Word: murchisons
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...hours last week, the fair wind of compromise blew in the New York Central fight, but then the storm clouds gathered and both sides started thundering. Rumors of a compromise started when Robert R. Young's Texas millionaire friends, Clinton W. Murchison and Sid W. Richardson, made a flying trip to Manhattan to talk to the Central's President William White and some of his directors. Afterward, the Texans flew back home and the word went out that no compromise was possible in the bitter fight...
...Clint Murchison so they could vote it. "Eaton," said the Central darkly, "does Young's bidding...
Richardson and Murchison were both born in Athens, Texas, where they first became partners in horse-and-cattle trading. In the '20s, they speculated together in oil leases. Eventually, both struck it rich. Now each owns or controls an empire estimated at upwards of $300 million ; Richardson's wealth is even believed by some to be greater than that of Texan H. L. Hunt, estimated at $500 million or more. He owns a Texas City refinery, a string of cattle ranches, a radio and television chain, a drugstore chain, and, with Texas Publisher Amon G. Carter, the Texas...
...Board. Clint Murchison's financial interests range more widely, into about 100 different companies, including an insurance firm (Atlantic Life), banks, chemical companies, an office-equipment company (Diebold), a newspaper, a book-publishing firm (Henry Holt) as well as big oil and gas holdings. He has teamed up with Young on other occasions. In 1951 Murchison and Young's Alleghany Corp. each put up $1,300,000 to buy control of American Mail Line, a Seattle company which operates trading ships to the Orient. Murchison borrowed the cash for his share from Alleghany. Last January, one day after...
This week Young announced the first seven members of his slate for the Central's board. Heading the list: Sid Richardson, Clint Murchison...