Word: wabash
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After the annual meeting of the Wabash Railway at Fort Wayne, Ind., last week Chairman William Henry Williams* made a two-sentence statement...
...Annual meeting of the stockholders of the Wabash Railway was held today at Fort Wayne...
...statement obfuscated the fact that the Pennsylvania Railroad did not vote the majority Wabash shares which jt recently bought (with Lehigh Valley stock) from Leonor Fresnel Loree's Delaware & Hudson for $63,000,000 cash. Nor did it refer to Mr. Williams recent resignation from the D. & H.'s vice-presidency and board of managers. Nor did it mention Mr. Stair's other business affiliations...
President William Wallace Atterbury of the Pennsylvania paid Mr. Loree the $63,000.000 and received Mr. Loree's controlling stock of the Wabash and his almost-half interest in the Lehigh Valley. Mr. Loree was satisfied and the four systems finally could organize themselves, parceling out the lesser Eastern railroads somewhat after this order...
...Baltimore & Ohio would take the Reading, the Jersey Central, the Western Maryland, the Wabash, use of the Buffalo, Rochester & Pittsburgh and of the Monon...