Word: railways
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...last week. The parent company has bank loans of $21,900,000 while National Electric is $27,700,000 in debt to the banks. The parent company has a $10,000,000 note issue soon falling due which it cannot meet except with stock or new notes. Its Scranton Railway Co. has a $2,100,000 bond maturity. Next year the System as a whole has $19,368,000 worth of maturities to meet, in 1934 the figure is $16,341,000 while in 1935 there will be $12,922,000 falling due. Although Mr. Insull has denied the story...
Labor is a behemoth which never forgets. When President Hoover appointed Federal Judge James Herbert Wilkerson to the Circuit Court of Appeals in Chicago last winter (TIME, Jan. 25 ), Labor bitterly recalled that it was this same Judge Wilkerson whose mandate smashed the great railway shopmen's strike of 1922. At the request of Attorney General Harry Micajah Daugherty, Judge Wilkerson. just appointed by President Harding, issued a sweeping injunction restraining strikers all over the nation from meeting, picketing, agitating against their employers. The struggle to prevent the Senate's confirmation of Judge Wilkerson to the appellate court has been...
...Senator Borah's committee from Donald Randall Richberg, Chicago attorney. With Judge Wilkerson's 1922 injunction in mind, said he: "He set aside the constitutional guarantees of liberty of contract and free speech. He permitted his court to be used as a strikebreaking agency in behalf of the railway managements. ... In his blind partisanship and antagonism to labor unions. Judge Wilkerson has not followed the law as laid clown by the Supreme Court, but has attempted to write...
...been feverishly strengthening the fortifications of Vladivostok). But the situation in Japan itself was critical last week. With business hamstrung by the Chinese boycott of Japanese goods, with business leaders unable to judge precisely which way the militarists would jump, even public service corporations like the Tokyo Subway Railway Co. were in acute uncertainty and fear...
...President signed a joint resolution instructing the I. C. C. to study the effects of a six-hour day for railway labor...