Word: rying
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...inquiry which began by attacking the evils of monopoly should end by attacking the evils of competition." Meanwhile, TNEC announced that its first attack would begin with hearings on November 14 on the patent situation in the glass industry and the proxy battle over the Chesapeake & Ohio Ry, last spring...
...Extended its easy credit policy to railroad equipment trust certificates. Heretofore, with the exception of the World War period, the Interstate Commerce Commission has always required a 25% down payment by railroads on equipment purchases financed by equipment trust certificates. Last August ICC allowed Seaboard Air Line Ry., which is in reorganization, to finance 90% of a $1,671,000 equipment trust issue. Last week in a supplementary decision ICC let the Seaboard finance the other 10%. ICCommissioner Claude R. Porter dissented on the grounds that such a policy would impair the market for equipment trusts...
...money steadily for 15 years. But between 1927 and 1929 the Vans made a second, less prudent purchase. After a spectacular tussle with the Taplin interests (Pittsburgh & West Virginia R. R.), which resulted in a virtual corner on the stock market, they bought control of the Wheeling & Lake Erie Ry...
Twelve years ago, bewhiskered old Leonor F. Loree wanted to merge his Kansas City Southern Ry. with the Missouri-Kansas-Texas and the St. Louis Southwestern railroads. ICC said No. A few years later the Van Sweringens wanted to merge it with their sprawling Missouri Pacific. Hard times quashed that idea. In 1931 Chicago Great Western got control of K.C.S. But litigation, instituted by Railroader Loree, kept the pair apart. Last week, Kansas City Southern once more was on the verge of matrimony-this time proposed by its Board Chairman Harvey Crowley Couch...
...director who organized Arkansas's first telephone sys tem, strapping, 61-year-old Harvey Couch is Arkansas's wealthiest private citizen, and the Southwest's No. 1 private utilitarian (Arkansas, Louisiana and Mississippi Power and Light Companies). In 1926 he bought Louisiana and Arkansas Ry. for $10,000,000, In February 1937, for a rumored $2,250,000 he picked up working control of K.C.S. from Paine, Webber & Co., which got control after a bitter fight with Leonor Loree. Since then Wall Street has been expecting a merger and last week Harvey Couch produced it. He announced...