Word: competitor
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Dates: during 1930-1939
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...Pullman-Standard combination was no instance of a powerful, far-reaching giant swallowing up a poor and struggling competitor. Mighty is Pullman, and on its directorate the house of Morgan is well represented. But strong also is Standard Steel, and the house of Mellon is behind its activities. The importance of the Standard-Mellon interest in the consolidation was shown by the fact that J. Frank Drake, President of Standard Steel, will become chairman of Pullman, Inc., the holding company for all the Pullman enterprises, and that Richard K. Mellon will become a Pullman director. In addition to railway...