RAILROADS: New Hand at the Throttle

When Chicago Lawyer Ben W. Heineman set out to get control of Chicago & North Western Railway a fortnight ago, he told the North Western board of directors that he preferred a peaceful alliance to a proxy war. This week, after ten days of fast-express negotiations, Heineman and North Western agreed on an alliance. Heineman will take over as full-time board chairman and chief executive officer of North Western, give up both his law practice and his connections with Minneapolis & St. Louis Railway, which he took over almost two years ago....

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