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The Pickands Mather Group is an American company which provides shipping of coal and other bulk commodities, and the purchase, sale, and marketing of bulk coal. Founded in 1883 as Pickands Mather & Company, it once had the second largest shipping fleet on the Great Lakes in the 1910s and 1920s. The company was purchased by the Diamond Shamrock Corporation in 1968, which in turn sold it to the Moore-McCormack Resources in 1973. Moore-McCormack sold Pickands Mather's mining interests to Cleveland-Cliffs in 1986. Moore-McCormack then spun off the Interlake Steamship Company to James Barker and Paul R. Tregurtha in 1987. Pickands Mather was sold to a management group in 1992, and continues to operate as a private company.
References
- ↑ "M. M. & M." Time magazine . January 24, 1938. Retrieved 2008-12-19.
The Brady fable got its pith from Charles A. Moore, founder of Manning, Maxwell & Moore, who took Brady on as a cub salesman in 1879 when the company was only a jobber for railroad supplies, sent Diamond Jim out on the road with instructions to spend all the money necessary to make customers like him. Diamond Jim stuck to this tenet through the panic of the middle nineties with such success that spending money to make money has been the Manning, Maxwell & Moore system to lick depressions ever since.
- ↑ The New York Times.com: "Dresser acquires Manning, Maxwell and Moore", 27 November 1964.