East Peoria has survived severe blows before, the worst being the closing of a Caterpillar tractor plant that had been the cornerstone of the economy.
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In April and May 1925, the financially stronger C . L . Best merged with the market leader Holt Caterpillar to form the Caterpillar Tractor Co.
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Following fierce competition from the Fordson company, C . L . Best merged with the Holt Manufacturing Company in 1925 to form the Caterpillar Tractor Company.
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Among his most recent verdicts is a $ 56.2 million verdict against Caterpillar, Inc . on behalf of a crippled driver of a Caterpillar Tractor Scraper.
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And, authorities say he is a big crook _ indicted on charges of stealing millions of dollars worth of Caterpillar tractors and other monster-size earth-moving equipment.
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He served on the board of directors of Stanford University and of several corporations, including Boeing Co ., Caterpillar Tractor, Chevron Corp . and Genentech Inc.
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Profit projections from land broker Greg Vogel convinced Caterpillar Tractor Co . and developer DMB Associates on the potential value of the old proving-ground land outside Buckeye.
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Winning bids for toys made by Vindex included $ 11, 000 for a 1929 Bates Mule Caterpillar tractor and $ 5, 500 for a John Deere combine.
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They were saved when a Caterpillar tractor plowed a swath, and then everybody jumped under the tractor, and a moment later, the fire roared over the top.
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But staff officials at the bank, which is best known for financing huge export sales of Boeing aircraft or Caterpillar tractors, were highly skeptical, government officials said.
