Word: fresnel
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Last week Leonor Fresnel Loree was 70 years old and last week he sold his threat of a fifth Eastern railroad system for $63,000,000 and the assurance that his Delaware & Hudson would not be obliterated by the New York Central, the Pennsylvania, the Baltimore & Ohio or the Van Sweringen group...
Lowering darkly, Leonor Fresnel Loree quit the Pennsylvania Station in Manhattan last week, leaving behind him in a meeting room Presidents William Wallace Atterbury of the Pennsylvania, Patrick Edward Crowley of the New York Central, Daniel Willard of the Baltimore & Ohio and John J. Bernet of the Erie, together with M. J. & O. P. Van Sweringen of the Chesapeake & Ohio (old Nickel Plate) group. They all, with the aid of lesser officials who were also present, had been discussing the consolidation of the railroads that operate between the Atlantic and the Mississippi, and north of the Ohio-the Eastern roads...
...week, as they did less conspicuously for three preceding weeks, over a national railway problem, essentially political, secondarily financial. The problem is whether there are to be four or five dominant trunk-lines westward from New York. The fifth, if at all, would be organized and run by Leonor Fresnel Loree, who now controls the Delaware & Hudson. Mr. Loree, grizzly-bear of railroads, Harriman's successor in talent, conferred for nearly three hours. His conferees represented four trunk-line adversaries: the Pennsylvania, the New York Central, the Baltimore & Ohio and the Van Sweringen merger group (once planned...
Loree Merger. The I. C. C. suddenly ordered Leonor Fresnel Loree to explain why his railroad mergers proceedings in the Southwest were not a violation of the Clayton Anti-Trust law. Mr. Loree had had his Kansas City Southern R. R. buy control of the larger Missouri-Kansas-Texas ("Katy") and the St. Louis Southwestern ("Cotton Belt"), presuming that he was protected by the 1920 Transportation Act of Congress which encouraged the railroads to unify regional systems. Railroad men realized that the I. C. C.'s present gesture towards Mergerer Loree may be an effort to rub away...
...Leanor Fresnel Loree, the indefatigable, wished the road as part of his much discussed fifth eastern railroad system. In buying Lehigh Valley shares and securing proxies to vote at the Philadelphia meeting, Mr. Loree had back of him the fortunes of the Harriman family (he was a close associate of the late Edward Henry Harriman), and the even greater powers of the Pennsylvania Railroad, Kuhn, Loeb & Co. He himself did not attend the meeting, remaining at his home at West Orange...