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...next decade, the decade of the Spanish War, was greater for Andrew. In the war boom he turned promoter on a grand scale. He merged coal properties around Pittsburgh (many of them Mellon owned) into two great companies and sold their stock to the public. He merged the Pittsburgh traction companies (many of them Mellon owned). T. Mellon & Sons private bank became Mellon National. Andrew and Frick got an option on Carnegie Steel Co. for $160,000,000. Mellon agreed to raise $80,000,000 of the price and asked J. P. Morgan (the elder - the present J. P. Morgan...

Author: /time Magazine | Title: Books: Fortune Making | 8/14/1933 | See Source »

...time he is an ambulance chasing shyster, aided by a dipsomaniac doctor (Frank Morgan) and a collapsible assistant named Floppy (Charles Butterworth) whose duty it is to fall down in front of moving vehicles without getting hurt. Everything goes well for Lawyer Stevens and his disreputable assistants until the traction company which is the chief victim of their frauds tries to retaliate by hiring a girl detective (Madge Evans). She falls in love with Stevens and he with her until he finds in her purse a check from the traction company's lawyer. To prevent her testifying against...

Author: /time Magazine | Title: Cinema: The New Pictures: Jun. 5, 1933 | 6/5/1933 | See Source »

...Chicago the principal witness against the barge line was Frederick J. Lisman, white-haired Manhattan banker, traction promoter, author of the long-shelved Lisman Plan for a Chicago subway system. His glasses trembling indignantly on his thin nose Banker Lisman exclaimed...

Author: /time Magazine | Title: TRANSPORTATION: Banker v. General | 12/5/1932 | See Source »

...York has three subway systems. Though I. R. T. is the largest, it is controlled by smaller Brooklyn-Manhattan Transit Corp. Chairman of both is grinning, square-jawed Gerhard Melvin Dahl, onetime director of Cleveland's traction properties, later a trouble-shooting vice president of Chase National Bank. Together the two lines daily hurtle 5,000,000 New Yorkers up & down their rocky island, under and over the East River to Brooklyn and the Harlem River to The Bronx. The city's third system is municipally owned. Though it carries no passengers yet, its empty trains have rumbled...

Author: /time Magazine | Title: Business: Tangled Transit | 9/5/1932 | See Source »

...Thomas Alva Edison. Forthwith his name was wiped from the rolling stock of 113 U. S. and foreign electric railways and from all items of construction, equipment and control, Edison's name being substituted. Later he sold his electric elevator company to Otis Elevator Co. Electric traction had many other fathers -including Siemens Co. in Germany, Stephen D. Field, Charles J. Van Depoele, Leo Daft-but Frank Julian Sprague first conceived the idea of a car moving freely between two contact planes, the terminals of a constant potential generating system...

Author: /time Magazine | Title: Science: Liberator of Mules | 8/1/1932 | See Source »

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