Word: railways
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...settlers live in constant dread of a shot, a raid, a sudden grenade. The danger breathes down your neck as you drive to Jerusalem through a road cleft into a gorge, under the eyes and weapons of Jordanians perched on the hills. You feel it on the narrow-gauge railway that winds into the city alongside Jordan territory so close that sunflower seeds spat from the train windows fall onto Arab soil. Where Jordan bulges westward, the Israeli beachhead is barely eight miles wide. It takes less than 20 minutes to drive from Tel Aviv on the Mediterranean...
...Minneapolis & St. Louis Railway, which suffered through 20 years of bankruptcy before the war and earned the nickname "Maimed & Still Limping," found itself in another painful spot. A group of stockholders headed by Chicago Lawyer Ben W. Heineman charged that President Lucian C. Sprague had mismanaged the company, claimed that they had 201,628 proxies (about half) lined up to put him and his directors out of office at the May 11th annual meeting. Among the accusations: Sprague spent up to $100,000 a year of company funds on such luxuries as two Cadillacs, boxes at race tracks, trips...
...both sides have had little success with legal strategy. The Central had asked the Interstate Commerce Commission to investigate some of Young's stock deals (his sale to Cyrus Eaton of control of the Chesapeake & Ohio Railway, and the C. & O.'s sale of its New York Central holdings to Murchison-Richardson). But the ICC last week turned down the request. The Central filed another petition asking whether Young's slate could be lawfully seated if elected, but chances for a favorable ruling on that seemed slim, too. From another quarter, the Central gained an ally...
...made in 1951, showed that 1,200 passenger runs were falling short, by $84 million a year, of even paying their direct operating costs (without counting company overhead). In the next two years, 314 runs were abandoned, but the railroads were unable to drop many others because the state railway commissions had overruled the ICC's recommendations...
...fall of 1931 remaining Houses opened, and Eliot, built on the site of the vacated Boston Elevated Railway power plant immediately catapulted to the front in popularity. At the other Houses, Winthrop's Ronald M. Ferry, last of the original masters, finally accepted the application of a room of four doubtful freshmen in poor standing. One of the four was later dismissed, but two of the others became successive varsity football captains. In such a fashion was a House reputation born and the ideal cross-section of the student body soon warped. Leverett, for instance, with Professor Kenneth B. Murdock...