Word: sweringens
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...hawk last week perched on the balcony outside the Van Sweringen brothers' private suite on the 34th floor of their high Cleveland Terminal Tower Building. The hawk twisted his head and coldly looked far down at the pigeons strutting, the sparrows hopping on Cleveland's Public Square. They pecked away at crumbs, peanuts, popcorn. The hawk turned his head away. He darted it down at what one of his claws held, a strange bird killed at the tower while migrating southward for winter...
Railroads. The Van Sweringen brothers gained control of the Buffalo, Rochester & Pittsburgh Railway, on which Leonor Fresnel Loree (trying to make a fifth eastern railroad system) for a time had an option...
...joint for him to connect his Delaware & Hudson, the Wabash (which he controlled) and the Lehigh Valley (which he thought he controlled). It was a pretty railroad layout and promised to compete with the New York Central, the Pennsylvania and the Baltimore & Ohio established systems, and with the Van Sweringen brothers' pattern of the fourth system...
Meanwhile, and all summer long, the Van Sweringen brothers ? Oris Paxton, 49, and Mantis James, 47?sat high in their 54-story steel & limestone railroad tower domineering over Cleveland. Their apart- ment there in the air is charming.+ Charming, too, are they as individuals?courteous, manly, straightforward. Babbitt Clevelanders state that they are not jovial, that they are aloof. They play (chiefly at golf) more for physical and mental exercise than for sport. As railroad financiers they are great tacticians, but not yet great strategists. They gained control of the Nickel Plate, the Chesapeake & Ohio, the Hocking Valley...
...worth of common and preferred stock outstanding. A. Iselin & Co. and Roosevelt & Son, investment bankers, owned two-thirds of the stock. The par of both kinds (preferred and common) is $100. On the stock markets early last week the shares were considered worth only $80 each. The Van Sweringens offered the Iselin-Roosevelt group the full $100, and gained the purchase. B. R. & P. shares are not worth $100. But so great is general confidence in Van Sweringen financing that stock buyers at once offered $98 a share for what minority stock might reach the market...