Business: Pittsburgh to Deep Water

From one rich U. S. family to another last week passed working control of the Virginian Railway, the 600-mi. model coal road built by the late Standard Oilman Henry Huttleston Rogers in the days of Roosevelt I (TIME, Dec. 16, 1935). In Manhattan, Adrian Hoffman Larkin, Virginian Board Chairman and trustee of the Rogers estate, laconically announced that 75% of the Virginian's common stock had been sold to interests identified with Andrew William Mellon. The consideration, said Mr. Larkin, was in excess of $31,000,000. Actual purchaser was a group headed by Koppers Co.,...

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