Word: took
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Dates: during 1930-1939
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...railroad crisis is not a question of complicated legislation but a simple issue of increasing income or reducing expenditures. The former was ruled out when ICC last March refused to raise freight rates more than 5.3%. So last week the Association of American Railroads, meeting 100-strong in Chicago, took the Splawn report at face value, voted to cut railway wages 15% as of July I. Estimated saving: $250,000,000 a year...
...depths of the last depression, the railway unions voluntarily took a 10% pay cut, which has since been restored and garnished with a further 7½% rise. Now, as the A. A. R. last week pointed out, the railroad situation is even worse than in 1932. In January 1938 the railroad operating net was 32% under January 1932. Last week the first 37 roads to report March earnings showed an aggregate decrease of 80% from last year. First quarter earnings reports indicated staggering losses in almost every case. Samples...
Though the dealers thus took Franklin Roosevelt's word for it in one case, they repudiated him in another. He was largely responsible for getting the industry to switch its annual show from January to November four years ago; last week the N. A. D. A. recommended returning to the former arrangement on the ground that the present basis has accentuated the glut in used cars by counteracting the normal upsurge in spring sales...
This, plus a reviving stockmarket and occasional other loans from friends, tided Richard Whitney over until 1933. About that time, having taken fliers in a lot of such pip-squeak ventures as Florida fertilizer plants, Dick Whitney took the fatal flier of his life: He got into Distilled Liquors Corp. which bought a plant for making applejack. The public eagerly took the stock he offered, but did not take to the applejack. Needing funds to promote the company, Dick Whitney got large loans against his Distilled Liquors stock, which once sold as high as $45 a share. When the price...
Dartmouth swept the 220 low hurdles. Harvard's Mason Fernald had a bad day; his old rivals Donovan and Watson of Dartmouth took him in the highs, and in the lows he lost his stride and fell back out of the scoring. Alex Northrop ran another good mile, winning the distance by 40 yards over Whitman of Dartmouth. His time...