Word: railways
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...most entertaining item in Signature is a story called "A Pinch in Time." An American riding in a Swiss railway carriage engages in conversation with the young lady seated opposite him. He hopes the stale cigar smoke left in the compartment by a previous passenger will not offend her. She mentions her disgust for men who try to pick her up; the American says nothing, but lights a discarded cigar butt and puffs furiously in her face. That's all there is to it; neat, and very effective...
Railroads. The Atchison, Topeka & Santa Fe Railway Co. reported a net profit of $62.8 million for 1948, second biggest in its history (biggest: 1942-5 $73.6 million). But its wholly owned subsidiary, the Western Improvement Co. and its affiliates, which operate the oil, mining and timber enterprises spread beside the Santa Fe's tracks, did even better. Net profit of $11.2 million was its best ever. As in other years, the profit did not go to Santa Fe but into Western Improvement's surplus, bringing it to $58.8 million. Said Santa Fe's President Fred Gurley...
Both turned out in Buenos Aires' Retiro Park for a mammoth show marking the first anniversary of the purchase of the national railways from their British owners. It was a full-blown Peronista rally, and the speeches had all the flavor of the old oligarch-baiting times. Without bothering to offer proof, Perón's Transport Minister proclaimed that the railways (reported last month to be losing money at the rate of $100 million a year) were now in the black. The boss of the railway unions rose to shout: "If at any time it becomes necessary...
...terrorized. In his angriest attack on the Reds, he said: ". . . Communists have looked upon these strikes not from the trade union point of view . . . but as a weapon designed to create a chaotic state in the country . . . [They are] deliberately seeking to create famine conditions by paralyzing our railway system ... It is not the government's conception of civil liberty to permit methods of coercion and terrorism...
...Army sent him to Persia, as a colonel, to unsnarl the rail shipments of U.S. material to the Soviet Union. He did so well that General Eisenhower brought him to England as assistant supply boss for the Normandy invasion, later put him in charge of the First Military Railway Service in France. At war's end, Stoddard quickly moved up to U.P.'s general manager. Last week, when President George F. Ashby retired at 63, U.P.'s Chairman E. Roland Harriman and his fellow directors named Stoddard president...