TYCOONS: Two-Man Parlay

Texas Millionaires Clint Murchison and Sid Richardson, who parlayed their way from the oil business into the New York Central (see above), last week placed a bet at a different window. For some $1,200,000 they bought a 40% interest in California's Del Mar Race Track, and, said they, had "control." This time their goal was not profit, but charity.

The race-track purchase is the first step toward building up a pet Murchison project known as Boys, Inc. The organization would fight delinquency by constructing community recreation centers for boys throughout the nation....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!