Business & Finance: Erie Buys & Pays

John Joseph Bernet, son of Swiss immigrant, is 61; has iron-grey hair, tousled; looks something like the hardheaded, two-fisted old-school railroader. As president of the Erie Railroad he last week ordered 20 engines from the Lima Locomotive works, 15 from Baldwin Locomotive works. This was remarkable, not because a railroad needs engines, but because nobody doubted that the Erie could afford them. Indeed, the Erie could afford to have them monogramed in gold. For, now at last, the Erie is making money and John Joseph Bernet has proved himself one of the greatest...

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