Word: transition
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Dates: during 1930-1939
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...therefore, but natural that when the second great war of this century descended upon us this autumn, the British Government should have hesitated to imperil so priceless a possession by trusting it to the angry transit of the seas...
...portly, potbellied, black-mustachioed Philadelphia lawyer named John Graver Johnson (tops among U. S. corporation lawyers and trust protectors of his time) drew up a noteworthy document. It was an iron-clad lease by which Philadelphia Rapid Transit Co. promised to pay 49 small traction companies $7,100,000 a year for 999 years for the privilege of running its street cars over their right of way. For the stockholders of the 49 underlying companies-among them the Wideners, the Elkinses and other First Philadelphia Families-this was a mighty fine deal. Their original investment in one case consisted...
Thus Philadelphia's transit system finally emerged from behind the eight ball. The reorganization will save $5,800,000 in fixed charges each year-enough to boost 1935's $6,139,654 loss toward a 1940 profit. It will also free enough cash to get the company started on a 10-year, $22,000,000 modernization program to replace its lumbering trolley cars and sway-backed busses...
...miles) anthracite road had skipped only eleven dividends since it began operations in 1848. For 25 years (1905-30) the stock seldom sold below 200. In 1912 it hit a peak of 395; in 1928 another of 375. Last week it could be bought for 5. Sic transit...
...actually laid before the British War Council in 1914. They were offered as an alternative to the Dardanelles Campaign for attacking Germany from the rear. They were drafted by John Arbuthnot, Admiral Baron Fisher of Kilverstone who proposed a fleet of 612 shallow-draft boats, mostly transports, which would transit the Baltic approaches at whatever cost and land Russian troops picked up at Riga, on the Pomeranian Coast. The transports' passage around Denmark would be protected by the British Fleet's engaging the German Fleet...