RAILROADS: Young Takes Over

For once, Bob Young had been too cautious in a public statement. He had predicted that he would win the New York Central proxy fight by 700,000 to 1,000,000 votes. His actual margin: 1,067,-ooo, or 267,000 more than the disputed 800,000 shares voted in his favor by Texas Oilmen Clint Murchison and Sid Richardson. Central President William White, conducting his last stockholders' meeting in a hot, sticky office at the Albany railroad station, with blinds drawn for an air-raid drill, sadly made the official announcement that Young had bombed him out of...

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