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...Senate had planned to set up an independent Fair Labor Standards Board. with quasi-judicial powers (like NLRB's) to halt the transit in interstate commerce of goods produced under conditions not conforming to the act. The House planned to empower the Labor Department to go into the States and see to it that goods for interstate commerce were legally produced. The House won, and the compromise bill's administrative provisions strongly reminded businessmen of NRA's myriad code authorities. Chief provisions of the bill...
Also into effect last week went Premier Daladier's pump-priming recovery program. On rural electrification, slum clearance, irrigation, new roads and port facilities, $304,000,000 will be spent. The production tax will be modified and free ports for transit trade have been established. Also authorized by decree were defense loans up to $5,500,000 for France's African colonies, to $11,000,000 for French Indo-China. Minister of Colonies Georges Mandel explained these loans will be used toward starting a "systematic Empire defense plan...
...sold $31 book value stock at $100 when the market was $150, he might ask Mr. Woodruff of the Coca-Cola Co. why his stock is selling at $117 when it has a book value of less than 87. Or he might look into the matter of Brooklyn-Manhattan Transit common which sells around $8 a share despite a book value...
...ivory tower, she was not thinking of the millions who scuttle like rats and whiz like rocketing atoms through the subways of the world's great cities. The oldest of these subways are the dismalest: Boston's system, built in 1897, and Manhattan's Interborough Rapid Transit (1904) and Brooklyn-Manhattan Transit (1913). Those most conducive to human sanity are the clean, well-lighted neatly tubular "undergrounds" of London and Buenos Aires. Proudest and most ornate is the three-year-old Moscow Metro...
Pennsylvania Power & Light and Lehigh Valley Transit Co. are subsidiaries of Lehigh Power Securities Corp. (which is in turn a subsidiary of National Power & Light Co., an Electric Bond & Share Co. affiliate). Although Pennsylvania Power already had contracts for emergency power from three other power companies and even from Bethlehem Steel, in 1928 it leased from Lehigh Valley Transit for $500,000 a year a turbo-generating plant at the corner of Front & Linden streets in Allentown. To date $4,300,000 has been paid for the rental of this emergency plant and in nine years it has been used...