annual sinking fund and interest requirements on its $8,989,000 funded debt...
With their drugstore profits they snapped up a beer concession at the end of a Manhattan streetcar line in the early 1900's when trolley riding was a regular holiday sport. There they were discovered by the late Marcus Loew, who knew smart showmen when he saw them. The theatre man helped them develop Palisades Park across the Hudson River from Manhattan, which they still own, gave them good steers on other amusement investments. Joe Schenck later went to Holly wood where he married Norma Talmadge and headed United Artists for years. Nick Schenck stuck by Loew...