Word: railways
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Another $30,000,000 will go to Mexico in the form of a U.S. loan, through the Export-Import Bank. It will be earmarked by the Mexican Government for highway construction and for rehabilitation of the Mexican National Railway system. Still unfinished is the last 850 link (to the border of Guatemala) in Mexico's 1,700-mile stretch of the Pan-American Highway. For this and other road-building projects, the hard-pressed Mexican Government plans to spend altogether $60,000,000. For the railways, Mexico needs a total of $40,000,000. The U.S. considers both these...
They found their man in Harry P. Edwards, a short-line specialist who had invented a gasoline-burning bus-on-rails, established the money-making Edwards Co. (motor railway cars). Edwards agreed to lease the A. & N.C. for $60,500 a year, began operating it under a new company called Atlantic & East Carolina Railway. North Carolinians still wonder whether he knew what a bad bargain he made. A. & N.C. stock was selling for $5 a share-only $1.63 more than the per-share amount of the annual rental he agreed to pay. In the first go days of his lease...
Tired of losing money, the State (which owns 72% of the stock) offered to sell the Mullet Line to the Southern Railway. Southern made a survey, found that normal crosstie replacements had been made in only six of the past 26 years, politely declined. State officials hid Southern's survey carefully away and started looking for someone who didn't know any better than to buy the road...
...Japanese Army, stung by its Central China defeat, suddenly uncorked a drive in North China. Crossing the muddy Yellow River, a three-year-old barrier to Japanese advance, it seized the strategic rail center of Chengchow. If the Japanese could consolidate and drive from Chengchow west along the railway toward Sian, their achievement would be greater than the conquest of Changsha...
Berlin announced that thus far 71 Frenchmen had been executed. After German supply trains were dynamited last week, the Nazis shot 20 French hostages, mostly railway workmen, at Lille...