Robert R. Young and the New York Central's President William White both went courting last week. Objects of their affections: more than 40,000 small stockholders in the Central, whose votes on May 26 will decide control of the second largest (in total revenues) U.S. railroad system.
In a letter accompanying his proxy request Young said: "Central's stock during the last 25 years has declined marketwise 33 percentage points more than the [Moody] averages . . . This sorry state of New York Central affairs ... is basically due to the fact that its present board together owned, according to last...
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