Word: railways
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Nearly every day last week the directors of some large corporation made news by voting to increase dividends or to join the ranks of dividend payers for the first time in years. Atchison. Topeka & Santa Fe Railway led off with a declaration of $2 on its common stock payable Sept. 1, the first dividend since June 1932. Southwest grain shipments had lifted Santa Fe's freight traffic to the highest point in 20 months. Earnings for the year ended June 30 would approximate $1 per share, said Chairman Samuel Thomas Bledsoe. and the rest of the dividend would...
Energetic Matthew Scott ("Matt") Sloan, who resigned as president of New York Edison Co. in 1932. was an executive without a major executive post until he was elected chairman of Missouri-Kansas-Texas Railway last April. No railroad man, he spent two months inspecting nearly every mile of Katy's 4,956-mile system, meeting division agents, studying freight problems. Last week Katy gave "Matt" Sloan the post of president in ad dition to his chairmanship. The presidency has been vacant since the resignation last April of Michael Harrison Cahill...
Always at bottom the soldier, Shah Riza spent the closing hours of his visit to Istanbul last week with Turkish generals bent over staff maps showing the new strategic motor roads and railways of Turkey and Persia. Ten years ago there was no railway striking east from Ankara toward Persia and nothing but a caravan trail running west from Teheran toward Turkey. There is no through railway yet but the motor road over which His Majesty zipped from Teheran through Tabriz and Erzerum to the Turkish coast at Trebizond is now in prime shape to become an artery of heavy...
...unwholesome taint hung last week over Brighton. The feminine mayor of this most respectable resort on the whole so-called "British Riviera" was almost frantic when embarrassed policemen broke the news to her. In the parcel room of balmy, blissful Brighton's sprawling railway station the headless, armless, legless torso of a woman had been found in a small trunk. Shrilled Mayor Margaret Hardy: "This case belongs to London! Nothing like this has ever happened before in Brighton...
...Long stood on the sidelines waiting for a chance to rush in with a bill for farm mortgage moratoriums. Next day was Sunday, with nothing to do but pack up. Monday the Senators continued to jockey each other with filibusters until, at 11:45 p.m., the housing bill, railway bill, farm mortgage moratorium bill had passed both Houses. Then, at last, the 73rd Congress went home. Last Acts. According to the best Congressional precedent the 73rd Congress passed more laws in the last few hurried days of its session than in any previous week. Important bills that became laws...