Business: Age of Innocence

Observed in proper legal form in Baltimore last week were stockholders' meetings in two spinal column holding companies of the erstwhile $3,000,000,000 Van Sweringen rail and real-estate empire, Alleghany Corp. and Chesapeake Corp. Proxies prosaically were cast to elect as directors the new controlling interests in Alleghany Corp. At the same time in Manhattan, Stockbrokers Robert Ralph Young and Frank Frederick Kolbe were sitting down with George A. Ball to complete the transaction by which the 74-year-old Muncie, Ind. fruit-jar manufacturer stepped down as the dominant figure in the Van Sweringen picture...

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