William N. Deramus Jr.
William Neal Deramus Jr. (March 25, 1888 – December 2, 1965) was an American railroad executive. He served as the longest running president (20 years) of the Kansas City Southern Railway (KCS) from 1941 to 1961. Deramus led the Kansas City Southern Railway through the Great Depression by encouraging industry to locate on the Gulf Coast in Louisiana and Texas. He helped the railway avoid bankruptcy in the 1930s and refinanced $67 million in bonded debt that fell due in the late 1940s.
Deramus' formal education ended with 8th grade. Before he was 14, he eagerly agreed to tend the switch lamps, and keep the station in order for $4 a month — plus an opportunity to become proficient in weaving those mysterious clicks into words so powerful they moved the trains for the Louisville and Nashville Railroad (L&N).
Within a year, Deramus began pounding a key as relief operator. He learned his profession, and the detail of railroading, fast and moved on to better positions. From the L&N he went to the Atlantic Coast Line Railroad (ACL), then to the Southern Railway (SOU), where, at 20, he was a dispatcher at Memphis, Tennessee.
His chief at Memphis resigned to accept a job with the Kansas City Southern Railway at Pittsburg, Kansas. Pleased with the prospects there, the chief wrote his protégé of the opportunities with the new road — and opportunities were all Deramus needed.
On November 9, 1909, the name of W. N. Deramus first appeared on a KCS payroll. From telegraph operator he advanced to dispatcher, then chief dispatcher. Next, he was superintendent of car service, then superintendent of the Southern Division. He was elected general manager, then vice-president and general manager, executive vice-president, and then to president of the railway in 1941. In 1945 he was elected president and chairman of the board.
He spent almost half his time out on the railway. It is said that he knew the 1,647 miles of track between Kansas City and the Gulf of Mexico so well he could tell where he was by the sound of the wheels on the rails. Under the impetus he provided the Kansas City Southern, its net income was twice the industry average.
Deramus was a major figure in Kansas City's civic life. In 1957, the Deramus family donated the Deramus Field Station to MRIGlobal to support the organization's growing contract research business.[1]
References
- "History brochure" (PDF). MRIGlobal. Retrieved 24 February 2016.
| Preceded by C. P. Couch |
President of Kansas City Southern Railway 1941 – 1961 |
Succeeded by William N. Deramus III |