Word: unionization
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Dates: during 1920-1929
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Internal Monopoly: Merger of Western Union and Postal (I. T. & T. subsidiary) into one telegraph company...
...With a single-handedness of management that amounts almost to secrecy, he has placed a great K on many orders. Some of these Ks have resulted in such deals as the purchase of the White Star Line (from Morgan interests in 1926), the Elder Demster Line (West Africa), the Union Castle Line (South Africa)*. Other K orders have resulted in fast steamers, improved service, mechanical-innovation. Today the Royal Mail's red ensign flies over a fleet of some 2,600,000 tons ?one-sixth of the British merchant marine, the greatest fleet in the world...
...build a new line, it must make application to its stern guardian, the Interstate Commerce Commission. The Commission may or may not look favorably on the petition of its ward. Last week for the first time the I.C.C., without waiting to be asked by a railroad, commanded the Union Pacific to build 185 miles of new line. This assumption that the Commission has positive as well as negative, executive as well as judicial power over the railroads of the land will probably be bitterly contested by the railroads...
...command to build was issued by the I.C.C. at the request of the Oregon Public Service Commission and over the protest of the Union Pacific. The new line would connect Crane, Ore., on the Oregon Short Line (subsidiary of Union Pacific) with Crescent Lake, Ore., on the Southern Pacific. Its proponents declare that it will open up a potentially rich region in the foothills of the Cascade Mountains, while its railroad opponents see the new line as economically unsound. Cost of construction is estimated at $9,900,000. The fundamental principle involved?whether the I.C.C. can command as well...
...21?Second national convention of the National Textile Workers' Union in Paterson...