Word: sweringens
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Dates: during 1940-1949
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...Alleghany. Popular champion that he was, Bob Young also had his hands on a greater potential monopoly than any other railroader. He got his hands on it when he bought control of Alleghany Corp. in 1937. This fantastic financial Humpty Dumpty, put together by Cleveland's famed Van Sweringen brothers, O.P. and M.J., was one of the worst examples of giddy railroad financing of the '20s. After it crashed in 1932, no one thought it could ever be put together again...
...lake shipping tycoons. In its formative era men of such wealth had largely held the reins of power over Cleveland's development. In more recent years, up to depression, the town had been greatly shaped to the mould of the late Oris P. and Mantis J. Van Sweringen, whose Terminal Tower remains to dominate Cleveland's skyline...
Thus in 1937 wrote Robert Ralph Young, a financial wizard given to homespun free verse. He had worked hard gathering unto himself the mammoth railroad empire created by Cleveland's famed, buccaneering Van Sweringen brothers, and it seemed about to slip from his hands...
Last week Robert Young was no longer despondent. In the intervening years of recession and war he had copper-riveted his hold on the old Van Sweringen empire -with the help of $3 million from an old friend and Woolworth heir, shy, tweedy Allan Price Kirby. Now he was ready to consolidate the empire, to make it the base from which he hoped to realize an old Van Sweringen dream-a single transcontinental railroad...
Died. George Ashley Tomlinson, 76, burly Great Lakes shipping tycoon, short-time president of the Van Sweringen rail empire's top holding company, onetime Wild West show performer; of a paralytic stroke; in Pasadena. When the Van Sweringens faced loss of control of their $3,000,000,000 rail and real-estate properties in 1935, Tomlinson and Glassmaker George A. Ball made them needed loans, and Tomlinson became president and chairman of the Van Sweringen holding company, Allegheny Corp., in 1938. He resigned the next year, but retained the chairmanship of the Pere Marquette...