Word: cyrus
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Robert R. Young pulled a master stroke in his fight to control the New York Central. Last week two oil-rich Texans, both close friends of Young, put up $20 million in cash and bought 800,000 shares of Central stock, biggest single block outstanding, from Cyrus S. Eaton's Chesapeake & Ohio Railway (at a profit of $2,400,000 to the C. & O.). The friendly buyers were Clinton W. Murchison, 58, of Dallas, whom Texans proudly describe as "really a wheeler-dealer," and Sid W. Richardson, 62, of Fort Worth, often called the richest man in oil reserves...
Last week Young tried a new maneuver: he announced that he had sold all the C. & O. stock held by his Alleghany Corp. to Old Friend Cyrus S. Eaton, Cleveland industrialist and a longtime fellow castigator of New York banking interests. Young also sold his own C. & O. holdings, as did a small group of men around Young, including wealthy. Dime Store Heir Allan P. Kirby. Young also turned over his job as chairman of the C. & O. board to Eaton whose C. & O. holdings, with the 104,854 shares bought from Alleghany, swelled to 205,854 shares. Young, Kirby...
Informed opinion is shifting more and more to the view that U.S. strategic planning lags dangerously behind atomic-thermonuclear development. Last week, speaking to a Tulsa business group, American Airlines' President Cyrus Rowlett Smith, an Army Air Forces major general in World War II, put the case for a radical change in defense policy. "Is it not sensible," asked Smith, "to question that adequate security can best be provided merely by numbers of men? Has the time not come to re-examine the old criterion-divisions, divisions, divisions-in light of the effectiveness of new weapons...
CLEVELAND Industrialist Cyrus Eaton, who recently tightened his control over the big West Kentucky Coal Co., is reportedly negotiating for other non-union coal companies. His good friend John L. Lewis, a longtime Eaton collaborator, also figures in the deal. Coal operators believe that Eaton will dramatically accept unionization of his coal properties, and that Lewis' treasury will help finance Eaton's new coal ventures...
Hocus-Pocus. Now it was Malenkov's turn. He may have achieved his victory by means of-of all things-an intricate debate on genetics. This week, linking fact with plausible conjecture, the New York Times's Foreign Correspondent Cyrus L. Sulzberger put together the story. In the summer of 1948, 700 Soviet biologists met in conference to discuss solemnly the theory of Lysenkovism. Geneticist T. D. Lysenko contended that "acquired characteristics"-those attributed to environment-can be inherited. This meant that Communist education could more or less create a new species of human being, and then transmit...