Word: mcnear
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Dates: during 1950-1959
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SANTA FE RAILROAD, longest in the U.S. (TIME, May 23), will expand again. For $9,963,000 the Santa Fe bought 73,800 shares (82%) of the Toledo, Peoria & Western Railroad from the estate of George P. McNear Jr., whose death by a shotgun blast during a 1947 strike is still unsolved. With the 239-mile T.P. & W., which bridges central Illinois and ties in with the Santa Fe tracks at Lomax, Ill., the Santa Fe can bypass crowded Chicago switchyards with transcontinental freight, save up to eight hours on New York deliveries...
...auction, and has to its debit one of the nation's worst railroad disasters (81 killed). After World War II, a long and bitter strike resulted in the shotgun killing of two strikers (TIME, Feb. 18, 1946). In 1947, T.P. & W.'s anti-union President George McNear Jr. was himself killed by a shotgun blast in a still unsolved murder...
...last week T.P. & W.'s President John Russel Coulter, 52, who took over soon after McNear's death, reported some good news-about the best in the little railroad's unhappy career. From a $3,600,000 deficit four years ago, he had pulled T.P. & W.'s net up to $742,000 in 1951, paid out $825,000 in dividends and more than, $2,000,000 in income, inheritance and other taxes. At the news, McNear estate executors decided that their job was done. They voted to turn over the railroad to estate trustees...