Business: Loree Out

Railroad presidents who sigh when they think of the magnificent open-field technique of Vanderbilt, Harriman, Gould and Hill, sighed again last week when Leonor Fresnel Loree, on the point of turning 80. resigned as president of Delaware & Hudson Co. Mr. Loree has a beard and a ferocious scowl. But despite his age and looks, he was always only on the fringes of the swashbuckling, end-of-the-century railroad men who ran railroads, the stock-market and a few States. He was a Harriman man, less of a giant than a tall man with aspirations.

Once he...

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