Word: tolls
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Dates: during 1920-1929
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Meanwhile Science sent huge trimotored Lufthansa planes roaring from Berlin to Hamburg laden with effective gas masks and phosgene fighting equipment. They were not too late to save many lives; but the Death toll stood already at 11, with over 200 patients in hospitals. In that black hour, at Hamburg, shuddering, hysterical thousands thought of THE NEXT...
Nonetheless toll bridges have been built and will be built privately. At the beginning of this year, the U. S. Bureau of Public roads reports, 233 toll bridges were in operation in the U. S. Private organizations owned 191 of them. Under construction were 29 new toll bridges, 20 being private. Proposed were 163 more, 100 of which were to be privately financed...
...least six good reasons exist for private capital to build toll bridges: 1) motor travelers are willing to pay tolls to shorten their journeys; 2) local authorities derive a certain, if trifling, indirect income; 3) government authorities are often too lethargic to construct needed bridges; 4) engineering friends of private capitalists, rather than the engineering friends of officeholders get the construction jobs and profits; 5) sale of bridge bonds and stocks provides work and profits for banking houses; 6) bridge bonds and stocks are investment opportunities for people with idle money...
Such being the case, the soundness of investments in toll bridges depends very largely upon the integrity of the banking house, checked up in every case by the personal banker of the investor who underwrites the bridge bonds...
After J. G. White & Co. sell the securities of the National Toll Bridge Co., the J. G. White Engineering Corp. ("greatest in the world") will superintend the construction of the proposed toll bridges across the Ohio and Missouri rivers. Millions will be spent and huge masses of steel will be flung across wide water, but all the same these jobs are small ones for James Gilbert White. He is a great imperialist of U. S. contracting. Upon five continents his engineers are carrying the dynamic principles of U. S. business into lands where U. S. political influence will perhaps never...