Word: nickel
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Dates: during 1920-1929
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...running from Toledo to Wheeling, W. Va., the other from Cleveland to Zanesville, Ohio, the two crossing at Brewster, Ohio. The Van Sweringens, who consider the Wheeling & Lake Erie a desirable unit in their proposed Fourth Trunk Line, have acquired control of the road through stock held by the Nickel Plate and Alleghany Corp.* But Frank Taplin, largest single stockholder and leader of a powerful minority group of Wheeling & Lake Erie stockholders opposed to Van Sweringen denomination, has also a Trunk Line plan. Less ambitious than the Van Sweringens, the Taplins plan what is primarily a fast freight line between...
...head of Tammany Hall (TIME, May 6). Only one issue has really stirred the sluggish depths of New York's electorate-the price it must pay for a subway ride. Mayor Walker won that issue when the U. S. Supreme Court rejected a 7? fare plea, upheld the nickel (TiME, April 15). He has the support of the Hearst papers (American, Evening Journal). Criticism of him as a flibberty "do-nothing" by other, more respected Manhattan journals carries small political weight. The arch-Democratic New York World expressed a preference for Mayor Walker over "some wholly mediocre Republican candidate...
...stage "properties" - the Wabash and the Lehigh Valley roads - are prominent in the present rail-merger performance. Headliners of this program are the Two Van Sweringens, Oris Paxton and Mantis James. To the Interstate Commerce Commis sion came last week a somewhat peculiar request. Briefly, the petitioner - Nickel Plate R. R. - asked permission to acquire stock control of the Wheeling & Lake Erie road. Oddity of the request lay in the fact that last month the I. C. C. ordered the Nickel Plate to dispose of all its holdings in Wheeling & Lake Erie. This order has not been rescinded...
...Nickel Plate argument runs somewhat as follows: The I. C. C. order told Nickel Plate, New York Central and Baltimore & Ohio to dispose of their Wheeling stock. The New York Central and the B. & O. anticipated this order by transferring their stock to Allegheny Corp., Van Sweringen holding company. Objection might be taken to joint control of the Wheeling by three roads, but its control by one road is quite another matter...
...Mayor James John Walker the decision brought political joy because he had championed the nickel fare. To Lawyer Charles Evans Hughes it brought legal melancholy because he had drawn up the I. R. T. brief. On Wall Street, I. R. T. stocks dropped 20 points in about the time that it takes a subway train to rush from Manhattan to Brooklyn...