Word: railways
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...late, great James Couzens of Michigan had two pet political ideas: Federal taxation of tax-free securities (which made up 98% of his $34,000,000 estate) and municipal ownership of Detroit's street railway. When U. S. Senator Couzens died in 1936, the bulk of his income was still free of taxes (and would still be today). But his municipal ownership idea had long since borne fruit...
...Couzens was mayor of Detroit in 1922 when the city bought Detroit United Railway (for $19,850,000). He was in the Senate, and Detroit Street Railways was running in the black when a husky onetime track material checker named Frederick Albert Nolan became its operating boss...
...Coal, iron & steel and engineering firms (including armaments) account for 59 Tory M.P.s holding 109 directorships, giving heavy industry the heaviest representation among Conservatives in Parliament. Sir Alfred Beit, descendant of diamond-mining South African pioneers, is a director of airplane-manufacturing firms as well as of an African railway. Lieut. Colonel Henry Guest, Viscount Wimborne's brother, is a director of the $75,000,000 Guest, Keen & Nettlefold's iron, steel and coal company, of Powell Duffryn Associated Collieries with a capacity of 20,000,000 tons annually. The Rt. Hon. Leopold Charles Maurice Stennett Amery...
...Tory M.P. for Southampton, a director of $150,000,000 Cable and Wireless, Ltd. But he is also on the board of big Phoenix Assurance Co., Ltd., which controls eleven subsidiary insurance companies; of Santa Rosa Milling Co., Ltd., which has Chilean and Peruvian subsidiaries; of London & Northeastern Railway Co., Central Argentine Railway Ltd., the Mercantile Bank of India, Ltd., Crown Flour Mills, Ltd., United Baltic Corp., Ltd., of companies dealing in tobacco in Dublin, telegraph services in Africa...
...summer of 1939 finds Benito Mussolini less liked and more openly criticized than for years past. Little jokes, about the German "invasion" of Italy, are beginning to circulate quietly. Anti-Mussolini posters have appeared (briefly) in Milan and Turin. Viva Hitler legends, painted on all the houses along the railway route taken by the Führer on his trip to Rome last year, have been unanimously painted over. There is a dour expression on Italian faces as they watch the heavy-booted Nazi chiefs who now are seen all over the Italian landscape. Crown Prince Umberto, supposed...