Magazine content is available exclusively for TIME subscribers.RAILROADS: The Central Says No
One of the mysteries surrounding the fight for the New York Central Railroad is: Who owns the 800,000 shares of Central stock supposedly sold by the Chesapeake & Ohio railroad to Robert R. Young's Texas friends, Clint Murchison and Sid Richardson? The Texans say that they bought the stock for $20 million, but New York Central President William White charges that they are not the real owners, says they put up no money of their own. As a result, the Central this week refused to transfer the stock until it got the...
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