Word: taplin
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Dates: during 1920-1929
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...Boards a different consolidation game is being played. Last week two bold moves were made on the Van Sweringen board. Master Atterbury made the first when he captured a valuable pawn, the Pittsburgh and West Virginia. His Pennroad Corp. bought for $50.000,000 from Frank E. and Charles E. Taplin the controlling interest in the road. The loss of this key road is a setback to the Van Sweringen merger plans, which does not displease the Brothers Taplin, arch-enemies of the Brothers Van Sweringen. The sale also means that the Taplins have given up their aspirations for a Great...
...current trunk-line proposition involves the Wabash (controlled by the Pennsylvania), the Western Maryland, the Pittsburgh & West Virginia (Taplin property) and the Wheeling & Lake Erie (disputed between Taplins and Van Sweringens). The Wabash and the Western Maryland are units in the B. & O.'s merger plan now before the Interstate Commerce Commission...
...well known are the Taplins, partly because Frank E. Taplin does not like newsmen and emphatically dislikes such newsmen as roam about accompanied by cameras. Unlike the Van Sweringens, the Taplins are not usually regarded as equals, Frank E. Taplin being quite unmistakably Chief Taplin, with Charles Taplin able lawyer, acting largely as attorney for the Taplin interests...
Railman Frank Taplin, 55, began his industrial career 42 years ago, started in as office boy for no less famed an employer than John D. Rockefeller Sr. (The present "Taplin interests" include a vague but potent backing from the Rockefeller family, whereas the Van Sweringens are more directly indebted to the House of Morgan.) Mr. Taplin's father was manager of the refined oil department and was later vice president of the old Standard Oil Co. But it was coal, not oil, that founded the Taplin future. In 1900 Mr. Taplin became salesman for Pittsburgh Coal...
...Taplin decided that the best thing a big coal company could do was to buy its own railroad. He didn't like (he said) the way the Pittsburgh & Virginia was run (it had gone through several receiverships), so be bought it. Later he acquired large holdings in Wheeling & Lake Erie and has since been attempting to put together the lake-to-sea system which George Gould had begun...