WALL STREET: Medina v. Young

-As the first Government witness in the year-long antitrust suit against 17 investment banking houses (TIME, Dec. 11, 1950), Railroad Magnate Robert R. Young was in a saucy mood. Taking the stand to argue that competitive bidding on railroad bonds should be compulsory, Young last week fixed a cross-examining defense counsel with a stare. Said Young icily: "You are one of the few men here who is wiser than I am." Federal Judge Harold R. Medina cuffed him right back. Young's campaign to get competitive bidding on the Cincinnati Union Terminal Association in 1939, said Medina, had been "absolutely...