Word: murchison
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...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 be no quibbling or court...
...Financial Genius Murchison can build the Trans-Canada pipeline for $3,000,000, then he must also be an engineering wizard in his spare time...
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...
Professors in Charge. At week's end the final answer lay in six steel file cases holding the Central proxies and four safes (made by .Oilman Murchison's Diebold, Inc.) holding Young's. All the proxies, representing an estimated 5,600,000 shares (almost 90% of the 6,447,410 outstanding), were kept under 24-hr, guard by railroad police in Albany's Ten Eyck Hotel. There, three law professors named by the Central management* were in charge of counting votes and ruling on challenges. Working with them behind locked doors were more than a score...