Word: cabs
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...night, between Boone, la., and Council Bluffs. The engineer is sick, fainting. The fireman drunk, at his post, does not know. On the block of track a mile ahead, a wheezy freight grumbles up a grade, behind schedule and on the flier's rails. Disaster whines through the cab window, for the prostrate engineer has not seen the block signal, his throttle yawns unheeded...
What are those blue sparks under the engine's front truck? What whistle is this that hoots in the cab? The engineer does not stir, the tipsy fireman cannot hear above his clanking rake and the ' shattering roar of the coal car. The whistle in the cab changes its note...
...successful "specialty industries" of this year has been that devoted to the manufacture and sale of electric refrigerators. Already about 200,000 of these are employed in this country, and the old-fashioned iceman is preparing to follow the cab-driver and sperm whaler into oblivion. Most electric refrigerators still are located in ice-cream plants; not until quite recently have the smaller sizes suited for household use been extensively made or sold. The "ice interests," if such there be, have not yet expressed an opinion upon this new and formidable electrical rival. But the National Electric Light Association estimated...
...some time, General Motors has had a hankering to enter the profitable business of making auto buses. It has been repeatedly rumored that the big auto concern was out after Mack Truck. Quite unexpectedly, however, came the news that it would take over control of the Yellow Cab Manufacturing Co. shortly, to be re-christened the Yellow Truck & Coach Manufacturing...
...purchase of Yellow Cab will be made without the use of cash, by a judicious plan of exchanging securities. First Yellow Cab will change its name and capital structure, having then 150,000 shares of 7% preferred stock, 600,000 shares of class B stock and 800,000 shares of common stock. The latter issue will then be issued to General Motors in payment for stock of the corporation to which property as aforementioned will be transferred. The class B stockholders will then receive a 25% dividend by having issued to them the 150,000 preferred shares as a consolation...