Word: peres
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Dates: during 1920-1929
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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...
...quickly made it a sound and paying railway. In 1927 he was transferred to the Erie (not to be confused with the Wheeling & Lake Erie) and rapidly rehabilitated this over-capitalized dividend-passer. Last week was announced his appointment as president of both the Chesapeake & Ohio and the Pere Marquette, these making the third and fourth Van Sweringen roads of which he has been president...
...Erie president will be Charles E. Denny, Erie vice president and long a Bernet man. Meanwhile W. J. Harahan, Chesapeake & Ohio President, will become its senior vice president, will also become senior vice president of Pere Marquette. Mr. Harahan became Chesapeake & Ohio President...
...Davidson La Follette will complete Wisconsin's quota. Already present is the image of Jacques, sometimes called Pere ("Father"), Marquette, saintly early navigator of the Mississippi...
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...