Word: pittston
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Dates: during 1940-1949
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With some of the cash it raised on these sales Alleghany has already bought into Portsmouth Steel and Interlake Steamship Co., a Great Lakes ore carrier, and increased its holdings of Pittston Co., one of the world's largest coal producers. Wall Streeters also gossiped that Young was casting a buying eye on Western Union and American Express Co., which he thought he could get cheap. Both would fit nicely into his transportation kingdom. For landing big fish like these, Bob Young was readying...
Coal & Chicks. If there was, tough old John C. Kehoe wasn't saying. Son of a coal miner, he picked slate in Pennsylvania's hard-coal country for 45^ a day. As a boy, instead of shooting marbles, he was fighting game chicks-against other kids in Pittston, Pa. He became the hard-fisted political boss of Luzerne County and owner of half a dozen coal mines, but never gave up cockfighting. The big difference between Kehoe and the 150,000 other people who fight roosters in the U.S. is that he crows about...
Outside railroads, Alleghany Corp. has some ten subsidiaries. The chief one is the Pittston Co., a holding company for various coal-mining interests. Outside Alleghany Corp., Bob Young's biggest investment is in Pathe Industries, Inc., a catch-all holding company. Its chief subsidiaries make, process and distribute movies. Young has already poured $20,000,000 into his new producing subsidiary, Eagle-Lion Films, Inc., hopes to turn it into a major Hollywood studio. For Eagle-Lion, Young has made a deal with British Cinemagnate J. Arthur Rank to distribute ten of his pictures in the U.S. while Rank...
...various "40-Plus Clubs," groups of chin-up engineers and mechanics who thus advertised the reason they were out of work. In expanding for the British order, Cohen next hired instructors from the Delehanty Institute to train the raw labor he picked up. When he opened the West Pittston Iron Works (near Wilkes-Barre) to machine steel plates, 343 of the 350 men hired were from the coal mines. They went to school four nights a week, now operate drills and finishing machinery in three shifts, 24 hours...
From its West Pittston plant every week come 24 sets of the 33 steel plates that make a 30-ton tank. Nearby, the Wilkes-Barre Carriage Co., also Empire-owned, makes gun mounts, inserts recoils, ships them back to the Schuylkill. From there the finished 755 go to the U.S. Army's Aberdeen testing ground. They are all British orders, but since Lend-Lease the Army tests them. From Aberdeen, says Frank Cohen proudly, Empire has never had a reject...