RAILROADS: The New Haven Decides

In a gloomy New Haven office last week, Boston's Frederic C. Dumaine Jr. and Wall Streeter Patrick B. McGinnis met for the decision in their fight for control of the New York, New Haven & Hartford Railroad. They were there, along with 200 New Haven stockholders, for the railroad's annual meeting which would decide who would walk out as boss of the $500 million line.

23,200 & Out. While tellers counted proxies representing 96% of the New Haven's stock, President Dumaine and Challenger McGinnis waited nervously, trying to go through the motions of holding a normal stockholders' meeting. At one...

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