Business: Great Shoes Shuffled

When the late Edward Henry Harriman died, burned out by work, he left the great problem of how to manage his Union Pacific and its big subsidiary, the Southern Pacific. He was succeeded as chairman of Union Pacific's executive committee by his attorney, the late Judge Robert Scott Lovett, who soon devised a plan of regional management for sprawling Southern Pacific. In 1913 Union Pacific was forced to sell its stock control in Southern Pacific, but S. P. maintained the regional plan. Last week these two great shoes of the late great Harriman were...

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