Word: subways
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Dates: during 1930-1939
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Passengers in New York's humid, jam-packed subways wondered dully at the headlines in their neighbors' newspapers one evening last week: I. R. T. IN RECEIVERSHIP. What would that mean? wondered the subway sardines. Fewer seats than ever? More jerking and lurching, more pushing and bawling by red-faced guards at the stations? Fact was it might mean, eventually, an improvement in the lot of the subway sardine...
...years. As a further aid J. P. Morgan & Co. arranged an exchange of maturing notes for an issue of ten-year notes. The elevated lines grew progressively unprofitable. Last year they showed a loss of $4,000,000 which I. R. T. had to make good from its subway earnings. Knowing that I. R. T. would be unable to meet its notes on Sept. 1, Banker Morgan revived a dormant committee last July, wrote to all holders urging them to support plans for unification of all New York subways as the best way to obtain eventual payment. Recommending the same...
...York has three subway systems. Though I. R. T. is the largest, it is controlled by smaller Brooklyn-Manhattan Transit Corp. Chairman of both is grinning, square-jawed Gerhard Melvin Dahl, onetime director of Cleveland's traction properties, later a trouble-shooting vice president of Chase National Bank. Together the two lines daily hurtle 5,000,000 New Yorkers up & down their rocky island, under and over the East River to Brooklyn and the Harlem River to The Bronx. The city's third system is municipally owned. Though it carries no passengers yet, its empty trains have rumbled...
During the rush hour one morning last week in Manhattan, President Frank Hedley of Interborough Rapid Transit Co. boarded one of his own subway express trains at 14th Street like any other nickel-paying subway rider. As the train hurtled downtown, Mr. Hedley smelled smoke. About the train curled acrid yellow fumes. President Hedley did not need to be told something was seriously wrong. He at once took mastership of the situation. Shouldering his way through the pack of nervous passengers to the front car, he told the motorman to stop beside a local at the Bleecker Street station...
...Financier Gould out of all interest in electric cars. Later in Richmond, Va., Mr. Sprague successfully constructed an electric surface line. Within two years 200 other U. S. cities had trolley lines, 110 of them Sprague-built. He perfected fast electric elevators and the multiple-unit control system for subway and elevated trains which enables each car to operate under its own power...