Word: trolley
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Dates: during 1930-1939
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Connecticut Railway & Lighting revealed in a letter to the SEC that if $1,500,000 of new capital could be obtained to convert trolley properties into bus lines, the company might be able to pay the charges on its funded debt. Even then there was no reasonable expectation that anything could be paid on the preferred stock, let alone the common. Wrote President William Warden Bodine...
...denial to abutting property of direct access to the highway; 4) acceleration and deceleration lanes for fast and slow traffic. All four forms of friction are largely cured by these four elements. But few roads exemplify them all. One example is the Worcester (Mass.) Turnpike. It used an abandoned trolley right-of-way. Even so, the elaborate structure cost $239,000 per mile. This tremendous expense, dwarfing ordinary figures, is an effective hitch in the program. It will take years to create the 12,000 miles of such superhighways which are vitally needed today...
With their drugstore profits they snapped up a beer concession at the end of a Manhattan streetcar line in the early 1900's when trolley riding was a regular holiday sport. There they were discovered by the late Marcus Loew, who knew smart showmen when he saw them. The theatre man helped them develop Palisades Park across the Hudson River from Manhattan, which they still own, gave them good steers on other amusement investments. Joe Schenck later went to Holly wood where he married Norma Talmadge and headed United Artists for years. Nick Schenck stuck by Loew...
...Detroit, John Drotar, onetime trolley motorman, cut off the end of his wife's nose. Explained Husband Drotar: "She was putting her nose into my business so I sliced...
Grand old man of U. S. sculpture, 73-year-old George Grey Barnard, was courageously carrying on with the great Rainbow Arch of Peace which he hopes some day to give the U. S. public. Last month vandals broke into the abandoned trolley powerhouse in upper Manhattan which is Sculptor Barnard's studio, wantonly destroyed $17,000 worth of finished figures, left unharmed the full-scale plaster model of the Arch. Said Sculptor Barnard: "I must smile and learn to do better...