On the issue of the small percentage of CBQ shares not held by the major
carrier-owners (NP and GN), would these have been shares held by Burlington
management to be used as "director's qualifying shares"? I know that in the ICC
docket where the GN-NP and CBQ merged, the lawyers were always talking about
shares dedicated for directors seats, or "directors qualifying shares" These
securities were always moved around as people came and went on the railroad
boards, no?
Michael Johns
--- On Mon, 4/11/11, BRAD <bradslaney@viawestdu.net> wrote:
From: BRAD <bradslaney@viawestdu.net>
Subject: Re: [CBQ] Who owned Q stock?
To: CBQ@yahoogroups.com
Date: Monday, April 11, 2011, 1:47 PM
The remaining CB&Q stock, not held by the GN and NP, was roughly divided into
thirds.
One third: First National Bank of Chicago
Second Third: West Publishing
Remaining Third: In public hands, mostly in small amounts.
If you wanted to buy a few shares of CB&Q stock, it was not difficult if you
knew where to look. The Chicago area stockbrokers could usually accomodate you
within a week aince they made a small market in the few shares available for
public holding.
This information came from two sources. My time in the Burlington Accounting
Dept and Bob Downing.
BRAD
----- Original Message -----
From: Randal O'Toole
To: CBQ@yahoogroups.com
Sent: Monday, April 11, 2011 7:50 AM
Subject: [CBQ] Who owned Q stock?
Hi,
Everyone knows that after 1901 the GN and NP each owned about half of
the CB&Q. However, they didn't own 50 percent each; they owned 48.4
percent each.
I've always wondered who owned the other 3.2 percent and why they
refused to sell at the generous terms offered ($200 a share for stock
that had been selling for $140 a share). Recently, I acquired a list
of assets owned by James J. Hill at his death in 1916. It included
5,177 shares of CB&Q stock.
How many shares were outstanding at the time? What percentage of the
total is 5,177? Why did Hill keep 5,177 shares in his own portfolio
instead of selling them to the GN and NP?
I hope someone on this list can satisfy my curiosity about these questions.
Best,
Randal
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