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Michigan-Peninsular Car Company
The Michigan-Peninsular Car Company was a railroad rolling stock manufacturing company formed from the merger of five manufacturing companies in 1892. It was Detroit's largest manufacturer before the rise of the automotive industry. In 1899, it merged with a dozen other railroad car manufacturing firms to form American Car and Foundry Company (ACF). History Michigan-Peninsular Car Company was formed from the merger of Michigan Car Company, Peninsular Car Company, Detroit Car Wheel Company, Michigan Forge and Iron Company and Detroit Pipe and Foundry Company, with Russell A. Alger appointed as the first president of the consolidated company. The combined company could build over 100 new freight cars per day. It was financed and controlled by a syndicate led by James A. McMillan. The Panic of 1893 directly affected Michigan-Peninsular as orders for new cars evaporated, the plant was completely closed for five months. The next three years and the further financial difficulti ...
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Detroit, Michigan
Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at the 2020 census, making it the 27th-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area, and the 14th-largest in the United States. Regarded as a major cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. ''Time'' named Detroit as one of the fifty World's Greatest Places of 2022 to explore. Detroit is a major port on the Detroit River, one of the four major straits that connect the Great Lakes system to the Saint Lawrence Seaway. The City of Detroit anchors the second-largest regional econo ...
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James McMillan (politician)
James McMillan (May 12, 1838 – August 10, 1902) was a businessman and a Republican U.S. Senator from Michigan, as well as the chair of the McMillan Commission. Biography McMillan was born in Hamilton, Ontario, Canada, to William and Grace McMillan, both Scottish natives. He attended Hamilton public schools before moving to Detroit, Michigan, in 1855 to embark on a career in business. McMillan's first position was as a clerk for Buhl, Ducharme & Co., a wholesale hardware firm. At the age of 20, he left to become the purchasing agent for the Detroit & Milwaukee Railway. In 1863, he helped, along with John Stoughton Newberry, to organize the Michigan Car Company for the manufacture of freight cars. This business grew very rapidly, and in ten years it was one of the largest in the United States. Its success led to the formation of the Detroit Car Wheel Co., the Baugh Steam Forge Co., the Detroit Iron Furnace Co., and the Vulcan Furnace Co. He was also a major shareholder in the ...
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Vehicle Manufacturing Companies Disestablished In 1899
A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), watercraft (ships, boats, underwater vehicles), amphibious vehicles (screw-propelled vehicles, hovercraft), aircraft (airplanes, helicopters, aerostats) and spacecraft.Halsey, William D. (Editorial Director): ''MacMillan Contemporary Dictionary'', page 1106. MacMillan Publishing, 1979. Land vehicles are classified broadly by what is used to apply steering and drive forces against the ground: wheeled, tracked, railed or skied. ISO 3833-1977 is the standard, also internationally used in legislation, for road vehicles types, terms and definitions. History * The oldest boats found by archaeological excavation are logboats, with the oldest logboat found, the Pesse canoe found in a bog in the Netherlands, being carbon dated to 8040 - ...
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Vehicle Manufacturing Companies Established In 1892
A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), watercraft (ships, boats, underwater vehicles), amphibious vehicles (screw-propelled vehicles, hovercraft), aircraft (airplanes, helicopters, aerostats) and spacecraft.Halsey, William D. (Editorial Director): ''MacMillan Contemporary Dictionary'', page 1106. MacMillan Publishing, 1979. Land vehicles are classified broadly by what is used to apply steering and drive forces against the ground: wheeled, tracked, railed or skied. ISO 3833-1977 is the standard, also internationally used in legislation, for road vehicles types, terms and definitions. History * The oldest boats found by archaeological excavation are logboats, with the oldest logboat found, the Pesse canoe found in a bog in the Netherlands, being carbon dated to 8040 - 751 ...
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Defunct Manufacturing Companies Based In Detroit
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Defunct Rolling Stock Manufacturers Of The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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List Of Rolling Stock Manufacturers
Throughout railroad history, many manufacturing companies have come and gone. This is a list of companies that manufactured railroad cars and other rolling stock. Most of these companies built both passenger and freight equipment and no distinction is made between the two for the purposes of this list. Note that this list includes names of works owned by railroads for manufacturing their own rolling stock. __NOTOC__ Argentina * Astarsa * COMETARSA * Emepa Group * Emprendimientos Ferroviarios * Fabricaciones Militares * Fábrica Argentina de Locomotoras * Fábrica Argentina de Vagones y Silos * Materfer * SABB S.A. * TecnoTren * PINAT EDO srl Australia * Alstom, Australia * Bombardier Transportation, Australia * Downer Rail * UGL Rail * Bradken * Commonwealth Engineering, Australia Azerbaijan * Baku Carriage Repair Factory * Baku Metro * STP-Wagon-Building Factory Belgium * BN Bombardier Brugge Brazil * Andrade Gutierrez * MAFERSA * COBRASMA Bulgaria * VRZ Karlovo ...
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Bogie
A bogie ( ) (in some senses called a truck in North American English) is a chassis or framework that carries a wheelset, attached to a vehicle—a modular subassembly of wheels and axles. Bogies take various forms in various modes of transport. A bogie may remain normally attached (as on many railroad cars and semi-trailers) or be quickly detachable (as the dolly in a road train or in railway bogie exchange); it may contain a suspension within it (as most rail and trucking bogies do), or be solid and in turn be suspended (as most bogies of tracked vehicles are); it may be mounted on a swivel, as traditionally on a railway carriage or locomotive, additionally jointed and sprung (as in the landing gear of an airliner), or held in place by other means (centreless bogies). In Scotland, the term is used for a child’s (usually home-made) wooden cart. While ''bogie'' is the preferred spelling and first-listed variant in various dictionaries, bogey and bogy are also used. Rai ...
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Controlling Interest
A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the majority of the voting shares, other present circumstances can be considered to determine whether that party is still considered to hold a controlling ownership interest. In the United States, Delaware corporations have a 2/3 vote requirement for a motion to pass. In theory, this could mean that a controlling interest would have to be over two-thirds of the voting shares. A 2019 study published in the Virginia Law Review said dual-class stock structures, common to newly public technology companies, creates governance risks and costs, including the potential loss of economic value for non-voting shares held by public investors. See also * Consolidation (business) * Holding company * Minority interest In accounting, minority interest (or non ...
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Charles L
Charles is a masculine given name predominantly found in English language, English and French language, French speaking countries. It is from the French form ''Charles'' of the Proto-Germanic, Proto-Germanic name (in runic alphabet) or ''*karilaz'' (in Latin alphabet), whose meaning was "free man". The Old English descendant of this word was ''Churl, Ċearl'' or ''Ċeorl'', as the name of King Cearl of Mercia, that disappeared after the Norman conquest of England. The name was notably borne by Charlemagne (Charles the Great), and was at the time Latinisation of names, Latinized as ''Karolus'' (as in ''Vita Karoli Magni''), later also as ''Carolus (other), Carolus''. Some Germanic languages, for example Dutch language, Dutch and German language, German, have retained the word in two separate senses. In the particular case of Dutch, ''Karel'' refers to the given name, whereas the noun ''kerel'' means "a bloke, fellow, man". Etymology The name's etymology is a Common ...
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Frank J
Frank or Franks may refer to: People * Frank (given name) * Frank (surname) * Franks (surname) * Franks, a medieval Germanic people * Frank, a term in the Muslim world for all western Europeans, particularly during the Crusades - see Farang Currency * Liechtenstein franc or frank, the currency of Liechtenstein since 1920 * Swiss franc or frank, the currency of Switzerland since 1850 * Westphalian frank, currency of the Kingdom of Westphalia between 1808 and 1813 * The currencies of the German-speaking cantons of Switzerland (1803–1814): ** Appenzell frank ** Argovia frank ** Basel frank ** Berne frank ** Fribourg frank ** Glarus frank ** Graubünden frank ** Luzern frank ** Schaffhausen frank ** Schwyz frank ** Solothurn frank ** St. Gallen frank ** Thurgau frank ** Unterwalden frank ** Uri frank ** Zürich frank Places * Frank, Alberta, Canada, an urban community, formerly a village * Franks, Illinois, United States, an unincorporated community * Franks, Missouri, United ...
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Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ...
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