Last week Leonor Fresnel Loree was 70 years old and last week he sold his threat of a fifth Eastern railroad system for $63,000,000 and the assurance that his Delaware & Hudson would not be obliterated by the New York Central, the Pennsylvania, the Baltimore & Ohio or the Van Sweringen group.
President William Wallace Atterbury of the Pennsylvania paid Mr. Loree the $63,000.000 and received Mr. Loree's controlling stock of the Wabash and his almost-half interest in the Lehigh Valley. Mr. Loree was satisfied and the four systems finally could organize themselves, parceling out the lesser Eastern railroads somewhat after this...
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