Word: railroad
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Dates: during 1940-1949
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...born (1892) in Coytesville, N J., of Dutch stock. When he was a baby, his family moved to Florida, where his father was a pioneer railroad promoter and financier. He had a healthy, uneventful outdoor childhood, played football as a halfback at West Point (classmates remember him particularly as being "good on the defensive"), was graduated 92nd out of 168 in the star-studded class of 1915, whose roster included names like Ike Eisenhower (class standing: 61) and Omar Bradley (44). In World War I, he went to France as an infantry major. Between wars, he taught infantry tactics...
...American correspondents had their own final drill with him. Leaning comfortably against the upholstery of his private railroad car, General Clay looked back on his four grinding, controversial years as a 20th Century proconsul. A unified Germany, he thought, is now inevitable, but there must be another five to 20 years of gradually tapering Allied occupation. As for the Russians, he warned that an East-West agreement on Berlin should not be confused with "a permanent solution to the struggle between communism and democracy." Said Clay: "I don't think that implies war. War would never solve...
...Ogden, Utah celebrated the 80th anniversary of the day California's Governor Leland Stanford helped drive a golden spike into newly laid tracks at nearby Promontory Point, thus completing the nation's first transcontinental railroad...
Although he has rung up record salaries in nightclubs ($460,000 for 46 weeks at Manhattan's Carnival) and vaudeville ($23,000 a week at Broadway's Roxy), Berle will work for nothing rather than go without an audience. He has entertained in hotel lobbies, restaurants, railroad stations, buses and cabs. (To a convulsed cab driver on whom he worked during a recent ride, Milton cracked: "You think this is funny? You should've caught me last Tuesday in a cab on 57th Street...
Landing Net. Whatever else Young's purchase of I.D.S. might mean, it did illustrate how his Alleghany Corp. has been expanding into other fields and greener pastures. Since early 1948, Alleghany had sold more than $17 million of its railroad holdings, because Young was bearish on their earnings' future. Among the sales: Alleghany's entire common-stock interest in Seaboard Air Line Railroad and most of its holdings in Central of Georgia and Florida East Coast Railway Co. (all roads where Young could not get control). Alleghany also plans to sell its holdings of 225,000 shares...