Word: deramus
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Dates: during 1960-1969
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Died. William Neal Deramus, 77, chairman of the Kansas City Southern Railway, who started out as a kerosene lamplighter at 14, held every job from telegrapher to chief dispatcher until he became president of the 1,647-mile road in 1941, thereafter earning a reputation as one of the more successful leaders of a generally depressed industry by increasing freight and diversifying into moneymaking sidelines; of pneumonia; in Kansas City...
...William N. Deramus III, 45, former president of the Missouri-Kansas-Texas Railroad, takes over from his 73-year-old father as president of Kansas City Southern Railway. In his four years at the debt-racked Katy, hard-bitten "Young Bill" alienated local affection by reducing employment, skimping on maintenance. At K.C.S. he will find that Father Deramus has the line in such good shape that it earned $3,400,000 for 1961's first eight months...
...replacement for Young Bill, Katy turned to Charles T. Williams, 51, the line's executive vice president, who is expected to continue young Deramus' ruthless cost cutting...