INVESTMENT: A Lot of Fertilizer

Of all the big deals between U.S. businessmen, few have proved more complex or mysterious than the $20 million New York Central stock deal that Texas Millionaires Clint Murchison and Sid Richardson made with Robert R. Young last year. With the help of a $7,500,000 loan from Young's Alleghany Corp., the two Texas wheeler-dealers bought 800,000 shares of Central stock, then voted them to help Young win his proxy fight to take over the railroad (TIME, June 21, 1954). Last week, in a New York Supreme Court hearing brought by disgruntled Alleghany .stockholders on a charge that the company's...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!