Word: fresnel
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Dates: during 1930-1939
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...Leonor Fresnel Loree, grizzled old president of Delaware & Hudson, last week addressing Manhattan's Bond Club took occasion to tell his youngers how wrong are nearly all popular beliefs. Particular joy did he take in casting his spear at the Senate doctrine that business executives are overpaid. Declaring that good executives are too scarce, he came out for "an extension of the powers of management and its freedom from unwarranted interference by its associates [Capital & Labor] and by the politician. Its authority is now too limited and its compensation too inadequate...
...point in insisting on a return to the old gold parity, but a scheme to depreciate the dollar to uncertain limits . . . does not inspire confidence. The peril of sheer greenbackism is real and not imaginary." Chamber of Commerce. At a special meeting dominated by chop-whiskered old Leonor Fresnel Loree, the New York State Chamber of Commerce solemnly resolved that "measures should be taken with the utmost promptness looking toward the restoration of a permanent gold standard in the U. S. . . . It is of the greatest im portance to business recovery that the Administration clearly and unequivocally announce that...
...reports were correct, cash looked better than a railroad too to Leonor Fresnel Loree who last year bought for his rich little Delaware & Hudson 500,000 shares of New York Central at an average of $20 a share. Before the July Crash this investment showed a $19,000,000 profit. Wall Street heard last week that canny old Leonor Loree took some of his profits before Central slumped from its high of $58.50 a share to last week's price...
...line, upwards of $600,000,000 in assets, gives MOP a place among the first ten U. S. roads. The Brothers Van Sweringen bought it to complete what the late great Edward Henry Harriman and Leonor Fresnel Loree long coveted-a transcontinental railroad system. Today though no other Van Sweringen line has actually collapsed, their superstructure of holding companies is supported almost solely by Chesapeake & Ohio-only U. S. road still paying dividends at the 1929 rate...
...Robert Fresnel Loree, younger son of Railroader Leonor Fresnel Loree, was elected a director of New York Central R. R. Ever since his smallish Delaware & Hudson bought a 10%, interest in Central (TIME, Feb. 6), Father Loree has been seeking a place at Central's council table. But the I. C. C., wary of interlocking directorates, has taken no action on his application. Impatient to have his $10,000,000 investment represented, he nominated his son, no railroader and hence not subject to the I. C. C. Son Robert Loree is a vice president of Manhattan's Guaranty...