REAL ESTATE: Empire Buyer

Ever since Chicago's Colonel Henry Crown joined a syndicate to buy control of the Empire State Building from the John J. Raskob estate (TIME, Jan. 7, 1952), he has, in his own words, "sort of crawled up" the world's tallest structure. At the start he had a 25% stock interest. Then one evening he had a talk in his suite atop Manhattan's Waldorf-Astoria with Railroader Robert R. Young, who had 19%.

Said Young: "Henry, you've got 25 and I've got 19. Doesn't it make sense for one of us to have 44?" Crown...

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