Word: leonor
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Dates: during 1930-1939
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Twelve years ago, bewhiskered old Leonor F. Loree wanted to merge his Kansas City Southern Ry. with the Missouri-Kansas-Texas and the St. Louis Southwestern railroads. ICC said No. A few years later the Van Sweringens wanted to merge it with their sprawling Missouri Pacific. Hard times quashed that idea. In 1931 Chicago Great Western got control of K.C.S. But litigation, instituted by Railroader Loree, kept the pair apart. Last week, Kansas City Southern once more was on the verge of matrimony-this time proposed by its Board Chairman Harvey Crowley Couch...
...utilitarian (Arkansas, Louisiana and Mississippi Power and Light Companies). In 1926 he bought Louisiana and Arkansas Ry. for $10,000,000, In February 1937, for a rumored $2,250,000 he picked up working control of K.C.S. from Paine, Webber & Co., which got control after a bitter fight with Leonor Loree. Since then Wall Street has been expecting a merger and last week Harvey Couch produced it. He announced that K.C.S. would issue 210,000 shares of common stock to exchange for stock...
Last week neat, genial Joseph H. Nuelle was elected president of Delaware & Hudson Co. to take the place of untidy, scowling Leonor Loree, who retired a month ago. Mr. Loree had run Delaware & Hudson since 1907, same year that Joe Nuelle (pronounced Nelly) started work for New York, Ontario & Western. While Mr. Loree was maneuvering Delaware & Hudson into a national prominence not strictly deserved by its present 847 miles of trackage, Mr. Nuelle was persistently working his way up from assistant engineer to principal assistant engineer to engineer of maintenance of way to chief engineer to general manager to president...
Railroad presidents who sigh when they think of the magnificent open-field technique of Vanderbilt, Harriman, Gould and Hill, sighed again last week when Leonor Fresnel Loree, on the point of turning 80. resigned as president of Delaware & Hudson Co. Mr. Loree has a beard and a ferocious scowl. But despite his age and looks, he was always only on the fringes of the swashbuckling, end-of-the-century railroad men who ran railroads, the stock-market and a few States. He was a Harriman man, less of a giant than a tall man with aspirations...
Thereupon, at the bottom of the market, Mr. Loree used some of the cash to buy a clear 10% of New York Central stock. It was easily the largest New York Central holding. Railroad men spoke of the new Leonor Loree. But last week, six years after the purchase. New York Central stock was worth half what he paid for it, and Mr. Loree was weary of the game...