Word: pere
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Dates: during 1920-1929
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Stockholders in a few more than 500 U. S. corporations last week received and cashed dividend checks totaling more than $500,000,000 as their income for the first quarter of the year. More than 30 companies also declared extra dividends, notably American Safety Razor, Childs (restaurants), Coca-Cola, Pere Marquette R.R., Midland Steel, Humble Oil & Gas, St. Louis & San Francisco ("Frisco") R.R., United Fruit, Singer Sewing Machine. The largest extra dividend-$60 a share-was paid by a relatively obscure concern, Pratt & Whitney, manufacturers of aircraft...
Chesapeake & Ohio (controlled by the Van Sweringens and their Nickel Plate R. R.) voted $59,502,400 to buy control of the Pere Marquette (now controlled by Van Sweringens) and the Erie (now controlled by Van Sweringens with the aid of George F. Baker...
...Sweringens, foiled by the Interstate Commerce Commission at previous attempts to create the Nickel Plate System out of the Nickel Plate R. R., the C. & O., the Hocking Valley (owned by the C. & O., and so by the Van Sweringens), the Erie and the Pere Marquette, are trying a new alignment of their controlled roads. Apparent emphasis now is on the C. & O. But the Nickel Plate R. R. controls...
...purchase, last week, of 130,000 shares of Pere Marquette R. R. stock, the Van Sweringen brothers increased their holdings in this road to 280,000 shares. This is 40% of the stock and gives them control of directors' meetings. More important, it obviates sharp bargaining between the Pere Marquette and the Nickel Plate System that they still propose...
...those "mighty fine young men," Oris Paxton Van Sweringen and Mantis James Van Sweringen, had replaced him with President James J. Bernet of their Nickel Plate road. This was probably another move of the Van Sweringens towards their merger of the Nickel Plate, Erie, Chesapeake & Ohio, Pere Marquette and Hocking Valley roads into their Nickel Plate System, which the Interstate Commerce Commission thwarted last March (TIME, March 15). President Underwood has always been "good copy" for newspaper men. There was the time when he was arrested for disorderly conduct because he would not get off a Staten Island ferry...