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Word: optionals (lookup in dictionary) (lookup stats)
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Railroads. The Van Sweringen brothers gained control of the Buffalo, Rochester & Pittsburgh Railway, on which Leonor Fresnel Loree (trying to make a fifth eastern railroad system) for a time had an option...

Author: /time Magazine | Title: Business & Finance: Mergers: Oct. 22, 1928 | 10/22/1928 | See Source »

Before Leonor Fresnel Loree last spring was forced to abandon his threat of a fifth Eastern railroad system, he had an option on the Buffalo, Rochester & Pittsburgh Railway. This is a 600-mi., Y-shaped road joining Pennsylvania's soft coal and steel districts to Lakes Erie and Ontario. It lay as an important joint for him to connect his Delaware & Hudson, the Wabash (which he controlled) and the Lehigh Valley (which he thought he controlled). It was a pretty railroad layout and promised to compete with the New York Central, the Pennsylvania and the Baltimore & Ohio established systems...

Author: /time Magazine | Title: Business & Finance: Sale of the B. R. & P. | 10/22/1928 | See Source »

...Loree had his option to buy control of the B. R. & P. He had had it more than a year. It lapsed; he renewed it, expensively, by payment of a goodly "binder...

Author: /time Magazine | Title: Business & Finance: Sale of the B. R. & P. | 10/22/1928 | See Source »

...Even Mr. Smith's plan of personal liberty and States' rights and State local option while perfectly sound Democratic doctrine is not in line with modern thought in sumptuary legislation. The people of the United States have passed the strictly States' rights construction period and there have always been definite limitations on personal liberty. Our country has developed from a federation of loosely linked States into a closely knit nation. The Constitution has given the Federal Government the right to legislate for the nation on the liquor question and the Federal Government probably will continue to possess...

Author: /time Magazine | Title: PROHIBITION: Hearst on Treason | 9/10/1928 | See Source »

...hardly conceivable that our progressive and essentially moral people will go back to a condition where we will be bone-dry in one State and souse-wet in another, and where churches and schools will elevate one city and gin mills degrade another. States' rights and local option would mean alcohol ad libitum and ad nauseam wherever the whiskey rings held political sway; and that is not a thing to be contemplated in any sort of a sincere temperance program...

Author: /time Magazine | Title: PROHIBITION: Hearst on Treason | 9/10/1928 | See Source »

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