Word: fresnel
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Dates: during 1930-1939
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Back from a 9,000 mile automobile trip taken to show his grandson the country, old (77), shaggy-bearded Leonor Fresnel Loree, canny president of Delaware & Hudson, reported Iowa corn and wheat "beautiful," U. S. businessmen "anti-Administration," U. S. railroads burdened with 90,000 miles of track which ought to be torn up. Said Railroader Loree, who thinks all passenger traffic a nuisance: "I do not feel discouraged about the railroad business. . . . The short-haul business has never paid us. Why should we fuss about...
Carl Raymond Gray of Union Pacific arrived from Omaha in an ordinary Pullman on a pass. So did Lawrence A. Downs of Illinois Central who lives in Chicago. Samuel Thomas Bledsoe of Atchison, Topeka & Santa Fe, Hale Holden of Southern Pacific, Leonor Fresnel Loree of Delaware & Hudson, Frederick Ely Williamson of New York Central all left their luxurious "office" cars behind to save money, make a good impression. In the gold and amber club rooms of the Hotel Traymore they, and 61 other railroad presidents and chairmen, sat down behind closed doors to discuss ways & means of extracting more money...
...young man wanted to talk about jobs-in-particular while his elders on the platform wanted to give advice about jobs-in-general. That advice ranged all the way from Railroader Leonor Fresnel Loree's bitterly comic counsel, "find a permanent job and stick to it," to sincere attempts at appraising the future in specific fields. Excerpts...
...Railroader Leonor Fresnel Loree bought control of Missouri-Kansas-Texas Lines ("Katy") which he planned to merge with his Kansas City Southern and with St. Louis Southwestern. The Interstate Commerce Commission refused to approve the merger, forced Railroader Loree to dispose of his holdings, resign the chairmanship of Katy. Last week his successor, Board Chairman & President Michael Harrison Cahill, also resigned, for personal reasons (wife's illness). Katy directors left the presidency vacant, elected as chairman bold, shrewd Matthew Scott Sloan who abruptly resigned from the presidency of New York Edison Co. in 1932. "Matt" Sloan, whose first...
...Central's largest stockholder is Leonor Fresnel Loree's smallish Delaware & Hudson Co. Bought at the bottom of the 1932 market, its 500,000 shares today show a profit of more than $10,000,000. D. & H.'s holdings entitle it to subscribe to approximately $6,000,000 of Central's new bonds...