Business & Finance: The Railroad Week

Rail news of the week:

¶ A new group took control of Chicago Great Western.* Leaders are Patrick H. Joyce, onetime President of Standard Steel Car Co., and John W. O'Leary, President of National Bank of the Republic. At the annual stockholders' meeting the group elected Mr. Joyce chairman of the executive committee and Bernard E. Sunny, of General Electric, board chairman. New by-laws were passed giving President V. V. Boatner entire control of operation and Mr. Joyce and the Executive Committee control of finance. As railmaster...