Business & Finance: Amster's El

Peering from behind thick-lensed spectacles, Nathan Leonard Amster. a Rumanian-born director of Manhattan Railway Co. ("The El") and head of a stockholders' committee, arrived late at the annual meeting last week. Behind him trouped 30 angry stockholders armed with stacks of proxies. Though a meeting chairman had already been elected, Director Amster promptly accused him of trying to "railroad" the meeting, deposed him and elected Lionel F. Straus, a New York tractioneer and one of his henchmen, to the chair. While election tellers squabbled loudly over the legality of proxies. Insurgent Director Amster...

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