HIGH FINANCE: How to Make a Buck

At a luncheon in Washington, John Albert Broadus Broadwater, president of the Capital Transit Co., rose to state his business philosophy. "Capital Transit," he said, is not "a philanthropic organization whose trustees have dedicated its income to the public service," it is in business to make money. Most public-utility men, said Broadwater last week, are "scared somebody will accuse them of making a dollar. What in the hell goes on here in America? That's what we're here for, to make money."

Nobody has kept Broadwater, 56, a sharp-tongued South Carolinian, from making money. In his 2½ years with Capital Transit,...

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