Word: railways
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After World War I Britain's railways presented their Government with a whopping $300,000,000 bill for rent and dam ages, which the Government paid under protest. This time the Government wanted nothing like that, and on Sept. 1 it simply took control of all railway transportation in the British Isles. Since then stockholders have waited anxiously to find out how much profit the Government would allow them...
...past three weeks speculators in the City have been gambling on "generous" terms. The value of railway stocks has risen by $400,000,000. Last week the stocks went even higher. Minister of Transport Euan Wallace announced that the four main British railroads which have operated under a pool scheme since the war began, would be guaranteed a wartime profit of ?40,000,000 ($160,000,000) a year. Since the guaranteed profit was based on the revenues for 1935, 1936 and 1937, excluding the depression year of 1938, the terms seemed more than generous. In addition, the companies will...
...usual, the Chinese let the narrow Japanese finger reach towards its objective, Nanning, expecting to flank and cut it later. But the Chinese miscalculated, and let the Japanese reach their objective. The Japanese at once began bombing the lifelines, including the French-owned railway from Indo-China...
Editor Godkin attacked just about everything: trade unions, trusts, Populists, single-taxers, Socialists, railway barons, all kinds of political chicanery. Bankers called him a dangerous radical, labor leaders de nounced him as a dangerous reactionary...
Henry Villard bought The Nation in 1 88 1. Villard was a native of Bavaria; his name was Ferdinand Heinrich Gustav Hilgard, but he changed it when he quarreled with his father and fled to the U. S. A reporter, Civil War correspondent, railway promoter, financier, Villard married Gar rison's sister Fanny. He left The Nation to his son, Oswald Garrison Villard, when he died...