Unable to keep his promises to shareholders, Robert Ralph Young suspends dividends on New York Central stock, a factor in his subsequent suicide on January 25.
June 22 – The Chicago Transit AuthorityCongress Branch opens for service in the median of the Eisenhower Expressway, pioneering the first use of rail rapid transit and a multi-lane automobile expressway in the same grade-separated right-of-way. It replaced the 1895-built Garfield Park 'L' route and alignment from Des Plaines Avenue, Forest Park to the Loop.
January 25 â Robert Ralph Young, financier and controlling stockholder of the New York Central commits suicide after suspending company dividends (born 1897)