RAILROADS: New Crew

In the close-to-the-vest fight for control of New England's biggest railroad, Boston's shrewd, old (82) Frederic C. Dumaine held an impressive hand. Dumaine interests had claimed that they had picked up enough New York, New Haven & Hartford stock to elect eleven of the 16 directors (TIME, May 17). Last week, with a stockholders' showdown meeting still a month off, the opposition folded up. Howard S. Palmer, who, Boston charged, was too close to New York interests, resigned after 14 years as New Haven's president. To make New England's victory over New...

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