Business & Finance: Mellon Spur

At 8 a. m. one day last month, 200 laborers turned up for work on the last quarter-mile of a new railroad from Smiths Ferry, Pa. to Negley, Ohio. For more than a year they had been driving through the Allegheny foothills this spur that would cut the cost of coal in the Mahoning Valley 40¢ a ton. The laborers stopped to read some notices posted overnight by a U. S. marshal. No work was done that clay or the next or the next. The notices were a temporary injunction commanding Montour R....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!