Word: rechanneled
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Dates: during 1961-1961
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...Murchisons charge, Alleghany's vast potential was largely negated by stagnant investment policy. The brothers have promised to split I.D.S. stock, which is currently selling at about $280, by perhaps 10 for 1, and to increase I.D.S.'s $1.25 quarterly dividend. Above all, they hope to rechannel Alleghany's investments into growth industries...