Word: fresnel
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Dates: during 1940-1949
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...Pennsylvania wanted the Wabash so badly it paid $63,041,549 for 49% of its stock in 1927-28, much of it to the late, great, foxy Leonor Fresnel Loree. The next year ICC came out with its "final'' consolidation plan. Instead of the four systems expected by the Eastern railroads (New York Central, Pennsylvania, Baltimore & Ohio, Chesapeake & Ohio-Erie-Nickel Plate), ICC proposed five-the fifth being a looping road-to-nowhere based on the Wabash and Seaboard. And instead of approving the Pennsy's expensive purchase, ICC began anti-trust proceedings...
Died. Leonor Fresnel Loree, 82, retired (1938) head of Delaware & Hudson Railroad; of a heart attack; at his mountain estate near West Orange, N.J. Among sleek, ICC-conscious latterday railroad presidents, massive (300-lb.), buffalo-bearded, uncompromising Leonor Loree seemed a gaudy symbol of the roaring '80s, when he began his long career. In 60 years he headed more roads, introduced more permanent operating innovations, made a higher salary ($100,000) than any surviving railroader. His last spectacular gesture came in 1933, when he bought his way (for $10,000,000) into the No. 1 stockholder's seat...