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...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...

Author: /time Magazine | Title: UTILITIES: 962 Years Lost | 11/27/1939 | See Source »

...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...

Author: /time Magazine | Title: CARRIERS: The Power to Tax . . . | 11/13/1939 | See Source »

...Channel she was planning an air war on British shipping, to back up her submarine attacks on Britain's food supply. But Allied and neutral apprehensions inclined toward the explanation denied by Dr. Goebbels. From near Aachen the great German juggernaut started rolling 25 years ago. Transit of the Lowlands has always been the basic principle of German war to the west. Nature made it so long before the Maginot Line was built...

Author: /time Magazine | Title: WESTERN THEATRE: Side Door | 10/2/1939 | See Source »

...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...

Author: /time Magazine | Title: AT SEA: Jutland No. II | 10/2/1939 | See Source »

Last week when the Ancon made an anniversary trip through the Canal, 155,131 merchantmen of all nations had made the transit carrying more than 500,000,000 tons of cargo, paying an average of $4,000 each, grossing the U. S. $465,000,000 in tolls on an investment of $366,650,000 in ditch digging...

Author: /time Magazine | Title: Transport: After Balboa | 8/28/1939 | See Source »

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