Word: fresnel
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...Pipe Line Co. to Standard Oil Co. of Indiana which already owned the other 50%. Sinclair Consolidated, with only $34,189,000 invested in the two companies, made the staggering profit of $38,000,000 on the deal-which eclipses even the $23,000,000 which hard-bitten Leonor Fresnel Loree made for his Delaware & Hudson when he sold his control of Wabash and Lehigh Valley to Pennsylvania. The sale is first step in pipe reorganization in Texas, Wyoming and mid-continent oil fields. Next step: acquisition by Sinclair of Prairie Oil & Gas Co. and Prairie Pipe Line...
Loree Rejection. The Interstate Commerce Commission last week received from its assistant finance director who had examined the matter, a recommendation to reject the plan of Leonor Fresnel Loree, bushy-bearded Delaware & Hudson R. R. president, to build a 344-mile line across Pennsylvania as the main link in a new New York-Chicago Trunk Line. Reason: public convenience did not necessitate the construction cost of $200,000,000; no new traffic would be created...
...Pennsylvania coal fields to the Hudson River, later became an operator of mines, steamships, street cars, hotels. Although the name was simplified to the Delaware & Hudson Co. in 1899, the old form is still effective- D. & H. has no directors, but a Board of Managers over which reigns Leonor Fresnel Loree. Last week D. & H. ended its long history as a common carrier, vesting its railroads in a subsidiary at midnight, March...
...Leonor Fresnel Loree, Delaware & Hudson...
...Great Northern R. R. ordered 14 locomotives. The Boston & Maine R. R. placed in operation five superpower $100,000 locomotives, ordered 1,500 freight cars. The New York Central R. R. ordered 42 electric locomotives for handling freight to cost over $100,000 each. Leonor Fresnel Loree ("Little Giant") announced that his Delaware & Hudson R. R. was constructing a $125,000 locomotive to have 14% working efficiency compared to the present 7%. Steam pressure in this engine will be the highest yet obtained...