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Senator Vandenberg produced letters from numerous shipping companies declaring that, even if the canal is free, they will not use it because the expense and trouble of employing canal pilots, the risk of damage to ships in transit and increased costs of insurance would outweigh the saving in time. To show that Florida's geologist was not alone in his opinion, Senator Vandenberg next produced a letter by Harry Slattery, personal assistant to Secretary of the Interior Ickes. Said the letter: "Unless the canal could be effectively sealed throughout many miles of its course, a procedure presenting difficulties that...
...That" was a heavy curtain which had fallen backstage at the Locust Street Theatre, where Mayor Samuel Davis Wilson was addressing some 1,600 employes of Philadelphia Rapid Transit Co. Informed that a mere curtain had caused the disturbance, Mayor Wilson remarked: "I thought it was some of those gunmen...
...completed, that they should disband. Aligned with the Mayor was Dr. Arthur Alan Mitten, 47-year-old son of the late Thomas Eugene Mitten, who managed P. R. T. from 1911 until his death in 1929. Opposed to them was P. R. T.'s President Ralph Townsend ("Rapid Transit") Senter, who thought that the trustees had done a good job, should be continued in office. Since P. R. T. was before Federal Judge George A. Welsh on an application for 77-6 reorganization, the Court remained the final authority on the direction of P. R. T.'s perplexed...
...Company Plan also provides for elimination of the leases and unification of the transit lines in a bigger & better P. R. T. But the Company Plan offered underlying security holders some $87,000,000 in bonds of a new P. R. T. The Mayor protested that the "underliers" had already collected $250,000,000 in rentals, that their securities had a market value of not more than $30,000,000 and that they did not even claim a total investment of more than $53,000,000. Although the bond interest would not be as great as lease payments, the Mayor...
...immigrant family after their conversion to the faith of the Church of Jesus Christ of Latter-Day Saints. They covered the last thousand miles westward on foot. David Eccles prospered, founding one of the Northwest's great lumber companies, later branching into beet-sugar, banks, insurance, rapid transit. Before he died in 1912 he persuaded Son Marriner to accept his church's "call." Two early years of Reserve Board Chairman Marriner Stoddard Eccles' life were spent in Scotland in the frock coat and silk hat of a Mormon missionary...