Word: clint
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...cautious in a public statement. He had predicted that he would win the New York Central proxy fight by 700,000 to 1,000,000 votes. His actual margin: 1,067,-ooo, or 267,000 more than the disputed 800,000 shares voted in his favor by Texas Oilmen Clint Murchison and Sid Richardson. Central President William White, conducting his last stockholders' meeting in a hot, sticky office at the Albany railroad station, with blinds drawn for an air-raid drill, sadly made the official announcement that Young had bombed him out of his job. There would...
Texas Millionaires Clint Murchison and Sid Richardson, who parlayed their way from the oil business into the New York Central (see above), last week placed a bet at a different window. For some $1,200,000 they bought a 40% interest in California's Del Mar Race Track, and, said they, had "control." This time their goal was not profit, but charity...
Congratulations on your excellent article [May 24] on Clint Murchison-a great citizen of a great state...
...once indirectly connected with the Murchison organization . . . I feel . . . you . . . overlooked the fact that Clint's original stake was made before the days of high income taxes, and for the past ten years his immense gains have been more from the effects of inflation than from oil income. Clint was smart enough, around 1939, to recognize the signs of coming inflation and bought anything on which he could borrow most of the purchase price . . . His equities were spread thin, and the banks could have closed him out at any time up to about 1945 . . . Clint Murchison gambled extremely heavy...
...Take Over." Young, meanwhile, carefully marked and folded his ballot (representing his holdings and proxies turned in to him) and turned it over to the voting tellers at the front of the hall. Another 800,000 shares were voted for Young by Don Carter, representing Texas Oilmen Clint Murchison and Sid Richardson. Shortly after, Young announced to the meeting: "You have won today . . . We have made history . . . The Young-Kirby-Alleghany group has cast a ballot representing a majority of all the outstanding stock . . . On the basis of an 85% to 90% vote, we will have a majority...