Business: TIME CLOCK, Aug. 15, 1955

U.S. RAILROADS will have one of their best years since World War II. First-half earnings for 126 Class I roads are up nearly 80%, totaling $416 million v. $232 million for the same period in 1954. Prime example: the Union Pacific Railroad, whose first-half net of $35.5 million is the highest in history, some 16% higher than the previous record in 1953.

ROBERT R. YOUNG has agreed to a settlement of his legal battle with ten Alleghany Corp. stockholders, who charge that he used $700,000 of Alleghany funds to pay for his successful New York Central proxy fight last year (TIME, June...

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