Business: Mr. X Goes to Town

To Muncie, Ind. last week went the Wall Street Journal's able young Cincinnati correspondent, Harlan V. Hadley, to see if he could put at rest some rumors which had been agitating Wall Street for the past fortnight. It was not the first Muncie assignment for Newshawk Hadley. After Muncie's George Alexander Ball was unexpectedly boosted into the driver's seat of Midamerica Corp. last November following the death of Oris Paxton Van Sweringen (TIME, Nov. 30), he interviewed the aging fruit-jar maker about his plans for that corporate key to the $3,000,000,000 rail...