Word: mergered
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Dates: during 1920-1929
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Thirty-five years ago, Charles R. Elint began his lifelong habit of forming mergers and combines. His sobriquet "father of the trusts" has been gained by the active part which he has played in the organization of 22 large corporations, including U. S. Rubber, American Woolen, American Chicle, Sloss-Sheffield Steel and Somerset Coal. Mr. Flint is now 75 years of age, but his favorite occupation still has such a hold upon him that he is now planning the largest project of his life?a $100,000,000 merger of soft-coal companies in West Virginia, involving about...
...Flint, while ready to announce his intentions, refused to name the companies involved, since the merger has not yet become definitely agreed to by some of them. Individual operators whose properties are sought by Mr. Flint have been asked to submit balance sheets and earning statements, as a basis for merger operations...
...promoters of the merger advance the argument that consolidation of coal companies at present independent should permit of operating economies through centralized buying, greater mechanical efficiency, and savings in the costs of selling...
...railway field, the merger movement continues to excite interest. In addition to progress among the Big Four in the Northeastern section of the country, the Southwestern roads, especially Missouri Pacific, Missouri, Kansas & Texas, Kansas City, Southern and St. Louis & San Francisco, are beginning to entertain serious merger developments. Whatever 1925 proves in trade and industry, little doubt exists that it will be a remarkable year for the railroad business...
...avowed aim of the merger has been stated to be a more economical use of refining facilities, now about 50% in excess of what is needed. When Willet & Gray inquired Attorney General Stone's opinion, however, the latter official announced his opposition to the merger, on the basis that competitive conditions in the industry had not changed since 1922, when the decree was entered...