The Courier News from Blytheville, Arkansas on May 24, 1954 · Page 10
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The Courier News from Blytheville, Arkansas · Page 10

Blytheville, Arkansas
Issue Date:
Monday, May 24, 1954
Page 10
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Young Meet As Showdown Hears In Battle for Railroad NEW YORK (AP) — William White and Robert R. Young met face to face last night since they joined battle last February for control of the New York Central Railroad. With * showdown stockholders*— vote on the dispute scheduled for thi* Wednesday, the meeting: in a television studio was hardly cordial. Both men smiled tightly when they shook hands before start of the program, Meet the Press, on CBS. Asked to repeat the handshake for benefit of photographers, White, wfco is now president of the railroad, refused... "Thi* is serious. I'm not going to make a pink tea of this," he •aid. For the remainder of the half- hour program, In which the two railroad titans answered newsmen's questions, they avoided any further direct contact. Vote Wednesday Most of the questions covered iwues that had been repeated and answered over and over again in th« tense contest for stockholders proxies. The proxies are to be vot ed at the railroad's annual meeting in Albany Wednesday unless a MONDAY, MAY W, 1W4 ^ S-M Overproduction would hove been a serious problem o long time ago if it hadn't been for second breakfasts, coffee breaks, and smoking periods. court decision postpones it for an other month. Both White and Young claimed they were sure of victory, although when asked for figures on proxy strength, White replied: "In a battle such as this. I don't think contending sides disclose their real strength. I don't propose to." Young said he was sure of winning, even if 800,000 shares bought by two Texas friends of his are not voted. White has challenged the transfer of this stock from the Chesapeake & Ohio Railroad, which Young formerly headed, to Texas millionaires Clint W. Murch- son and Sid W. Richardson. The television show focused on the proxy campaign, taking its cues largely from charges made by the other side. White "was asked. "If you're running the railroad so efficiently, why is there any fight among the •tockholders on whether you're going to stay in the saddle?'-' He answered, "There wasn't a fight ... until someone started one . . . (with) pie-in-the-sky promises." White was asked whether, if he •were victorious, he would name Young to the board in view of Young's large holdings of Central •tock. "My heavens. I rather doubt teat," he replied. Young, questioned about claims that he was a "smart promoter" who knew nothing about railroads, replied: "I rehabilitated five sick railroads . . . I took control of the Nickel Plate at $7 a share and in 18 years got it up to $240 a share. It was a streak of rust when I took hold of it. So was the Pere Marquette. I'm an expert on sick railroads." - Asked if the Central's passenger service was operated at much less cost than the C&O's, Young said: "Yes, it's a lot easier to take a passenger to Chicago and back than to take him up a creek in West Virginia." Beria Is Now Missing From History Books WASHINGTON OR—The U. S. Information Agency says Lavrenti P. Beria is being liquidated again, this time from Russian history. The agenc: said yesterday information coming to it from Russian newspapers via Vienna indicates that the name of the former Soviet secret police boss has been deleted from the roster of the "Russian State Committee of Defense." This was the agency which directed Russia's mobilization in World War U. Previous Russian accounts listed Beria as one of the top three members of the five-man group headed by the late Premier Stalin. But the new "doctored account." the information agency said, deleted Beria and added two other men now in the inner circles. Lazard M. Kaganovich and Anastas I. Miko- yan. tied a few dishes yesterday, but no damage was reported. At Berkeley, The University of 'alifornia seismograph station said he quake appeared to be centered n the Tehachapi Mountains. Only Aspirin At Its Best Tremors Shake West LOS ANGELES (#) — A momen- ( tary rolling earth shock sent resi- j I dents to their telephones and rat- 1 Call 3-8233 ...if its washable 1ET US LAUNDER IT! Yon etn't beat u»—for etecnve, easy-on-your-clothes laundering, expert finishing, convenient frienldy serv- tot. Chooee frofti our many services today. Phone 4418 for pickup and delivery. UMNMY. CLEANERS SAVE MORE at MOORE'S! SENSATIONAL BEDROOM VALUE! Complete with Springs and Mattress ONLY DOWN DELIVERS — See One of Our Salesmen — Harry Myers, Ray Hall or Norris Moon ORE FURNITURE CO

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