Category Archives: Financial

Grier’s Railroad Station Restaurants were Struggling in the 1950s

Click here: Excerpt from 1964 U.S. Court of Appeals Seventh Circuit Tax Case:

Since 1907, Grier has been operating exclusively restaurants and other eating establishments, which until 1956 were all located in or adjacent to railroad stations. Beginning in 1953, Grier’s revenue and profits declined steadily with the reduced volume of railroad activity. Numerous business opportunities all related to restaurants or the feeding industry, but not connected with railroad operations, were explored. Between 1955 and 1959 Grier investigated some 75 restaurants and eating houses available for sale in various areas. Grier bought about ten of these.