Word: freight
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...Electric Co. and the American Locomotive Co., at Erie, Pa. (TIME, Dec. 17), weighing 102 tons and capable of reaching a speed of 105 miles an hour. The French roads have ordered more than $15,000,000 worth of such equipment, and the Mexican Railway Co., Ltd., ten electric freight units for mountain climbing. With a new device, the otheograph, the tests showed no "nosing," or periodical oscillation, even at high speeds. The riding qualities of both ends were excellent, and no injurious effects were observed on the trackage...
...that they control its Chairman, too, there is little likelihood that the regular Republicans can prevent them from reporting out amendments to the Transportation Act, which would make radical reductions in freight rates. These amendments may well be passed by the same combination on the floors of both houses. But if President Coolidge exercises his veto, there is small probability of any change being made in the Transportation Act. The advantage gained by the radicals is that, with the Democrats' aid, they can report out their measures and discuss them on the floor...
...provision of the act in question was the so-called "recapture" clause. By this clause the Interstate Commerce Commission, after fixing freight rates and a fair rate of return on the assessed valuation of each road, may "recapture" one-half of the earnings of any road which exceed such a "fair return." The rate of a fair return has been fixed by the Commission at 5.75% per annum. The moneys received by the Government under this provision of the Act are placed in a fund from which loans are made and equipment leased to railways, the purpose being to bolster...
...recent record freight traffic and signs of its likely continuance; 4) a conservative and economical administration in Washington; 5) economic recovery in Europe, clearly beginning despite Germany and Russia...
...abnormal conditions in the shipping industry all over the world, as well as the cut-throat competitive reduction in freight rates, forced the failure of the New York and Cuba Mail Steamship Co., better known as the "Ward Line." Liabilities of the Company are estimated at $2,000,000, with assets probably in excess of that figure. The principal trouble with the Company is that it cannot at present operate profitably. This has left it without funds to meet current obligations, and forced its bankruptcy...