Word: palmed
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...wives, sacks, cats, kits and other factors in the traffic jam on the road to St. Ives had nothing on the entourage that follows the President of the U.S. Last week when Dwight Eisenhower left on a brief vacation to limber up his midwinter kinks in Palm Springs, Calif., his departure resembled a middle-sized troop movement. In addition to his wife and mother-in-law, the President was accompanied by 22 Secret Service men, a personal party of 35 secretaries, aides and servants, and 24 reporters, photographers and radio-TV men, was joined in Palm Springs by 50 additional...
...Imperious Demand." Young heard the news at his winter home in Palm Beach, Fla., and said: "I am really basically gratified. I'd rather have my own board of directors than work with the present one." He blamed the turndown on "Morgan interests" on the board...
...back at him, told newsmen in Chicago: "If Bob Young is looking for a fight, it will be bare-knuckled . . . and no punches pulled. We're not pushovers and we're not punching bags . . . You can't handle the problems of a railroad and be in Palm Beach and Newport." (Young has palatial homes in both places; White lives in a ten-room brick-and-stucco house in Scarsdale, N.Y., is a New York Central commuter.) White also denied that Young is the largest individual stockholder, saying that there is another who owns more shares...
...another 50? was declared this year. White readily admits that the Central still has some basic troubles: a big passenger deficit ($50 million in 1952), extensive repairs needed in the roadbeds, high terminal costs. Says he: "We have problems that will not respond to a magic touch from Palm Beach...
Frenzied Trading. As if in answer, Young closed down his Palm Beach home this week and moved to a four-room suite in Manhattan's Waldorf-Astoria Towers. As he headed North, he fired one more shot at White, demanding that he "get back to running the railroad or resign." Meanwhile, both sides prepared proxy statements for the Securities & Exchange Commission, got ready to solicit proxies in preparation for the Central's annual meeting...