Word: norphlet
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Dates: during 1930-1939
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...second classic example of banker-management was rehashed in the St. Louis-San Francisco bankruptcy hearing in Manhattan. Late in 1925 Frisco's Edward Norphlet Brown, alarmed over the "strategic" situation in his territory, proposed to his bankers that they purchase working control of Chicago, Rock Island & Pacific, whose 8,330 miles of line far exceeded Frisco's 5,859 miles. For James ("Jimmy") Speyer, the shrewd, dapper, little 73-year-old banker who, for all practical purposes, is Speyer & Co., that deal proved highly profitable. From commissions and the firm's own speculative commitments, Speyer...
...President Thomas Ignatius Parkinson of Equitable Life. Because Nathan Amster got in on the ground floor of the Chicago, Rock Island & Pacific Ry. reorganization in 1917. is now a member of its executive committee, Wall Street was not surprised that the new board included two Rock Island men. Edward Norphlet Brown, chairman of the executive committee (he is also board chairman of stricken St. Louis-San Francisco) and Peter Gansevoort Ten Eyck. At its first meeting the new board chose Insurgent Amster as president...
Nobody knows the trouble that Chairman Edward Norphlet Brown of St. Louis-San Francisco ("Frisco") Railway Co. has seen. But a lot of people know him for an able troubleshooter. He railroaded for 27 years in Mexico, serving eleven years as president of National Railways of Mexico. In 1914 when Mexico's revolutionary atmosphere became impossibly hot, he resigned, going two years later to the chair of Pere Marquette, then called "Poor Marquette." His rehabilitation job there was so good that the Frisco, run down physically and financially, called him in 1919. Again he did a good...
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