Word: railways
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John A. Reed, brother of onetime Senator Reed, is vice president of Iowa Railway & Light Corp. ($35,000,000), centring in Cedar Rapids, selling electricity to central Iowa cities, operating a Cedar Rapids trolley system, an interurban line to Iowa City and a statewide bus line. Iowa Railway & Light is, as yet, nowhere in competition with Vice President Reed's brother's foe's Cities Service...
...support for the railroads' rate plea finally came last week from the "Big Four" Brotherhoods (Railway Conductors, Locomotive Engineers, Railroad Trainmen, Locomotive Firemen & Enginemen). Mindful of the carriers' threat to cut wages unless they won a rate increase, the presidents of these potent labor organizations jointly declared that they felt "such action will have a beneficial effect on general business conditions...
...hills of Leitrim and neighboring counties, came into town with slouch hats pinned up on one side and formidable tape-wound hurleys in their hands. They went systematically about the business of keeping the Orangemen out of Cootehill. One squad wrecked the meeting hall. Others tore up the railway lines between Coote hill and Ballybay, and near Clones. Tele phone and telegraph wires were cut, barricades of felled trees laid, trenches dug across the roads. When General O'Duffy and his faithful troops arrived (hopping the ditches), they found the Irish Republicans in command of the town, marching...
...owners of the News. When Publisher Lawson died in 1925, his wife's nephew Walter Strong and 36 associates bought the paper (against 23 bidders) for $13,500,000. It was recapitalized for $19,000,000. The new $13,000,000 plant, built over the C. & N. W. railway tracks, which it now occupies was leased for 20 years at a yearly rental of $450,000. To earn 5% on its debt, and meet sinking funds and amortization charges, the paper should earn at least $1,450,000 a year. Last year the corporation (including the building and radio...
...Hilton Young, director of the Southern Railway and of the English Electric Co.: "The possible failure to balance ensuing budgets is probably one of the causes of the present crisis, but there is still a deeper one?the failure of the country to live within its means. We are living on our capital. That is proved by the figures of our foreign investments, which have dwindled away to the disappearance point. . . . There is no remedy in a manipulation of our banking system, our system of currency or our system of credits. . . . [They] must not be blamed for the present crisis...