Word: fe
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Dates: during 1960-1969
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While John flew P-39s in the Mediterranean and P-40s in South China, the Marines sent Clint Jr. through Duke University, where he graduated top man in his engineering class. The war over, John went back to Yale for some serious studying, then headed out to Santa Fe where Clint Sr. had lined him up a $175-3-month job in a bank. Meanwhile Clint Jr. was getting a master's in math at M.I.T. In 1950 they joined forces in Dallas...
WESTERN RAIL FIGHT for control of Western Pacific (TIME, Feb. 17) will involve the Denver & Rio Grande Western, key link between the Western Pacific and Midwestern cities. Union Pacific and the Chicago, Burlington & Quincy are buying Rio Grande stock in defensive moves to prevent Santa Fe from setting up a direct Chicago-to-San Francisco route should it win control of Western Pacific...
...Atchison, Topeka & Santa Fe, which countered Southern Pacific's challenge by quickly picking up a 20% holding in Western, wants to run Western as a separate, semi-autonomous railroad, continue to use it to compete with the Southern Pacific. Other railroads joined the fight. The Santa Fe's transcontinental archrival, the Union Pacific, whose lines tie in with the Southern Pacific's, said that it had bought up 10% of Western's stock and that it supported the S.P. The Chicago, Rock Island & Pacific, which competes with the Santa Fe in the Midwest, also came...
...Santa Fe also had friends. Western Pacific directors endorsed the Santa Fe plan, and the Great Northern Railway, which has a line that ties in with the Western system at Bieber, Calif., backed the Santa Fe and bought 8% of Western's stock to give its support more weight...
After the conference, the case was recessed until the formal hearings begin in San Francisco, possibly this summer. On grounds of preserving competition, it looked as if the Santa Fe had the better chance of winning ICC's O.K., since it would cooperate with the Western to compete against the Southern Pacific. If ICC allowed the Southern Pacific to take over the Western, the northern California area would be left with a one-company rail system-just as it was 52 years ago, before the Western Pacific was built to break the Southern Pacific's monopoly...