Word: railways
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Conspicuously first-in-line for a Federal loan was Wabash Railway, ineligible for help from the railroad credit pool as it went into receivership before the pool was established. Wabash had $5,000,000 worth of securities. On this collateral it wished to borrow $18,500,000. Though R. F. C. ruled that no application or loan shall be made public, the Wabash plea became known through the Federal court handling its receivership...
...tiresome days proposals for railway wage cuts bumped across a long, white-clothed table in Chicago's Palmer House with counterproposals for increased railway work. On one side of the table sat nine railroad presidents representing the management of 210 carriers, hard-pressed to meet their fixed charges. On the other side of the table sat the chiefs of the 21 standard railroad unions, no less hard-pressed to supply employment for their 1,500,000 members. Scattered about the smoky red-paneled room were some 150 other union representatives who made up the Railway Labor Executives' Association...
...Japanese baby, etc. etc.) The Foreign Office published an official statement insisting that not a shot had been fired until Japanese marines were sniped by Chinese regulars. Meanwhile the Tokyo Asahi quietly announced that thousands of new jobs were open to Japanese in Manchuria and Mongolia. The South Manchuria Railway sent a message to half a dozen Japanese universities last week that it would be prepared to employ hundreds of graduates in China this spring. It asked for lists of recommended students...
...troops were still in Manchuria and as busy as usual. Chinese resistance right down to the Great Wall was broken. Last week Japanese forces swung about and moved north toward Harbin. By so doing they threatened another international crisis quite as acute as that at Shanghai. The Chinese Eastern Railway, with headquarters at Harbin, is Soviet-controlled. Many times Soviet troops have been stationed at Harbin as a "police force." But Russia was not ready for war with Japan last week. There were 100,000 Russian citizens but no Soviet troops in Harbin. Its defense was left to a Chinese...
...fable of Filbertana: he is worth $5,000,000; he has never been wrong, never given a tip; often he locks himself in a hotel room for days working on some gigantic tabulation. In 1881 Bill Filbert started business life in the purchasing department of Chicago & Northwestern Railway Co. Later he went to the accounting department, became its chief. He has been with Steel since the late great John Pierpont Morgan organized it in 1901. Comptroller since 1902, a director since 1920, a finance committeeman since 1922, he lives quietly in an apartment house on Manhattan's Park...