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...

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