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...miles of line operated by the Denver & Salt Lake Railway Co., six are important. These are the six miles of the famed Moffat tunnel, which pierces James Peak, 50 miles west of Denver.* It shortens the transcontinental route between Denver and Salt Lake City by about 175 miles, cuts the ruling grade from 4% to 2%. The Denver & Salt Lake has a 50-year lease (with a 49-year renewal option) on the tunnel...

Author: /time Magazine | Title: Business & Finance: Portal to Nowhere | 2/3/1930 | See Source »

Last week George H. Burr, Manhattan banker, bought for $3,000,000 a 40% interest in the Denver & Salt Lake. "Others are interested in this deal," admitted Banker Burr. Who the "others" might be stirred much Wall Street cogitation. Arthur Curtiss James, the Lon Chancy of rail investing, was inevitably suspected of having engineered the coup...

Author: /time Magazine | Title: Business & Finance: Portal to Nowhere | 2/3/1930 | See Source »

Vagaries of rumor aside, there are three railroads which could make good use of the Denver & Salt Lake and its tunnel: 1) Chicago, Burlington & Quincy, 2) Chicago, Rock Island & Pacific, 3) Denver & Rio Grande Western. The Rock Island and the Burlington, with lines from Chicago out to Denver, would both like to strengthen their transcontinental connections at their western ends by acquiring the Moffat tunnel. The Denver & Rio Grande Western is the most directly interested in the tunnel. Since it runs from Denver to Salt Lake City, the 175-mile saving would be made on its line. At present...

Author: /time Magazine | Title: Business & Finance: Portal to Nowhere | 2/3/1930 | See Source »

Like the late moderately great Leonard Merrick, but without his mellowness. Author Sarah Salt writes of the disillusions of the stage, under the exceedingly inappropriate (or bitterly ironic) title. Joy Is My Name...

Author: /time Magazine | Title: Books: Joy Unconfined | 1/27/1930 | See Source »

Author Sarah Salt, young (24), attractive, dark-haired, vivacious, is an Englishwoman whose real name is Mrs. Harold Hobson. Her husband is the son of Economist J. A. Hobson. Last fortnight Author Salt arrived in the U. S., drank tea with her publishers. She writes with realism, economy and a good deal of satirical insight. Consequently her stories are not very cheerful reading, especially for males. She has also written: A Tiny Seed of Love; Sense and Sensuality...

Author: /time Magazine | Title: Books: Joy Unconfined | 1/27/1930 | See Source »

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