Evening star., 1952-02-22
Young Willing 10 0uiI
C&0 for FootIloId
In New York Central
Bv Donold B. HodIey

Robert r. Young, chairman of
the board Of the Chesapeake &
Ohio Railway and the Allegheny
Corp, will be willing to resign
from those positions. If necessary,
to gain representation on the
board Of the New York Central
Railroad. which he hopes even
tually to merge with the C.8sO.
Mr.. Young expressed himself
here yesterday at the fifth ami
versary of the Federation Of Rail-
way Progress. Of which he also is
chairman. He said action could
not be taken in time for the next
annual meeting of the Central in
May but would have to wait until
the 1853 meeting.
However, he p a that, if it be-
came necessay for himself to
stand for elef n to the Central
board. he h. - assurance of the
support from 80 per cent Of the
stock Of the Central. He saw
the possibility that the Interstate
Commerce Commission might still
object to bis going on the Cen
tral board If he left the c. g. O.
and Allegheny in friendly
hands" but he added: "If we can't
get friends on the Central board,
Bob Young will have to get there
himself"
Comments on Press Report.
Commenting on an Associated
Press report quoting Henry Crown
Of New York, new board chair
man of the Empire State Build
ing, that he has indicated no
interest" in Mr.. Young's struggle
for voice in the New York Cen
tral management, Mr.. Young said
he was afraid that Mr.. Crown
had yielded to pressure. He de-
clared that less than 48 hours
before. Mr.. Crown had indicated
he was interested.
A New York paper earlier re-
ported that Mr.. Crown headed a
group that would be Mr.. Young's
allies In the fight for representa-
ton on the Central board. Mr..
Young has been seeking repre-
sentation on the Central since the
c. g. o. purchased some 400, 900
shares or about per cent. of the
Central's stock. The ICC objected
because Mr.. Young was an official
Of the c. & o. and Allegheny.
The New York paper quoted
sources "close to Mr.. Young" that
four other unnamed friendly in
terests" are prepared to swing a
million-share purchase of New
York Central stock If it should
before necessary. This would in
volve around $19 million at pres
ent prices and much more If the
stock advanced as q result of the
tight.
Train x Exhibit Near.
Mr.. Young told newsmen here
yesterday that Train x, which has
been seen only by officials of the
c. e. o. and its manufacturer, the
Pullman-Standard Car Manufac-
turing Co., would be shown to
newspaper men within two
months, probably at Chicago.
However. he said he has hopes Of
bringing it to Washington so
members of Congress and Govern
ment officials can see it.
He has expressed hope that
Train x might be installed on the
New York Central and prove of
great value in wiping out the
Central'S large deficit from pas
senger operations.
Cars Of the new train have two
wheels on only one end and are
articulated with other cars by
attaching them together much as
trailers are attached to trucks
They are much lower to the
ground than present equipment
and are cushioned on rubber as
automobiles.
AS chairman of the federation,
Mr.. Young today presented awards
to the Railroad Man of the
Year" Harold NeiSwender of
Spokane. Wash. Robert Van SAINT,
director Of the public relations for
the Baltimore & Ohio Railroad
received the federation's award
for public relations work, and
Lewis w. Britton, Washington
writer for TRAFFIC World, received
its news writing award.