¶ William White, 57, who was ousted as president of the New York Central by Financier Robert R. Young, in the hottest railroad battle of the year, was elected president of the Delaware & Hudson Railroad Corp. (793 miles of track stretching from Wilkes-Barre to Montreal), to succeed Joseph H. Nuelle, who voluntarily moved up to board chairman. White was also made president of the road's parent firm, the Delaware & Hudson Co., which controls the Hudson Coal Co., a leading anthracite producer. His new salary: about $90,000 a year, v. $120,000 at the Central. In the 1940s, when White...
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