Word: richardson
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Dates: during 1950-1959
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...Philadelphia, the split in the Democratic organizations all but ruined the Democrats' good chance to win the governorship of Pennsylvania. Because he could not get a solid endorsement from the squabbling party organization at home, Philadelphia's District Attorney Richardson Dilworth has declined to run for governor. That practically assures the election of Republican Lloyd H. Wood, a lawyer and turkey farmer now serving as lieutenant governor...
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...
...Richardson and Murchison were both born in Athens, Texas, where they first became partners in horse-and-cattle trading. In the '20s, they speculated together in oil leases. Eventually, both struck it rich. Now each owns or controls an empire estimated at upwards of $300 million ; Richardson's wealth is even believed by some to be greater than that of Texan H. L. Hunt, estimated at $500 million or more. He owns a Texas City refinery, a string of cattle ranches, a radio and television chain, a drugstore chain, and, with Texas Publisher Amon G. Carter, the Texas...
This week Young announced the first seven members of his slate for the Central's board. Heading the list: Sid Richardson, Clint Murchison...