Word: murchisons
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...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...
Officially, Tycoons Murchison and Richardson, who could buy and sell the Central to each other if they wanted to, had little to say about what they would do with their stock. Drawled Murchison, as though his $10 million part in the transaction had almost eluded his memory: "We did purchase some New York Central ... It made good earnings last year, and we put our slide rule to it. It looks as if it should make much better in 1956." Richardson, even more noncommittal, said: "A man is getting in a hell of a shape...
...Boys from Athens. But it didn't take a slide rule to figure out what Murchison-Richardson were doing. By buying the big block of stock, they freed it from a voting trusteeship in the Chase National Bank, where it was placed on orders of the Interstate Commerce Commission. Chase National, whose President Percy J. Ebbott had joined other Central directors in turning down Young's demand for the chairmanship of the board, might well have voted the stock against Young. Now, with his own holdings and those of friends, Young could count...
...When Hemingway broke camp after five months of hunting and writing and set out for Africa's east coast to fish, he hired Pilot Marsh and his four-place Cessna. Last week Pilot Marsh left Nairobi for an African village named Masindi, planning to circle the spectacular Murchison Falls of the Victoria Nile on the way. But Marsh and the Hemingways never arrived at Masindi. A B.Q.A.C. plane, diverted from its route to search for them, found the Cessna in trees near the falls and reported that there was no sign of life to be seen...
Four years ago, Moore, now 41, entered the first big deal to put him all over the map: he merged with a Southwest bus line owned by Texas Tycoon Clint Murchison (TIME, July 21, 1947) and with another line, owned by the Santa Fe Railroad, which had routes in a dozen Midwest and Western states. (Murchison still owns 26% of Continental; the Santa Fe and Moore's original group own the rest...