Word: freight
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Announcing adjournment, the Commission also announced the assumption of new work. Last winter Congress passed a resolution (TIME, Feb. 9, CONGRESS), directing the Commission to make an inquiry with a view to lowering freight rates on agricultural products suffering from price depression. Recently, Western railroads asked for an 11% increase in rates. On Sept. 1, the commission will begin an inquiry in the Western district with three objects: 1) To find out what agricultural products need lower freight rates; 2) to determine what reductions may be made in such rates; 3) to ascertain on what products freight rates...
...have discovered by careful reckoning that the net costs of transporting air freight are from 13 to 15c. a pound. There is obviously a commercial profit if you can charge more than that and get the business. Come back in two years and we will tell you more about commercial and practical aviation...
Boston & Maine trains, moseying up the Hoosac Valley to Williamstown, Mass., carried a curious freight this week. In the winter their usual load is milk cans and traveling men; in the spring and autumn milk cans and college boys; in the summer milk cans. But this week big, all-steel specials swept up that dreaming valley, bearing to Williamstown financiers, lawyers, editors, college presidents, diplomats, army and navy officers, savants from all parts of the world, assembling at the invitation of Dr. Harry A. Garfield, President of Williams College, for the annual session of the Institute of Politics...
...many years the Southern R. R. paid no dividends on its non-cumulative preferred stock or on its common. Meanwhile, with the development of the Southern states, the great Southern carrier fell heir to greater and greater amounts of freight. Profits were garnered and plowed into better equipment and right of way, with the result that operating costs fell rapidly. Presently, earnings on the common became noticeably great, and dividends were suddenly declared on the 5% non-cumulative preferred, and then, at the same rate, on the common. The rise in the latter stock has proved one of the sensations...
...Marysville, Pa., a child sat on a railroad track, played with a stray bolt, heedless of a freight, train which bore down upon it. The engineer jammed on the air brakes, but hisheavy cars had too much momentum; they shoved the engine forward; it could not stop. A fireman, one Bruce Hoffman, leapt from the engine, raced ahead, snatched the child to safety...