Word: railways
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...Ernest Sterling Marsh, 54, was elected president of the century-old Atchison, Topeka & Santa Fe Railway Co., longest U.S. railroad (13,076 miles) and fourth largest in operating revenue ($590 million in 1956), succeeding Fred G. Gurley, 68, Santa Fe president since 1944, who becomes board chairman. Marsh left the eleventh grade in 1918 to join the Santa Fe as a clerk in Clovis, N. Mex., went to Chicago as chief clerk in the president's office in 1942. Two years later, he was made assistant to the president, and in 1948 became vice president in charge of finance...
...suffering a loss in the strike-idled first quarter of 1956. General Dynamics Corp. showed a profit rise of 103% (from 56? to $1.13 a share) on a sales increase of 93%. The Union Pacific Railroad Co. increased its profits from 67? a share to 73?, and Northern Pacific Railway profits rose from 54? to 73?. Earnings of Mack Trucks, Inc. rose 33% above the 1956 first-quarter level (from 89? to $1.18 a share...
BILLION-DOLLAR CLUB gained four new U.S. companies in 1956 now numbers record 81 with assets of that amount. New members: Massachusetts Investors Trust Chesapeake & Ohio Railway Co. Detroit Bank & Trust Co., Tennessee Gas Transmission Co. Likely candidates for admission this year-Anaconda Co., International Paper Co., Public Service Electric & Gas Co. of New Jersey...
Idea Man. In Great Falls, Mont., after a month-long contest to name the new club for employees of the Great Northern Railway, the prize went to the suggestion of Club President Lloyd J. Warnke: "The Great Northern Railway Employees Club...
...Night. Without notice, the Katy secretly closed most of its St. Louis offices, moved them 500 miles southwest to Denison, Tex. In the dead of night, outside movers cleaned out the 15th floor of the Railway Exchange Building, and the third floor of the freight house on the fringe of downtown, quietly hauled away desks, cabinets and records aboard 23 moving vans. On Monday morning unsuspecting Katy employees reported with lunchboxes in hand to find an armed security officer on guard before darkened, empty offices. Cried one woman clerk of 33 years' service: "Oh heavens! I left my glasses...