RAILROADS: 0.00006% Isn't Enough

Rail Juggler Robert R. Young, whose fond, bright dream was to control the New York Central, got a rude awakening last week. In a ruling as abrupt as the jangling of a fire bell, the Interstate Commerce Commission flatly refused to let Young and Chesapeake & Ohio President Robert J. Bowman 1) sit on Central's board, or 2) vote C. & O.'s 400,000 shares in Central which would give Young working control.

In reviewing the reams of testimony on Young's year-old plea, ICC found all sorts of reasons for saying no. For one thing, any closer alliance between the C....

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