Word: centrally
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Dates: during 1920-1929
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...Detroit, Toledo & Ironton, and build a new line south from Toledo through Ohio, we would have our northern arm (Toledo to Chicago) and our southern arm (to St. Louis) nicely connected with three splendid north-and-south railroads. In the East, we should have the Reading and the Jersey Central (25% of whose stock we control anyhow) and the Western Maryland (which we also already control but on account of which some persons are bringing anti-trust proceedings against us). We certainly have to have that Reading to give us secure access to New York. Remember that the New York...
...quite acceptable to the Chesapeake & Ohio, which has apparently concluded an alliance with the B. & O. and is even willing to concede the B. & O. one of the railroads (Buffalo, Rochester & Pittsburgh) which the Van Sweringens own. The position of the New York Central is doubtful, since the New York Central also has a 25% interest in the Reading and may not be willing to turn over its holdings...
...Pennsylvania is also understood to be sympathetic with the ambitions of Charles Farrand Taplin, who is trying to put together a fast coal route from Toledo to the Atlantic and all of whose prospective roads (particularly the Western Maryland) are included in the B. & O. plan. The Pennsylvania, affluent, central, well satisfied with existing conditions, has no more reason to applaud new consolidations than Great Britain had reason to applaud Napoleon's armies or the Kaiser's navy...
Last week's alteration concerned the New York, New Haven & Hartford, which has been operating without a president since the resignation (Nov. 27, 1928) and death (Dec. 7, 1928) of the late Edward J. Pearson.* To the New Haven presidency went John Jeremiah Pelley, from the presidency of the Central of Georgia Railway...
From Georgia to New England is a long step, but President Pelley was stepping even farther than that. He was born in 1878 at Anna, Ill. He began railroading as Illinois Central station clerk at Anna (1899). There followed many years, many promotions, until, in 1924, he became vice president in charge of operations. In 1926 he left the Illinois Central to become president of the Central of Georgia?an Illinois Central subsidiary. No salary statement was given out by the New Haven. It is believed that Mr. Pelley received $40,000 a year as head of the Georgia road...