Word: pere
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Howell was on hand with another proposal: that a committee of Congress be authorized to investigate the proposed merger by the Van Sweringens of the Nickel Plate, Erie, Chesapeake & Ohio, Pere Marquette and Hocking Valley Railways, as well as the control of the Gulf Coast lines acquired by the Missouri Pacific...
Just recently, these two boyish looking bachelors emerged with another plan. They had acquired a majority control in the stock of the Chesapeake & Ohio, Hocking Valley, Erie and Pere Marquette, which they proposed to merge with the Nickel Plate. One by one, the various boards of directors have given their consent and the only major obstacle now to be overcome is the Interstate Commerce Commission, which must also consent...
...problem essentially involves merging the older Eastern lines, par- ticularly between Chicago and the North Atlantic seaboard, into a few systems. Last spring, the Van Sweringens took time by the forelock, and by adding to their original Nickel Plate holdings the Hocking Valley, Erie, C. & O. and Pere Marquette, created the new Nickel Plate system (TIME, July...
...parties unnamed. It provided for the creation of a brand new company (the New York, Chicago & St. Louis Railway Co.) to acquire and hold the stocks of the old "Nickel Plate" (the New York, Chicago & St. Louis Railroad Co.), the Erie, the C. & O., the Hocking Valley, and the Pere Marquette. The new company will have two classes of stock, common and 6% preferred, which will be exchanged in varying ratios for the stocks of the several roads going into the merger, on terms apparently favorable to all concerned. On the basis of 1923 earnings of the several roads involved...
...system, according to experts, will be sound from a traffic as well as from a financial standpoint. Pere Marquette will serve to collect local traffic, and to distribute coal from the C. & O. The original Nickel Plate and Erie systems between them provide an excellent fast freight line into New York from the West. The Hocking Valley serves to connect the mileage of the C. & O., Erie and Nickel Plate. The consolidated system will touch New York, Chicago, St. Louis, Cleveland, Peoria, Newport News, Toledo, Detroit, Buffalo. The old Erie gives it one seaboard outlet on the Atlantic...