After a bitter six-month struggle for control of the Baltimore & Ohio Railroad, the Chesapeake & Ohio last week won out over the New York Central. The C. & O. obtained tenders from B. & O. stockholders for 55% of the road's stock, enough to ensure control. The victory was a personal triumph for the C. & O.'s fast-moving President Walter J. Tuohy, who personally canvassed hundreds of B. & O. stockholders for support, twice flew to Switzerland to argue his case with Swiss bankers whose depositors held 20% of B. & O. stock (they backed him). The Central,...
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