Word: couches
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Dates: during 1930-1939
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...from Port Arthur to New Orleans 250 mi. Near the centre of this big southwestern triangle is a man-made lake near Hot Springs, Ark. called Catherine. On an island in the lake is Couchwood, the spacious summer home of Utilities Tycoon Harvey Crowley Couch, onetime (1932-34) RFC director, chair-man of Louisiana & Arkansas Ry. and Arkansas' richest citizen. The four C's in Harvey Couch's book read: "Courage, Confidence, Concentration and Co-operation will enable us to make Arkansas and this section of the Southwest the most self-sustaining, the most prosperous part...
Because he saw a bright future for rail traffic in the "golden triangle" of his part of the Southwest, Railman Couch last week purchased working control of Kansas City Southern Ry. from Paine, Webber & Co. The Manhattan brokers would reveal no details of the deal, but a good guess was that Senator Joe Robinson's good friend Harvey Couch and his associates paid up to $2,250,000 for the stock once held by the Brothers Van Sweringen...
...Harvey Couch's Louisiana & Arkansas Ry. has only one dining car, the K.C.S. but three. Assets of the two roads foot up in about the same ratio - $36,500,000: $136,000,000 - and dining car and passenger revenues mean little to either. Running from New Orleans to Shreveport, La. and Hope, Ark. with an affiliate branching to Dallas, Tex. the L. & A. carries mostly quarry products, refined oils and sugar...
Preliminary 1936 earnings figures showed a net profit of $580,000 for the K.C.S., comparing with a deficit of $955,000 in 1935. The L. & A. showed a $334,000 profit last year, comparing with $428,000 the year before. What the deal last week meant was that Harvey Couch's ideas on co-operation would be applied to freight operations, especially since the two roads together would have the most direct route between New Orleans and Kansas City by way of Baton Rouge, Shreveport, Texarkana and Joplin...
Another step in what may be Harvey Couch's plan for a Southwestern rail empire was a new application to the Interstate Commerce Commission early this month in which the L. & A. sought permission to buy the Rock Island, Arkansas & Louisiana R. R. First proposed last summer, this acquisition would connect the L. & A. with Little Rock, Arkansas' first city...