Wednesday, November 04, 2009

The Present in the Past

From the 1930 blog, two items:
  1. In 1930 two of the corporations with the longest run of paying dividends were the NYCentral and Pennsylvania Railroad.  By 1970 or so both were bankrupt, partially because Ike had adopted Mr. Raskob's suggestion for coast to coast superhighways.
  2. The volume of fruits and vegetables being shipped by rail was notably higher--an ill omen for the sort of localized production which used to occur in Ontario county, NY, and southern Illinois.  Of course, this sort of shipment soon moved to trucks.

No comments: