Word: ohio
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Dates: during 1920-1929
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...Union, members of Congress and previous Nobel prize men are "duly qualified" for recommending. And off to Oslo went the prayer of, besides Mr. Dawes, the following: Speaker Longworth, Senators Shipstead and Schall and Representative Newton of Minnesota (the Kellogg State); Senators Burton (oldtime peace man) and Fess of Ohio, Senator Walsh of Montana...
...Ohio's arid Cooper said: "I regret I must break on this question with my very good friend Dr. McBride. . . . God has given me a conscience and I must follow its dictates...
What took place last week on the House floor was highly technical. Behind the technicalities was a defeat for the Anti-Saloon League that must have made Wayne B. Wheeler revolve in his Ohio grave. Over the most potent prohibiting force in the U. S., the Republican House machine rolled to the tune of 240 to 141, leaving the League, for the first time since the 18th Amendment, flat and broken by the legislative wayside...
Always busy are the Van Sweringen Brothers, Oris Paxton and Mantis James. With plans for a railroad merger including Chesapeake & Ohio, Nickel Plate, Pere Marquette, Erie and subordinate roads held up by the Interstate Commerce Commission, the Van Sweringens have been concentrating on financing rather than on operating. Last week they announced and financed a new Allegheny Corp., holding company for their railroad stocks. An offering of $35,000,000 5% convertible bonds, par 100, was quickly sold (through J. P. Morgan & Co., National City Co., First National Bank, and Guaranty Co.) at a 10-point premium. Later offerings were...
Initial holdings of Allegheny Corp. include shares in Chesapeake Corp., Nickel Plate, Buffalo, Rochester & Pittsburgh, Chesapeake & Ohio and Erie, all of which have been Van Sweringen stocks. The corporation is also empowered to make further investments, principally in railroad stocks. It can therefore function as a railroad investment trust as well as a Van Sweringen holding company. It has, however, no power to operate railroad properties or to engage in banking...