Word: peres
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Their further steps to acquire the Erie, Chesapeake & Ohio and Pere Marquette is recent history (TiME, Aug. 18, Apr. 6, 27). If the I. C. C. approves, a railroad system whose market value is approximately $1,000,000,000 will have been acquired by two men with an initial cash outlay of only $2,000,000. The appreciation in the Van Sweringen stocks has not only done the rest, but also paid them $16,812,809 profit for their pains...
...systems-N. Y. Central, Baltimore & Ohio, and Pennsylvania-sat down and attempted to arrange just how they would absorb the rest of the roads in their territory. Unfortunately, everybody wanted the fat and nobody the lean roads. Meanwhile, the Van Sweringens quietly annexed the Nickel Plate, C. & O., Erie, Pere Marquette and Hocking Valley (TIME, Aug. 11, 18, April 6), and became a fourth party at the prospective feast. Now, while the four cannot agree on details of distributing small roads among them, a fifth would-be claimant appears-Mr. Leonor F. Loree, Chairman of the Delaware and Hudson...
Then the President sent to the Senate the name of Thomas F. Woodlock. "He lives in New York," cried Senators from the South. The President could not deny it. "He is a financier, a director of the Pere Marquette Railroad and the St. Louis-San Francisco. He writes for The Wall Street Journal, and even edited it once," cried Western Radicals. The President did not deny this. He even let it be known that Mr. Woodlock owed his appointment to his experience as a financier. The biggest problem now before...
...Sweringens are having their own way with their projected Nickel Plate merger (TIME, July 7, Aug. 11, Aug. 18). Erie shareholders have voted to accept their terms for leasing the road to the new consolidation, thus marking the real end of the historic Erie as an independent road. Pere Marquette shareholders. according to report, are about to follow suit...
...Foches had long been in the wool trade. The grandfather, Dominique Foch (1733-1804), in addition to increasing his fortune from wool, had busied himself giving practical expression to his enthusiasm for Napoleon, after whom he christened his son (Marshal Foch's father) Bertrand Jules Napoleon. Foch pere did not continue in the wool business but, as the French say, entra dans I'Administration; in other words, he became a civil servant. In 1850, having married Marie Sophie Jacqueline Dupre, he was appointed by President Louis Napoleon Secretaire General de la Prefecture at Tarbes. Next year...