Word: nickel
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Dates: during 1920-1929
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...Howell was on hand with another proposal: that a committee of Congress be authorized to investigate the proposed merger by the Van Sweringens of the Nickel Plate, Erie, Chesapeake & Ohio, Pere Marquette and Hocking Valley Railways, as well as the control of the Gulf Coast lines acquired by the Missouri Pacific...
...pasture land three miles out beyond the farthest car line and began to subdivide it into building lots. They began to develop it and, after a time, found that they had to have transit lines, that they would have to furnish transit themselves. So they opened negotiations with the Nickel Plate Railroad, which had a right of way that they wanted, and in somewhat fabulous fashion concluded the negotiations by purchasing the whole railway. They subsequently acquired control of the Toledo, St. Louis & Western (Clover Leaf), Lake Erie & Western and a number of smaller lines, which they consolidated with...
...problem essentially involves merging the older Eastern lines, par- ticularly between Chicago and the North Atlantic seaboard, into a few systems. Last spring, the Van Sweringens took time by the forelock, and by adding to their original Nickel Plate holdings the Hocking Valley, Erie, C. & O. and Pere Marquette, created the new Nickel Plate system (TIME, July...
...Central New Jersey and the Reading. But the energetic Van Sweringen brothers kept right on acquiring roads; their system lacked entry into Pittsburgh, and rumors became active in Wall Street that the Pittsburgh & W. Virginia, the Lackawanna and other roads might soon be added to the new Nickel Plate...
While the Nickel Plate consolidation has held the headlines, another railway merger involving an even greater mileage has been quietly passing through its preliminary stages. When the Interstate Commerce Commission meets next month, the Missouri Pacific Railroad will apply for permission to acquire the New Orleans, Texas & Mexico Railway, by the issuance of $18,000,000 15-year 7% notes. With the N. O., T. & M., Missouri Pacific will acquire its subsidiary, the International-Great Northern. Missouri Pacific already controls the Texas & Pacific through ownership of $23,703,000 of its $24,676,000 preferred...