Word: toledo
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Dates: during 1920-1929
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...Detroit, Toledo and Ironton, Henry Ford's railroad, is justifying its employes' faith in its earning powers. On Nov. 1, 1923, the railroad (i.e., Mr. Ford) inaugurated a plan whereby the road's employes could purchase investment certificates in the road out of their earnings. To date, $162,994 has been so invested by the road's employes. For the first half of 1924, they will receive 6% on their "investment certificates" ?which is at the rate of 12% per annum...
...line for the D., T. & I. at a cost of about $7,500,000, as well as to issue first mortgage bonds to raise the funds. The new line will extend from Malinta, Ohio, to Durban, Mich., and will serve to shorten haulage distances over the Detroit, Toledo & Ironton line...
This new "Nickel Plate system" which has grown up so rapidly, will extend from the Atlantic seaboard ports of New York, Newport News and Norfolk, to such important inland centers as Detroit, Grand Rapids, Toledo, Buffalo, Pittsburgh, Akron, Cincinnati, Cleveland, Charleston and Lynchburg...
When the U. S. Steel Corporation acquired its own railroad lines to expedite the passage of its raw material and products from mine to mill, much comment was occasioned. In recent years, the example set by the Steel Corporation has been followed by Henry Ford in acquiring the Detroit, Toledo & Ironton Railroad...
Apparently the Willys-Overland interests have decided to emulate their great rival in Detroit. Together with the Wabash Railroad, Willys-Overland has just acquired the Toledo & Western Railroad, as well as several hundred acres of industrial sites in West Toledo. The joint owners have organized the Toledo & Western Railway Co. to operate the road and develop the new industrial acreage. The value of road and land is estimated at $2,000,000; in addition, $1,000,000 will be spent in modernizing the road and improving its terminal facilities in West Toledo. A spur line will very shortly be extended...