Word: taplin
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Dates: during 1920-1929
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...Ignatius Reschke and Sergeant Rudolph Maralowitz. The police guard represented (through the medium of an injunction) the interests of Cleveland's famed and potent Van Sweringen brothers. They were stationed, too, for the purpose of foiling, baffling and frustrating the interests of Cleveland's less famed but also potent Taplin brothers. For between the Van Sweringens and the Taplins exists a long-standing feud, which last week resulted in the phenomenon of a railroad with two presidents, two sets of directors, and two allegedly controlling factions...
...other from Cleveland to Zanesville, Ohio, the two crossing at Brewster, Ohio. The Van Sweringens, who consider the Wheeling & Lake Erie a desirable unit in their proposed Fourth Trunk Line, have acquired control of the road through stock held by the Nickel Plate and Alleghany Corp.* But Frank Taplin, largest single stockholder and leader of a powerful minority group of Wheeling & Lake Erie stockholders opposed to Van Sweringen denomination, has also a Trunk Line plan. Less ambitious than the Van Sweringens, the Taplins plan what is primarily a fast freight line between the Great Lakes and Baltimore; to them...
When Wheeling & Lake Erie stock holders met at Cleveland last week, the Taplins argued that the Van Sweringens should not be allowed to vote their Nickel Plate and Alleghany holdings, inasmuch as the Interstate Commerce Commission last month (TIME, April 29) ordered the Nickel Plate to "divest" itself of its Wheeling stock. Therefore, the Taplins argued, the Van Sweringens had no right to vote stock which they had acquired and were holding in defiance of the I. C. C. Compromising, the Van Sweringens voted to adjourn the meeting until August 1, at which date the legality of their Wheeling holdings...
...Sweringens refused to admit the legality of the Taplin proceedings (which included declaring that all acts of the directors since May, 1927 were null and void). Designating the Taplin meeting as a "rump"* meeting, they got an injunction preventing the Taplin officers from occupying Wheeling offices and especially from examining Wheeling records...
...Swer-ingens (Nickel Plate owners) blandly ask for all, having been told that they could have nothing.* No blind optimists, the Van Sweringens possibly were asking for control of the Wheeling as an emphatic method of objecting to the road getting into the hands of the Taplin interests, who are also closely eyeing...