Word: railroadman
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...Whatever your income, save some of it," said lean, frugal Charles E. Stillings, 81. It seemed a nice homily from an old retired railroadman who lives in a shabby hotel room overlooking the New Haven train tracks at Stamford, Conn. His own income, during all his years as foreman of the New Haven Railroad's power plant at nearby Cos Cob, never reached $100 a week. But laconic Bachelor Stillings practiced just what he preached. He put most of his savings in blue chip common stocks-and held...
ANITA O'KEEFFE YOUNG, widow of Railroadman Robert R. Young, wants to sell her Alleghany Corp. stock to Texas Millionaire Clint W. Murchison for estimated $11 million. Sale of stock, crucial to control of Alleghany, is being temporarily blocked by suit filed by a Young relative. When and if deal is closed, Murchison is expected to ask for at least two seats on Allegheny's nine-man board, put new zip into the company...
...Haven Railroad's President George Alpert, lawyer turned railroadman, at long last decided that one way to cut soaring delays and equipment breakdowns might be to give New Haven veterans a hand at the throttle. Alpert appointed a 24-year employee, Frederick J. Orner, 48, as chief of the road's operations and second in command. Orner, the road's general manager of freight service, had been demoted from assistant vice president in 1956; now he will take over the jobs of two Alpert lieutenants brought in from another road in 1958. Said Orner: "It is fairly...
...widow of battling Railroadman Robert Young resigned in a huff from the board of the multimillion-dollar Alleghany Corp. last week-and thus set the stage for what promises to be 1960's liveliest proxy scrap. Anita O'Keeffe Young,* still ambitious and aggressive at 60-plus, quit to express her opposition to cold, stolid Chairman Allan P. Kirby, 67. It was a bitter end to a 25-year association. Kirby's inherited Woolworth millions had bankrolled Bob Young from the 19305 onward, had put him in command of Alleghany, which controls the New York Central Railroad...
Many a U.S. railroadman believes that the answer to the problem lies not in charges or recriminations, but in a joint effort on both sides to discover how featherbedding practices can be eliminated without undue hardship. The industry favors a plan adopted by Canadian railroads, which has helped cut down featherbedding by not replacing firemen working on freights or in the yards who have died or retired. Privately, many railroadmen concede that the U.S. situation is not entirely the unions' fault; U.S. railroads are often run inefficiently, with management clinging to ancient practices as fervently as do the unions...