Word: railways
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...Peruvian Andes, not far from Lima, lies a haunted valley. To be caught there after dark, natives say, means almost certain death. If late afternoon finds a muleteer in the valley, he gets panicky and whips his beasts to escape lefore sunset. Workers on the Central Railway, which winds between the valley's forbidding mountain walls, insist on being taken home each night. Travelers through the valley dread to ride the railroad in the rainy season, for fear a landslide may maroon their train...
...true that all is not in order here, but much has been done. For example, in those large areas where there is no Communist problem China is a good risk. . . . Even the French are interested in a railway between Chengtu and Indo-China. Only the Americans hold aloof-waiting for better risks...
...memorial to Texas City's World War II dead. A Negro, suffering from concussion after being blown off the dock into the bay, swam back, walked to his blasted home, started patching it with hammer and nails. One man emerged from the rubble of the Texas Terminal Railway Building carrying $10 million in insurance policies in a bedsheet. He turned them over to the police. After dark, the inevitable looters worked the ruins...
Alleghany Corp.'s Robert R. Young took a light drubbing from the U.S. Supreme Court last week. It knocked out his hope of getting control of the Pullman sleeping-car business. Young's Chesapeake & Ohio Railway Co. had bid for it when anti-trust action forced Pullman, Inc. to put the business up for sale. But Young's bid had been thrown out in favor of one made by a pool of 43 other railroads. Young had cried "monopoly." So had the Department of Justice, which put the matter up to the Supreme Court. But the Court...
Otherwise, scrappy Bob Young was riding high. The day after the Pullman decision, the Interstate Commerce Commission approved his plan to merge the Pere Marquette Railway Co. with the C. & O. The C. & O. has controlled the Pere Marquette since 1929, but, by integrating them, Young hoped to strengthen both, effect operating economies...