Word: taplin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...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...