Rare was the U. S. railroad that made money in 1938. One such was Chesapeake & Ohio, which last week reported 1938 earnings of $20,192,650 ($34,034,269 in 1937). Ownership of that rich property is well worth fighting for. During the last year a bitter dogfight has raged between the potent Guaranty Trust Co. and a group of tyro financiers headed by Robert R. Young. Chief bone of contention has been Chesapeake Corp., the holding company created by the Van Sweringen brothers to acquire a 51% interest in the C. & 0. Last week, as Wall Street had long anticipated,...
To continue reading:
or
Log-In
