Word: c
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1960
Sort By: most recent first
(reverse)
...when Prohibition gripped the U.S., Jenkins plunged into the sugar and alcohol business. Sometimes he bought in his own name, other times in cooperation with such men as Maximino Avila Camacho, the brother of onetime (1940-46) President Manuel Avila Camacho. When the great expropriator, President Lázaro Cárdenas, began casting covetous eyes at some of Jenkins' sugar land in the late 1930s, Jenkins shrewdly gave the land to Cÿrdenas as a gift. Later Jenkins told a friend, "I came out on top. I still get my sugar from the same land because...
...Archbishop Luis Concha Córdoba, 69, of Bogotá, Colombia, was born to a powerful and cultured family (his father was President of Colombia from 1914 to 1918). A shy, modest man, Archbishop Concha Córdoba is recognized to be an able administrator with a forward-looking viewpoint that makes him trusted by the Liberals-Colombia's majority political party, which favors separation of church and state...
After a bitter six-month struggle for control of the Baltimore & Ohio Railroad, the Chesapeake & Ohio last week won out over the New York Central. The C. & O. obtained tenders from B. & O. stockholders for 55% of the road's stock, enough to ensure control. The victory was a personal triumph for the C. & O.'s fast-moving President Walter J. Tuohy, who personally canvassed hundreds of B. & O. stockholders for support, twice flew to Switzerland to argue his case with Swiss bankers whose depositors held 20% of B. & O. stock (they backed him). The Central, which...
Next step for the C. & O. will be to ask the Interstate Commerce Commission to permit the exchange of stock to give C. & O. control of the B. & O. Tuohy insists on control as a first step toward merger, since he wants to make some changes in the financial structure of the debt-ridden B. & O., notably alter a clause requiring that a $23 million bond issue be paid up if the B. & O. merges. After that, he intends to push for complete merger of the C. & O. and B. & O., which would create a vast railroad net rivaled only...
...prosperous C. & O., which earned $37,994,000 in the first eleven months of 1960 and has paid a dividend for all years except two since 1899, intends to pump money into the B. & O. system for a badly needed modernization program, will repair or replace the B. & O.'s worn freight cars. All told, Tuohy expects the merger ultimately to save the two lines $46 million a year...