Word: lakes
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Dates: during 1920-1929
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...Chicago River. In place of dinginess there is magnificence. Instead of one elevator there are 15; instead of five stories there are 25. A Board of Directors room on the sixth floor is dedicated to the late great Victor Fremont Lawson. Its fine dark panels were taken from his Lake Shore Drive residence, so that the Daily News should have a lasting memory of its onetime chief...
Ezra Cornell was the leading miller and mechanic of a hamlet called Ithaca on Lake Cayuga. He had little book-learning, much patience and a jaw which his six-inch beard could not hide. He was a Quaker. He had made a fortune (for those days) by his own industry and originality...
When Wheeling & Lake Erie stock holders met at Cleveland last week, the Taplins argued that the Van Sweringens should not be allowed to vote their Nickel Plate and Alleghany holdings, inasmuch as the Interstate Commerce Commission last month (TIME, April 29) ordered the Nickel Plate to "divest" itself of its Wheeling stock. Therefore, the Taplins argued, the Van Sweringens had no right to vote stock which they had acquired and were holding in defiance of the I. C. C. Compromising, the Van Sweringens voted to adjourn the meeting until August 1, at which date the legality of their Wheeling holdings...
...Taplin decided that the best thing a big coal company could do was to buy its own railroad. He didn't like (he said) the way the Pittsburgh & Virginia was run (it had gone through several receiverships), so be bought it. Later he acquired large holdings in Wheeling & Lake Erie and has since been attempting to put together the lake-to-sea system which George Gould had begun...
...with making the engines go and the cars follow them. In 1916 he took the Nickel Plate, commonly known as "a streak of rust," and quickly made it a sound and paying railway. In 1927 he was transferred to the Erie (not to be confused with the Wheeling & Lake Erie) and rapidly rehabilitated this over-capitalized dividend-passer. Last week was announced his appointment as president of both the Chesapeake & Ohio and the Pere Marquette, these making the third and fourth Van Sweringen roads of which he has been president...