Word: fresnel
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...will bid for it? That question kept Wall Street buzzing last week. The Morgan banking group made it clear that they would do no more than place bids amounting to upset prices. Old bush-bearded Leonor Fresnel Loree, who two years ago stepped out at 74 to buy a 10% interest in New York Central for his rich little Delaware & Hudson, was spotlighted as a likely bidder. Another suggestion was Frederick Henry Prince, crusty septuagenarian Boston banker who jumped into Armour & Co. a year ago. While either Loree or Prince could undoubtedly lay hands on enough cash, neither...
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...