Word: mergerer
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Dates: during 1920-1929
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...N.Y.C. Merger...
Termed dilatory by President Coolidge (see p. 9), the Interstate Commerce Commission last week roused itself, took action, decided that the New York Central R. R. might legally acquire the Cleveland. Cincinnati, Chicago & St. Louis and the Michigan Central railroads, and subsidiary lines of the two. Merger permission was conditional upon purchase by the New York Central of six short-line roads in the affected area...
Banks. During 1928 the Bank of United States (Manhattan) accumulated by merger the following: Central Mercantile Bank & Trust Co. (six branches), Cosmopolitan Bank (four units), City Financial Corp. Last week it bought stock control of the Colonial Bank (16 branches), bringing its total resources to $260,000,000, its chain to 36 banking units...
...Mercantile Trust Co. and the National Bank of Commerce, both in St. Louis, made dickers last week, preliminary to a consolidation. Effected, the merger would form a bank, as large, perhaps larger, than the present "biggest" First National Bank of St. Louis...
...Canadian National, however, a government-owned railroad formed from the merger of several Canadian railroads, was in an extremely bad way. Trackage was far out of proportion to traffic; service was often unreliable; profits were nonexistent. Today, however, Canadian National is a worthy rival to Canadian Pacific; since 1922 has steadily risen in performance, in prestige. For in that year came U. S.-born Englishman Sir Henry Thornton to change Canadian National from liability to asset...