Word: sweringens
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Young was after power as well as money. While building his personal fortune, he began a battle to win control of Alleghany Corp., the rundown holding company of railroads and real estate put together by Cleveland's famed Van Sweringen brothers. After bitter battles with Wall Street bankers, the Interstate Commerce Commission and some of Alleghany's chief stockholders (Young became known as "the most litigious man in Wall Street"). Young bought heavily into Alleghany in 1937 with $1,000,000 of his own money and $3,000,000 put up by an associate, Allan Kirby...
Died. George A. Ball, 92, financier, philanthropist, last of five brothers, who built one of the great U.S. fortunes on the Mason jar and the purchase in 1935 of controlling stock in the Van Sweringen railroad empire (23,000 miles, including the Chesapeake & Ohio and Missouri Pacific) for "about the price of two first-class locomotives," which he sold for $6,375,000 in 1937 to a group headed by the New York Central's Robert Young; in Muncie...
...them for resale. Sonnabend has won control (chairman of the board) of Botany Mills, is president of the Childs restaurant chain, now runs a string of seven hotels, including Manhattan's Plaza and Ritz Tower. In 1950 Sonnabend and his associates bought Cleveland's $100 million Van Sweringen property for a total of $35 million, of which they had to put up only...
...buyers plan to hold the Terminal buildings, which were built in the '20s by the empire-building Van Sweringen brothers for $100 million, as a long-term investment. Some day, they may construct the three additional buildings which were in the original plan. This time Bob Young left no loopholes; he collected part of the purchase money last week, set a deadline of 30 days for the rest...
...with a net income (before taxes) of about $2,250,000 a year. For Bob Young, who needed the cash badly for his money-losing Eagle Lion movie company, the transaction was an even better deal. The Terminal buildings were only a small part of the vast Van Sweringen empire. Young had bought the whole empire for only...