Word: railroads
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Dates: during 1920-1929
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...argument. It is known as the Hooker-White-Atterbury bid. Elon H. Hooker, owner of an electro-chemical company at Niagara Falls, built two of the Muscle Shoals units during the War. J. G. White is a great chemical manufacturer. Atterbury, famed "General," is operative head of the Pennsylvania Railroad. They aggregate no mean amount of prestige. Their offer is to function as an operating company for the Government in the manufacture of a metallic magnesium aluminum alloy, which has the strength of mild steel, would revolutionize railway car construction, cheapen transportation, provide stocks of metal?discovered by the Germans...
...election of Patrick E. Crowley to the Presidency of the New York Central Railroad (TIME; April 14) was interpreted as revealing the policy of the company's directors in favoring succession in office of operating executives. Since Chauncey M. Depew, a lawyer, was President, all his four successors-Samuel R. Colloway, William H. Newman, W. C. Brown and the late A. H. Smith-have been operating...
When the U. S. Steel Corporation acquired its own railroad lines to expedite the passage of its raw material and products from mine to mill, much comment was occasioned. In recent years, the example set by the Steel Corporation has been followed by Henry Ford in acquiring the Detroit, Toledo & Ironton Railroad...
Apparently the Willys-Overland interests have decided to emulate their great rival in Detroit. Together with the Wabash Railroad, Willys-Overland has just acquired the Toledo & Western Railroad, as well as several hundred acres of industrial sites in West Toledo. The joint owners have organized the Toledo & Western Railway Co. to operate the road and develop the new industrial acreage. The value of road and land is estimated at $2,000,000; in addition, $1,000,000 will be spent in modernizing the road and improving its terminal facilities in West Toledo. A spur line will very shortly be extended...
Down at No. 23 Wall Street, Manhattan, one Thomas W. Lamont is accustomed to put in a good 8-or 9-hour day working at figures. Now a government, now a railroad, now a tin-can factory must have its figures overhauled and set again on its financial way rejoicing. There is, little time for political speculation in the high philosophic sense...