Railroader Robert R. Young is a patient man. For years, from the driver's seat of his medium-sized (4,301 miles of track) Chesapeake & Ohio Railway, he has tried to get control of the big (10,714 miles) New York Central. Young started to move in on the Central when his C. & O. bought 400,000 shares of Central stock in 1947, thus becoming its biggest stockholder. But the Interstate Commerce Commission stopped him, when it refused to allow a C. & O. voice on the board of the competing railroad.
Last week Young tried a new maneuver: he announced that he had sold...
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