RAILROADS: Highballing the G. M. & O.

If infinitely patient Isaac Burton Tigrett, 65, can get control of the bankrupt midwest Alton Railroad Co., as he was all set to do last week, he will have reached a goal he set for himself 34 years ago. Rail roader Tigrett's goal: to tie together a rail system reaching from the Gulf to the Great Lakes.

By the standards set during the Harriman-Hill-Gould era, 34 years represents a long time to create a railroad empire. But Ike Tigrett was never in any great hurry.

He immensely enjoyed taking over bits & pieces of...