Business: The Chessie's Merger Master

WALTER JOSEPH TUOHY

THE Chessie kitten, the sleepy mascot that has long graced the Chesapeake & Ohio Railway's letterheads and napkins, last week was sporting a Cheshire-cat grin. In one of the biggest, bitterest railroad stock duels in history, the Chessie bested the New York Central for control of the Baltimore & Ohio. The president of the C. & O., sharp-faced, birdlike (5 ft. 6 in., 125 lbs.) Walter Tuohy, 59, announced last week that 61% of the 3,100,000 shares of B. & O. stock are now in the Chessie's paws. For Tuohy, a railroadman with the farsightedness of the falcon...

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!