Word: nickell
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...three Eastern systems-N. Y. Central, Baltimore & Ohio, and Pennsylvania-sat down and attempted to arrange just how they would absorb the rest of the roads in their territory. Unfortunately, everybody wanted the fat and nobody the lean roads. Meanwhile, the Van Sweringens quietly annexed the Nickel Plate, C. & O., Erie, Pere Marquette and Hocking Valley (TIME, Aug. 11, 18, April 6), and became a fourth party at the prospective feast. Now, while the four cannot agree on details of distributing small roads among them, a fifth would-be claimant appears-Mr. Leonor F. Loree, Chairman of the Delaware...
...Sweringen brothers are patient men, and apparently their patience is about to be rewarded in the actual realization of their plans for the great Nickel Plate merger. Arguments tor further delay made by minority Chesapeake & Ohio stockholders have been denied by the Interstate Commerce Commission, which has bgun to consider the merger officially. Its approval will remove the last important barrier to effecting the consolidation...
Great plumbing economies were effected by passing water through scrap iron before letting it enter the pipes. The scrap iron exhausted the water's corrosive powers, latent in dissolved air. ?Robert J. McKay, International Nickel...
...railroad domain, the Van Sweringens advanced nearer the reali- zation of the Greater Nickel Plate System (TIME, July 7, Aug. 11, 18. Apr. 6) by securing assent to their leasing terms for the Chesapeake & Ohio by a majority of the latter's stockholders. Wilson & Co. (TIME, Sept. 8) and the St. Paul Railroad (TIME, Mar. 23, 30) are being cut down and revamped, preparatory to setting them up in business again on their own feet...
With the Chesapeake & Ohio stockholders, however, the situation is very different. The Van Sweringens bought the majority of C. & O. stock for the Nickel Plate rather easily. But, when it came to persuading minority C. & O. stockholders to accept the leasing terms which they proffered, vigorous protest at once developed...