Business & Finance: Check

Homer Loring, Boston specialist in rejuvenation of worn-out corporations, resigned last week as chairman of the board of directors of the unfortunate Boston & Maine Railroad. Directors insisted on voting him $100,000 for his four years of voluntary service. He accepted the check, established a Boston & Maine Employes' fund with it, adding: "The task seemed worth undertaking, and the satisfaction and enjoyment in having helped accomplish it have been adequate compensation for what I have contributed."


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!