Word: nickel
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Dates: during 1960-1969
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...extend his road across northern Ohio east of buffalo, and west to Chicago and St. Louis, he wants to merge with the New York, Chicago & St. Louis (Nickel Plate) Railroad through an exhange of .45 of a share of N. & W. stock for one of Nickel Plate's. To close the 111-mile gap between the end of his tracks at Columbus and the Nickel Plate's at Sandusky, he wants to buy the Sandusky Line from the Pennsylvania Railroad for $27 million. Finally, to push his network into Michigan and west to Omaga, he plans to lease...
...combined earnings of the roads last year totaled $77 million, well ahead of the earnings of any other transportation corporation. President Saunders estimates that by eliminating duplicate tracks and terminals between the Wabash and Nickel Plate, he will save at least $25 million a year and make the profit picture prettier...
...Pennsylvania, which owns 28% (the largest single block) of the N. & W. and 99% Of the Wabash, has already blessed the merger. So have the Nickel Plate and N. & W. directors. The plan may be the first step in a Pennsylvania scheme to set up a huge eastern rail system that it will later try to join...
Saunders still needs approval by ICC and Nickel Plate and N. & W. stockholders. But no serious ovjections are expected. ICC Chairman Kenneth H. Tuggle reiterated last week what the agency has said before-that it is in favor of mergers that are in the public interest...
...afraid of the dark. He roars about, spending energy as if he could plow a field without a horse. The viewer knows that Preston will get another job, and can only grin when the frustrated fellow complains that his wife (Dorothy McGuire) treats him "like change from a nickel" and thunders out of the house vowing that "Ah'm goan to see Mavis Pruitt and ah'm goan to drink booze and ah'm goan to raise every other kind of hell ah kin think...