Word: centrally
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Dates: during 1950-1959
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...when the central figures retire, the historians come to life. Frank Friedel, James MacGregor Burns, and Arthur Schlesinger, Jr. are just the first of what will probably be a long and voluble wave of commentators. Among these academic pioneers in the already furrowed soil, Schlesinger takes the top honors--for scope, for literary ability, and for insight...
...Jesse Jones, Leon Henderson, Ben Cohen, Tommy Corcoran, Henry Wallace, and John L. Lewis. These are the people whom Schlesinger brings back from the sidelines of history into the prominence they deserve. And above them all, generally somewhere in the middle of their ideological and personal rampages is the central character of Schlesinger's gripping story, the President...
...auto venture. Then, at a critical moment, Eaton backed out of a deal to underwrite $11.7 million worth of new Kaiser stock. (The court fight lasted four years; characteristically. Cy Eaton won.) One of his biggest deals: helping the late Robert R. Young win control of the New York Central Railroad in return for control of the profitable, coal-hauling Chesapeake & Ohio...
...gloom of the '57-'58 recession, many a U.S. railroad sought merger partners to strengthen its condition. For 14 months the Pennsylvania and the New York Central, the nation's No. 1 and No. 2 roads, talked, thought and studied. Last week the Central flashed the red board. It announced that it was suspending the Pennsy merger talks until "three or four systems of nearly balanced economic strength in the East" could be studied. Conferences among smaller roads in Portland (Me.) and Cleveland (TIME, Dec. 1), said the Central's directors, indicate "a new climate among...
...Pennsy sounded like a bride left at the church. Said President James M. Symes: "I am disappointed." U.S. railmen have known for some time that the Pennsy is more anxious to merge than the Central, which has had its doubts about managing the $5.6 billion behemoth that would be formed by a merger. Meanwhile the seven smaller roads-Erie, Baltimore & Ohio, Chesapeake & Ohio, Reading, Delaware & Hudson, New York, Chicago & St. Louis, Delaware, Lackawanna & Western-that had huddled in October to discuss what to do in the face of a Central-Pennsy merger also dropped their own merger talks...