Word: transition
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Dates: during 1930-1939
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During the rush hour one morning last week in Manhattan, President Frank Hedley of Interborough Rapid Transit Co. boarded one of his own subway express trains at 14th Street like any other nickel-paying subway rider. As the train hurtled downtown, Mr. Hedley smelled smoke. About the train curled acrid yellow fumes. President Hedley did not need to be told something was seriously wrong. He at once took mastership of the situation. Shouldering his way through the pack of nervous passengers to the front car, he told the motorman to stop beside a local at the Bleecker Street station...
Elisha Walker, bankless banker, and Herbert Bayard Swope, rufous onetime executive editor of the old New York World, were made directors of Brooklyn-Manhattan Transit Corp. at the request of a group reported to hold 150,000 shares and headed by Bernard Mannes Baruch. Financier Baruch's direct entrance into B. M. T. affairs was thought likely to hasten unification of New York's scrambled subways...
Chicago's "L." In 1931 Chicago Rapid Transit Co. (elevated railway) carried 152 million passengers at 10¢ a ride. In 1929 there were 196 million passengers. The result of 1931's operations was a loss of $1,298,000 after bond interest. Last week no dissenting voices were heard when the company, which has not yet paid its 1930 taxes of $1,812,000, was petitioned into receivership...
Buses. Why did the Mayor in 1926-27 sponsor a franchise for Equitable Coach Co., later declared "a financial paralytic" by the State Transit Commission in ordering the franchise inoperative, when a company competing for the franchise had promised to operate more buses at a lower fare and posted a substantial guarantee? Why did the Mayor buy securities in Interstate Trust Co., later used in an abortive attempt to finance Equitable? How did it happen that one J. Allan Smith, Eqidtable's New York agent, bought Mayor Walker a $10,000 letter of credit (later extended...
...interrogation mark. In fact, he pushes him into a rear seat with so ungentlemanly a shove that it almost becomes a punch below the belt. It was not very long ago, was it, that the hall-mark of the sophisticated undergraduate was an intimate acquaintance with "Jurgen"? Sic transit...