Word: mergered
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Dates: during 1920-1929
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...would be fine, many an ambitious corporation promoter thought, if these two eminently successful selling organizations were merged. The idea is not new. Five years ago it was presented to Charles A. Whelan and David A. Schulte. Astute men both, they had long known the economies of a merger. But neither would yield the identity of his business. When the proposition was laid before David A. Schulte that he sell out to United Cigars Stores, he replied, in effect, "I'll buy out myself, United Cigar Stores, if they will sell." That meant stalemate. Nor have subsequent merger negotiations come...
...Railroad Mergers. Northwest. Arthur Curtis James, probably the largest railroad stockholder in the country, predicted at St. Paul last week, that the Great Northern, the Northern Pacific and the Burlington would be consolidated into a Northwest system, with only the St. Paul giving competition. Chairman Howard Elliott of the Northern Pacific, at Manhattan, said the merger awaits only appropriate Congressional legislation...
Southwest. Plans of the Leonor Fresnel Loree merger of the Kansas City Southern, the Missouri-Kansas-Texas and the St. Louis Southwestern were placed before the Interstate Commerce Commission last week...
...Stock control of Onyx Hosiery, Inc., was bought last week by James Hammond of Hayden, Stone & Co., Manhattan investment house. He is a director and treasurer of the Gotham Silk Hosiery Co. and therefore his purchase, considered with the present refinancing of both concerns, is taken to indicate a merger...
...Another merger of the week was that of the Central Mercantile Bank (C. Stanley Mitchell, President) with the American Bank (Julian M. Gerard, President). The new corporation, named the Central Mercantile Bank of New York, will have one main office with four branches, capital more than $45,000,000. Mr. Mitchell becomes president, Mr. Gerard chairman...