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Sidetracked. When Ike Tigrett graduated from Union University in Jackson, Tenn. in 1898 he had $800 and a desire to become a banker. In a tiny town near Jackson he rented a building, scrawled the word "Bank" on the window, and built a cashier's cage out of chicken wire. In the cage Tigrett roosted anxiously for several days until the bank's first customer entered, opened an account with a deposit...

Author: /time Magazine | Title: RAILROADS: Highballing the G. M. & O. | 5/7/1945 | See Source »

...infinitely patient Isaac Burton Tigrett, 65, can get control of the bankrupt midwest Alton Railroad Co., as he was all set to do last week, he will have reached a goal he set for himself 34 years ago. Rail roader Tigrett's goal: to tie together a rail system reaching from the Gulf to the Great Lakes...

Author: /time Magazine | Title: RAILROADS: Highballing the G. M. & O. | 5/7/1945 | See Source »

...standards set during the Harriman-Hill-Gould era, 34 years represents a long time to create a railroad empire. But Ike Tigrett was never in any great hurry...

Author: /time Magazine | Title: RAILROADS: Highballing the G. M. & O. | 5/7/1945 | See Source »

Last week Tigrett was in Manhattan dickering with the bondholders' protective committee of the Alton. He got the committee to agree to swap $45 million of Alton 35, due in 1949, for $23 million of G.M. & 0. 4% income bonds, and 328,787 shares of common stock...

Author: /time Magazine | Title: RAILROADS: Highballing the G. M. & O. | 5/7/1945 | See Source »

...competitors one better by stocking his streamliners with smart, good-looking college girls - the U. S.'s first train hostesses. Scheduled to pay for themselves in seven and a half years, the sleek, Diesel-powered stream liners paid out in less than half that time. In 1936 President Tigrett formed Gulf Transport Co. to handle freight over a coordinated rail-highway system. To it he added a passenger service with tickets interchangeable between busses and trains. Says he: "We believe in hauling as far as we can by rail and then the rest of the way by highway...

Author: /time Magazine | Title: Business: Growing System | 6/24/1940 | See Source »

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