Word: sweringens
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Dates: during 1940-1940
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...fell in with bad company-flamboyant Jim Fisk, piratical Jay Gould, pious Daniel Drew. Together they manipulated her back and forth from bonanza to bankruptcy, got her known as the "Scarlet Lady of Wall Street." Exhausted, the Erie had collapsed three times by 1895. Then she reformed. Under Van Sweringen control, she became a respectably operated road. But her capital structure never really recovered from Jay Gould's attentions, and she never again paid a dividend on the common. In 1938 Erie chugged into receivership (whither eleven Class I roads had preceded her) for the fourth time...
When portly O. P. Van Sweringen finally bought control of Missouri Pacific R. R. for his top-heavy Alleghany Corp. in 1930 he was tickled pink. The word that more than 50% of MOP stock was his reached him in the office of J. P. Morgan & Co. Beaming all over, O. P. dashed out of the place and around the corner to Kuhn, Loeb & Co. to tell MOP's bankers he was the new boss...