Word: cyrus
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...CYRUS EATON, wily old (70) boss of Cleveland's Otis & Co. and the Chesapeake & Ohio Railway, was helped up, then knocked down, by the U.S. Government. Otis was cleared by the Securities & Exchange Commission of six-year-old charges that it welshed on a $10 million deal to help float stock for Kaiser-Frazer Corp. But Internal Revenue agents handed Eaton a $1,570,000 bill for back income taxes (1943) on a $1,909,000 profit he made by transferring stock between two Canadian iron-ore companies...
...Barnum L. Colton, banker and longtime close friend of Labor Leader John L. Lewis and Financier Cyrus Eaton, was elected president of Washington's Hamilton National Bank. Hand-picked by Lewis (whose United Mine Workers just bought control of Hamilton), Colton's election paves the way for the merger of Hamilton and the National Bank of Washington (controlled by Lewis since 1949). The merger would make it the No. 2 Washington bank (after the Riggs National Bank) and provide investment outlets for U.M.W.'s $140 million in reserves, welfare and retirement funds...
...both sides have had little success with legal strategy. The Central had asked the Interstate Commerce Commission to investigate some of Young's stock deals (his sale to Cyrus Eaton of control of the Chesapeake & Ohio Railway, and the C. & O.'s sale of its New York Central holdings to Murchison-Richardson). But the ICC last week turned down the request. The Central filed another petition asking whether Young's slate could be lawfully seated if elected, but chances for a favorable ruling on that seemed slim, too. From another quarter, the Central gained an ally...
...whirring, horse-drawn reaper lurched through a field of grain on a Virginia farm one day in 1831. Beside it marched two men, one white, one black. The white man was Cyrus McCormick, inventor of the first practical reaper. The Negro was his slave Jo Anderson, whose devoted work had helped perfect the machine. In the 123 years since, Inventor McCormick's International Harvester Co. has not forgotten the way its founder and Jo Anderson worked together. This week, in Manhattan, the National Urban League honored International Harvester with its "Industrial Statesmanship" Award for the company's steady...
Specifically, the Central charged that the sale by Young's Alleghany Corp. of its Chesapeake & Ohio stock holdings to Cleveland Financier Cyrus Eaton was just a trick to skirt the ICC rules, that Young and Alleghany still control the line. C. & 0. Board Chairman Eaton, said the Central, had obligingly sold the C. & O.'s 800,000 shares of Central stock, which had been held by a trustee, to Young's millionaire friends Sid Richardson...