Word: vauclain
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...Manhattan last week, were the victims of a Philadelphia mis- understanding. They, C. R. Bitting and R. F. Shields, had gone to Phil- adelphia early in the week expecting to be made directors of Baldwin Locomotive Works. They conferred with Chairman Thomas S. Gates and President Samuel M. Vauclain of Baldwin Locomotive and presented their credentials, voting stock proxies of the six Fisher Body brothers of Detroit.* They were told that not enough Baldwin Directors were in Philadelphia to make up a quorum. Mr. Bitting and Mr. Shields went to Manhattan to "enjoy the sights." Next day in Philadelphia Baldwin...
...bought only 35,000 common shares. The "misunderstanding" in Philadelphia revealed that the Fisher brothers had taken up more than 100,000 common shares and a smaller block of preferred. This holding clearly entitled them to representaton on the directorate though it did not constitute control. President Vauclain chose to be cryptic about the apparent fight "misunderstanding" and apparent fight for Baldwin control. "I know of no fight," he said. "I couldn't tell you anything about the matter. . . . The only thing in which I am really interested is the sale of locomotives." His friends could well picture...
...Angeles. This train constituted only a part of one order filled that year by the Baldwin works, a new herd of 50 freight movers for the Southern Pacific R.R. Hitching the monsters together and delivering them all in large groups was a publicity stroke conceived by Samuel M. Vauclain who has put on the selling end of his business a head of steam proportionate to the pressures carried by his latest products...
...business with him. Even a prejudiced person cannot talk to him without realizing the enormous vigor and capacity of the man. He is a 'humdinger.' "I had made something of a study of Russia last spring on a trip with my father-in-law, Samuel M. Vauclain, of the Baldwin Locomotive Works, and so Mr. Harriman suggested that my wife and I come along with him for a tour. It was extremely pleasant...
...President Samuel Matthews Vauclain of Baldwin Locomotive Works, 70, but called a "successful old business man," said, drily: "Age makes no difference. If a young man has ability and foresight, he will succeed. So will an old man. Age itself is only an incident...