Word: susquehanna
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...purchase through a financing company, the carriers usually sell equipment trust certificates to the public. Repossessions are exceedingly rare, for in order to keep its rolling stock a road will generally meet its instalment and interest when it can pay no other fixed charges. Not since 1910, when Buffalo & Susquehanna defaulted, have bondholders actually seized and sold a yard-full of equipment to satisfy their claims...
...risky business. But the opportunity might not come soon again. Southeast, without a second thought, young du Pont pointed the nose of Albatross II. Skillfully he darted from cloud to cloud, hitchhiking on thermal currents. Over the rugged Alleghanies he soared in silence, flew south along the Susquehanna River. Over Scranton he ran out of clouds; dropped to 500 ft. Hot air over the city pushed him up again, enabled him to float serenely through the Delaware Water Gap. With the skyscrapers of Manhattan just visible in the distance, he ran out of clouds again, dropped to 200 ft. over...
...June 1933, Transcript readers had started to dig wells at $1,000 each to avoid paying the rates which Editor Baker denounced. The public school and a parochial school run by Editor Baker's ally, the Very Rev. James A. Walsh, did likewise. The Susquehanna fire department stopped using water company hydrants, pumped water up from the river. In nearby little Lanesboro, where W. E. Bennett is the village's largest taxpayer, the fire company shut off all its hydrants, proposed to depend entirely on help from the Susquehanna fire department...
...with the Canawacta Water Supply Co. reached an extraordinary crisis. The water company had started suits against 200 of its customers to make them pay their bills. The customers had refused and their property was put up at auction. First piece under the hammer was none other than the Susquehanna Evening Transcript, which had balked at a water bill of $22.70. Biggest crowd that ever attended a Susquehanna auction gathered in the Transcript editorial room, hissed water company agents sent to bid prices high enough to satisfy their employers' claims...
...paper's staff bought in desks, typewriters and office equipment of the Transcript for $15.84. Another bought in the Transcript's $18,500 press for $41.93, deeded it right back to Editor Baker. In zero weather, Sheriff F. H. Brandt went about the town selling out other Susquehanna concerns. A house fetched 81? a lumber yard, $7.98, automobiles, 25?. Because Susquehanna townsfolk were united allies of Editor Baker, all the properties went back to their original owners. The Canawacta Water Company lost $800 by the sales...