Word: railroads
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Dates: during 1950-1959
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...Pierpont Morgan called "only a first-class business and that in a first-class way," serving such blue-chip firms as Du Pont, General Motors, International Harvester, American Telephone & Telegraph and U.S. Steel, many of which it had a hand in building. The bank began by marketing U.S. railroad securities abroad, took the lead in consolidating and merging railroads toward the turn of the century. From 23 Wall Street the elder J. P. Morgan stopped a run on the U.S. Treasury in 1895 by putting up gold for the Treasury, quelled the panic in 1907 by forcing leading bankers...
...suffered a heart ailment, was absent, and Chief Justice Earl Warren, down with a virus, sent his regrets. Added upsets: at dinner, Mrs. Howard Tinney, a Newport, R.I. friend of the Eisenhowers, left the table with a toothache; Mrs. Howard Simpson, wife of the president of the Baltimore & Ohio Railroad, became ill, was later described as having "rapid action of the heart''; Mrs. Earl Warren tripped on the White House front steps, quipped: "It's obvious I need my husband...
...York University's Square Journal put out a twelve-page edition using wire-service copy, and Harvard Crimson staffers rushed down from Cambridge with 8,000 copies of a "New York Edition." For their commuter trade, the New York Central mimeographed a neatly capsuled news summary ("Oldest daily railroad commuter newspaper in New York City"). Not to be outdone, the Long Island Rail Road and the Long Island Press displayed news bulletins in Pennsylvania Station. Schrafft's chain with 39 Manhattan restaurants, presented their customers with a news resumé along with their menus...
BORN in Chester. Pa., the son of a railroad stationmaster, Magowan began selling his talent early. He prepped at Kent School on a scholarship, went on to Harvard, where he was elected an editor of the Crimson, became baseball manager, and earned $100 a week as a stringer for the Boston Globe and the New York Times...
...trained more than 1,000 salesmen to preach investment, ordered booths set up at country fairs and in railroad stations to popularize stocks, insisted that ads and booklets be written by non-Wall Street people to get away from financial jargon. His nose for investment was spectacular: his five sons are millionaires today because of portfolios Magowan set up and managed for them...