CARRIERS: R. R. Surgery

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.

But the promise of MOP as a money-maker was as hollow as 1930's promise of a chicken in every pot. Three years later MOP was in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!