Word: three-way
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...merger alarmed the New York Central, which wanted a three-way merger with the Chesapeake & Ohio and the Baltimore & Ohio (TIME, May 30). But the C. & O. wanted to go it alone, offered to buy B. & O. stock as the first step toward merger. Last week, as the C. & O. mailed its offer to B. & O. stockholders, New York Central President Alfred Perlman jumped into action. He appealed to the Interstate Commerce Commission to con duct a study to establish new ground rules for Eastern rail mergers, hoping thus to block the other roads moves until he can strengthen...
...miles of track and assets of $2.3 billion, would displace the Southern Pacific in the No. 2 spot, and rank only below the Pennsylvania. Another road deeply interested in the C. & O. merger is the New York Central. It has been talking to the two roads about a three-way merger that would make the biggest U.S. railroad, web the Eastern states with a network touching almost all major cities...
...THREE-WAY MERGER TALKS are going on among New York Central, Baltimore & Ohio, and Chesapeake & Ohio. Union of three would create a 25,000-mile, $4 billion empire, biggest in U.S. It would also be defensive move against merger being discussed between Norfolk & Western and Nickel Plate. N. & W. is one-third owned by Pennsylvania R.R., which is now biggest U.S. railroad...
...Kubitschek ran in a three-way race against weak candidates; Lott is up against ex-Schoolteacher Janio Quadros, who in a few years rose from obscurity to become the new-broom governor of Sao Paulo, spark of Brazil's industrial boom. Quadros kicks off his shoes on the stump, spills ashes on his shirt and works the crowd to frenzy. His program is honest government, slashing bureaucracy, building roads and power plants, and turning private enterprise loose for progress. He describes his own nationalism as "grownup, vaccinated and old enough to vote." Quadros' main handicap: the streak...
...killed-virus injections as the first line of defense against poliomyelitis reached the U.S. last week. Biggest offensive was launched in Miami and surrounding Dade County, where the entire under-40 population, estimated at 520,000, was marshaled in an effort to show that a single swallow of the three-way vaccine is not only safe but superior to Salk. By week's end the campaign's sponsors tallied more than 75,000 who had taken the vaccine. They hoped to run the total close to the half-million mark before April, which would make this the biggest...