Word: rying
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...Loomis, president of the road for 20 years, retired to become board chairman. Elected to succeed him was Scottish-born Duncan John Kerr, a rail-road man since 1904, when he arrived in the U. S. with a degree in engineering from the University of Glasgow. With Great Northern Ry. from 1910 to 1936, Mr. Kerr was assistant to the vice president in charge of operations and president of coal and lumber subsidiaries in Montana when Mr. Loomis hired him as his assistant last year. Reserved, 53-year old President Kerr lives in Manhattan, enjoys most "just being in Montana...
Associated Press reported that Midamerica might be sold "within 48 hours." But days passed without any announcement of a sale. Cleveland newspapers placed Boston's crusty old Frederick Henry Prince, chairman of Armour & Co. and onetime president of the Van Sweringens' Pere Marquette Ry., at the head of a propositioning group which had withdrawn from the race. Other "overnight selections": a Manhattan syndicate represented by Brokers Young, Kolbe & Co.; a General Motors-Du Pont combine...
...wealth if not in prestige the open-handed Toronto millionaires are a match for Montreal's best. Richest man in Canada is Sir Herbert Samuel Holt, testy, 81-year-old Chairman of the Royal Bank of Canada. An Irishman from Dublin, he got his start in Canadian Pacific Ry., made a fortune in Montreal utilities, another fortune in textiles. Hardboiled, hot tempered, hobbyless, he has been known to pick up an inquisitive newshawk, toss him bodily downstairs...
...economic predilections . . . they are scrupulously suppressed. . .. Judges are moralists and good fellows. They like to see people get a square deal. For example, any railroad company which has not had its tax assessment lowered since the Depression . . . may have its tax bill cut down by this court [Great Northern Ry. v. North Dakota]. This is the type of legislative tyranny which is clearly a violation of due process. . . . We shall give back any money exacted as taxes . . . for the benefit of farmers . . . but we shall have nothing to say if the money is for no one in particular [Hoosac Mills...
Harvey Couch's Louisiana & Arkansas Ry. has only one dining car, the K.C.S. but three. Assets of the two roads foot up in about the same ratio - $36,500,000: $136,000,000 - and dining car and passenger revenues mean little to either. Running from New Orleans to Shreveport, La. and Hope, Ark. with an affiliate branching to Dallas, Tex. the L. & A. carries mostly quarry products, refined oils and sugar...