INDUSTRY: More Proxy Fights

While the New Haven fight (see above) carried off most of the headlines, other spring proxy wars were bubbling. <J In the fight for control of the New York Central, Robert R. Young got some unexpected help from I.C.C. Chairman J. Monroe ("Steamboat") Johnson. Though the Central management still refuses to let Texas Millionaires Sid Richardson and Clint Murchison vote the 800,000 shares of Central stock they had bought from the Chesapeake & Ohio railroad, Johnson told a congressional committee that there was nothing wrong with the deal. Said he: "Young could have bought [the stock] himself" and voted...

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