Word: railroads
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Dates: during 1920-1929
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...Railroads. The Van Sweringen brothers gained control of the Buffalo, Rochester & Pittsburgh Railway, on which Leonor Fresnel Loree (trying to make a fifth eastern railroad system) for a time had an option...
...Excursions. Like some chain grocery and drug stores who make special sales of two items for the cost of one plus one cent, the Boston & Maine Railroad has decided to sell holiday excursion round trip tickets between any two of its stations for the regular fare plus one dollar. It is a railroad innovation...
Before Leonor Fresnel Loree last spring was forced to abandon his threat of a fifth Eastern railroad system, he had an option on the Buffalo, Rochester & Pittsburgh Railway. This is a 600-mi., Y-shaped road joining Pennsylvania's soft coal and steel districts to Lakes Erie and Ontario. It lay as an important joint for him to connect his Delaware & Hudson, the Wabash (which he controlled) and the Lehigh Valley (which he thought he controlled). It was a pretty railroad layout and promised to compete with the New York Central, the Pennsylvania and the Baltimore & Ohio established systems...
...cross-country, north-south connecting line. The B. & O. wanted the same B. R. & P. to reach the eastern Great Lakes. The Van Sweringens, close friends and complements of the N. Y. C., apparently stood by. Only the Pennsylvania sided with Mr. Loree's aspirations. Even so, financial and railroad men believe (such things are impossible to ascertain), Pennsylvania's President William Wallace Atterbury, while fanning Mr. Loree's fire with one hand, had his other hand on Mr. Loree's chestnuts. Whatever the opposing forces were, the Interstate Commerce Commission frowned against the Loree B. R. & P. purchase...
Meanwhile, and all summer long, the Van Sweringen brothers ? Oris Paxton, 49, and Mantis James, 47?sat high in their 54-story steel & limestone railroad tower domineering over Cleveland. Their apart- ment there in the air is charming.+ Charming, too, are they as individuals?courteous, manly, straightforward. Babbitt Clevelanders state that they are not jovial, that they are aloof. They play (chiefly at golf) more for physical and mental exercise than for sport. As railroad financiers they are great tacticians, but not yet great strategists. They gained control of the Nickel Plate, the Chesapeake & Ohio, the Hocking Valley...