In the offices of Drexel & Co., Philadelphia associates of J. P. Morgan & Co., there is an upstairs room on the walls of which are large maps. When Drexel-Partner Thomas Newhall is talking about Philadelphia & Reading Coal & Iron Corp. (he is chairman of the executive committee, also a director), he is very likely to take his listener to this room, punctuate sentences with references to the maps.
Philadelphia & Reading Coal & Iron Corp., known to stockmarket traders as PRC, is a holding company formed in 1923, marking the complete segregation...
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