Word: tycooning
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Dates: during 1930-1939
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Died. John Wesley Van Dyke, 89, self-made oil tycoon, strong-handed board chairman of Atlantic Refining Co., president of nine oil companies; after long illness; in Philadelphia...
...Last month the U. S. railway equipment industry took orders for five locomotives, 315 freight cars, no passenger cars, 6,500 tons of rail. Last week, No. 1 U. S. Rail Tycoon Martin Withington Clement of the $2,322,408,000 Pennsylvania announced that his railroad is in the market for 20 electric locomotives, 2,500 freight cars, 18 passenger cars, 80,000 tons of rail. Total : $1,7,000,000 of new capital investment (75% to be paid for by the sale of equipment trust certificates), but only a beginning for the Pennsylvania which has 58,380 unserviceable freight...
Electrolux Tycoon Axel Wenner-Gren, whose yacht Southern Cross rescued 399 Athenians (TIME, Sept. 11), added to the picture in his story for a Swedish newspaper: "The rooms, hallways and decks were crowded with hundreds of half-naked people. Many had been lying in bed, seasick . . . had to rush out on deck undressed. Many of the survivors were drenched with oil from the Athenians oil tanks which were shattered by the explosion...
...Tycoon Axel Leonard Wenner-Gren, 58, a tall, vigorous, pink-cheeked extrovert who speaks a dozen languages, is called "Rockefeller of Sweden" because he gave $7,500,000 for a research institute, $100,000 for antiaircraft batteries to defend Stockholm. The Bofors Co., which makes antiaircraft guns, is largely his. So is most of worldwide Electrolux Co. (refrigerators, vacuum cleaners). His lady is from Kansas City, Marguerite Liggett, who studied opera singing in Berlin. His yacht, the Southern Cross, is one of the world's largest, was once owned by Flier Howard Hughes...
...destiny was as kind to the tycoon as it was cruel to 1,450 Canadian and U. S. travelers who sought last week to get home from thunderous Europe. In the 13,581-ton S. S. Athenia of the Donaldson Atlantic Line (affiliate of Cunard-White Star) they embarked at Glasgow, Belfast and Liverpool for Montreal. At 8:59 p. m. Sunday, about 200 mi. west of the Hebrides, a mortal explosion suddenly rocked and ripped the Athenia's, hull, killed perhaps 100 passengers & crew, started her sinking fast. All hands got safely into lifeboats. One of the first...