Word: transiting
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Dates: during 1930-1939
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...tellers squabbled loudly over the legality of proxies. Insurgent Director Amster listened gleefully to stockholders shouting disapproval of the management. Saying they understated their case, Chairman Straus summed up: "It is not only the Manhattan situation which is rotten, but I can go further and say that Interborough [Rapid Transit Co.] itself was born in iniquity." After seven hours of tumult. President Roberts of Manhattan Railway waved his arms in despair, yelled: "The meeting is yours." The Amster group then elected their own board and went home...
...Secretary of War; at Sea Bright, N. J. Splitting with President Wilson on the need for a reserve "continental" army trained by the Regular Army, he resigned when Wilson declined to oppose the counterplan of a National Guard. In 1918-23 he served as receiver for Brooklyn Rapid Transit Co., put it back on its feet...
Britton Ihrie Budd (receiver of Chicago Rapid Transit...
Interborough Rapid Transit Co. staved off receivership in 1922 by whittling down its guarantee of dividends of stock of the Manhattan elevated lines which it had leased for 999 years. As a further aid J. P. Morgan & Co. arranged an exchange of maturing notes for an issue of ten-year notes. The elevated lines grew progressively unprofitable. Last year they showed a loss of $4,000,000 which I. R. T. had to make good from its subway earnings. Knowing that I. R. T. would be unable to meet its notes on Sept. 1, Banker Morgan revived a dormant committee...
...York has three subway systems. Though I. R. T. is the largest, it is controlled by smaller Brooklyn-Manhattan Transit Corp. Chairman of both is grinning, square-jawed Gerhard Melvin Dahl, onetime director of Cleveland's traction properties, later a trouble-shooting vice president of Chase National Bank. Together the two lines daily hurtle 5,000,000 New Yorkers up & down their rocky island, under and over the East River to Brooklyn and the Harlem River to The Bronx. The city's third system is municipally owned. Though it carries no passengers yet, its empty trains have rumbled...