CANADA: Banker at the Throttle

The Western Hemisphere's biggest railroad* got a new boss last week. To succeed retiring President Robert C. Vaughan, the government-owned Canadian National Railway Co. picked Donald Gordon, 47, deputy governor of the Bank of Canada, whose only direct connection with railroading had been as a passenger.

The top job no longer called merely—or mainly—for a railroad operating man. Canada's most imposing example of government-operated business had become too big for that. Since C.N.R. was formed in 1923 out of the ruins of five separate lines, it has grown into a $2.4 billion empire...

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