Word: steps
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Recent financial problems of the Athletic Association involving greatly decreased revenues and revised budgets have in some instances hastened the progress of such a policy, and it has been inevitable that in making these changes, some seasonal coaches of ability and long residence in Cambridge have been forced to step aside...
...figure for you." or "You can get that from the records." Caustic comments about the quality of his memory did not move him. Yet at the end of four days' testimony the committeemen could get a good idea of how the Van Sweringens had acquired their railroad system, step by step from a "shoestring...
...Step I was taken in 1916, when the brothers-two farm boys who went to the city and spent their savings buying empty lots-were already successful real estate operators in Cleveland. They had a suburban development called Shaker Heights which needed a rapid transit line to the heart of the city. For a rapid transit line they needed a right of way. They thought of hiring one from the nearby Nickel Plate Road. They went to the New York Central (which owned more than 50% of the stock of the Nickel Plate) and came away not only with...
...Step 2. In 1920 came the National Transportation Act, proposing railroad consolidations. Straightway the Van Sweringens sat down to figure out their own consolidation. The Nickel Plate was making money and in 1922 they had it buy and absorb two smaller roads: the Toledo, St. Louis & Western ("Clover Leaf") and the Lake Erie & Western. But the brothers had a more ambitious project; they wanted the Chesapeake & Ohio. A block of 73,000 shares, a minority but practically a controlling interest in the C. & O., was held by the Huntington family of Los Angeles. In 1923 they bought this...
...Step 3. With these major holdings assembled, the Van Sweringens went to the Interstate Commerce Commission in 1925 for permission to merge them with the Nickel Plate. The Commission said No. It objected to tying all these roads into the Nickel Plate which was so absolutely controlled by a small group of men, and it objected to certain physical aspects of the consolidation (which would have made the Nickel Plate instead of the C. & O. the backbone of a new system). So the Van Sweringens reversed their plans. The C. & O. became the centre of their schemes. In 1927 they...