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Railroads. The Van Sweringen brothers gained control of the Buffalo, Rochester & Pittsburgh Railway, on which Leonor Fresnel Loree (trying to make a fifth eastern railroad system) for a time had an option...

Author: /time Magazine | Title: Business & Finance: Mergers: Oct. 22, 1928 | 10/22/1928 | See Source »

Before Leonor Fresnel Loree last spring was forced to abandon his threat of a fifth Eastern railroad system, he had an option on the Buffalo, Rochester & Pittsburgh Railway. This is a 600-mi., Y-shaped road joining Pennsylvania's soft coal and steel districts to Lakes Erie and Ontario. It lay as an important joint for him to connect his Delaware & Hudson, the Wabash (which he controlled) and the Lehigh Valley (which he thought he controlled). It was a pretty railroad layout and promised to compete with the New York Central, the Pennsylvania and the Baltimore & Ohio established systems...

Author: /time Magazine | Title: Business & Finance: Sale of the B. R. & P. | 10/22/1928 | See Source »

Then last spring Mr. Loree in a vicious, nerve-wracking stock-voting contest for control of the Lehigh Valley lost to Lehigh's President Edward Eugene Loomis. The fifth system thus could no longer be. Leonor Fresnel Loree, hard-bitten railroader that he is, was thwarted, vanquished.* At once he sold his Lehigh Valley and Wabash stocks to the Pennsyl-vania...

Author: /time Magazine | Title: Business & Finance: Sale of the B. R. & P. | 10/22/1928 | See Source »

Railroads. After two years effort to overcome opposition against his merging the Kansas-City Southern and Missouri-Kansas-Texas railroads, Leonor Fresnel Loree last week formally abandoned his project. Missouri-Kansas-Texas still controls the St. Louis Southwestern, the third component of the proposed merger...

Author: /time Magazine | Title: Business & Finance: Mergers: Oct. 15, 1928 | 10/15/1928 | See Source »

...Interstate Commerce Commission rebuffed Leonor Fresnel Loree last week. Among his many railroad activities has been his attempted merging of the Kansas City Southern, the Missouri-Kansas-Texas (Katy) and St. Louis Southwestern ("Cotton Belt") railroads...

Author: /time Magazine | Title: Business & Finance: Loree Rebuffed | 10/1/1928 | See Source »

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