Preparedness Pays

Boilers abulge with defense traffic, all U.S. railroads are prospering. But no major road is so prosperous as the Louisville & Nashville. Last week it declared a $1.75 common stock dividend, thus boosted 1941 payments to $7, the highest paid since 1880.

L. & N. was the road that helped develop the great Alabama steel areas (and vice versa); it was the road whose passengers used to be met by grinning waiters with free Sazerac cocktails; it was the road which John W. (Bet-you-a-Million) Gates kidnapped from J. P. Morgan's corral in a spectacular Stock Exchange raid in 1902. Gates made...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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