Word: ohio
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Dates: during 1920-1929
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...knew a short, plump, brown-eyed, dark-haired schoolteacher with a wealthy sire and Puritan blood. Her name was Laura Celestia Spelman. When they were 25 each, John D. married her. The next year (1865) from dabbling tentatively in the oil that was gushing up in Ohio, Pennsylvania and New York, John D. became an oilman to the exclusion of all else. His refining firm was Rockefeller, Andrews & Flagier, later (1870) the Standard Oil Company. Railroads whose good customer Standard became helped Standard suppress competition by furnishing reports on competitors' shipments. John D. hated having rivals. By 1877 one company...
Resumption of dividends resulted largely from the work of able John Joseph Bernet, put in charge of the Erie in 1927 when the Van Sweringens began operating the road. Last month, leaving Erie to become president of both Chesapeake & Ohio and Pere Marquette (TIME, June 3), he was succeeded by Charles E. Denny...
...under Ford ownership. When Mr. Ford purchased it in 1920 for $5,000,000, railroad men generally decided that the Ford transportation genius was confined to rubber-tired vehicles only. For the D. T. & I. staggered its 343 miles from Detroit and Toledo to Ironton, Ohio, in hopeless and continued depression. It made no money and showed no signs of ever making money. Owner Ford made it pay. He electrified 263 miles of it. He raised salaries that were accustomed to being reduced. He speeded up the freight service (passenger traffic has never been an important D. T. Item...
...purchase. Reasonable seemed this conclusion. Last month was purchased Canton, Baltimore's bustling freight and industrial suburb, by a similarly unnamed principal which later proved to be the Pennsylvania (TIME, June 24). Furthermore, the Detroit, Toledo & Ironton was one of the roads included in the Baltimore & Ohio's plan for a greater and longer B. & O. (TIME, March 4). Just as the Canton purchase was virtually a slice carved out of B. & O.'s own backyard, so the Detroit, Toledo & Ironton seemed to be another Penn scoop...
Wabash Plan. The opening of the present week saw another disturbance of the rail status quo, and again the movement was pro-Pennsylvania and anti-Baltimore & Ohio. The Wabash Railway proposed a plan which aimed at creating a 7,044-mile system with the 2,400-mile Wabash as a nucleus. Major links in the proposed Wabash chain were the Pittsburgh & West Virginia, Wheeling & Lake Erie, Western Maryland, Lehigh Valley. The Wabash plan clashes with the Baltimore & Ohio plan (TIME, March 4) at almost every conceivable point. In the first place, the Wabash itself was the most vital unit...