Word: peres
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...four days last week before the Interstate Commerce Commission at Washington, lawyers for opposing factions of railroaders, bankers and investors tersely yet passionately made their final pleas for and against the proposed billion-and -a -half consolidation of the Nickel Plate, Erie, Pere Marquette, Hocking Valley and Chesapeake & Ohio railroads into a fourth great eastern system to complement the already existing New York Central, Pennsylvania, and Baltimore & Ohio lines. Stock in the five roads involved sufficient to swing the deal is already controlled by Oris Paxton Van Sweringen and his brother Mantis J. Van Sweringen, the genii of the plan...
When "Madame Bovarv", the "Egolst", "Pere Goriot" can be treated adequately in fifteen minutes the world will have grown so avil speed that no alternative to this writing of radio povelettes will be allowed the author. Until then it is evident that the aspirant for real literary honors must strive for something more than can be crowded into fifteen minutes and stuffed into the ears of people waiting in bear stock reports or the best jazz hand...
Last week the Pere Marquette Railroad announced successful experiments with an automatic train control similar to the device announced by the Chicago & Northwestern a month ago ( TIME, Oct. 5). Electro-magnetic waves flow into the rails, are picked up by coils under the locomotive's pilot or cowcatcher," condensed, transmitted to signal devices in the engineer's cab. If the engineer is incapacitated or heedless, the current proceeds to operate controls, braking, throttling, halting the train. The incoming signals are despatched automatically by the block towers along the line and keep engineers informed of the condition of each...
...grim thing anyhow for a son to live in the shadow of his father's greatness. Only the very great shine through the umbra? Alexander, son of Philip; Alexander, fils de Dumas pere; William, son of the elder Pitt. But what was the waning fortune of the sons of Cromwell, Napolean, Caesar...
Whatever has been urged against the proposed Nickel Plate merger, charges of "watered stock" or inflated capitalization have been conspicuous for their absence. In 1924, the five constituent properties (present Nickel Plate, Chesapeake & Ohio, Erie, Pere Marquette and Hocking Valley) showed a combined net income of $34,937,052. This is sufficient to take care of the 6% dividend on the 1,317,150 proposed shares of preferred, and then amount to $17.93 a share on the $150,753,522 of proposed common stock. In a similar way, the earnings of the constituent roads for 1923 would amount...