Evening star., 1960-10-30
j: New Baseball Club Here
Appears SoIidIy Backed

Mr.. Murphy, Washington in
surance executive, has been a
persistent Grifith critic and
the Senators departing presi-
dent had hoped that the trans
fer Of his franchise to Minne-
apolis would prompt Mr.. Muir.
ply to dispose Of his stock.
Mr.. McShain, who built the
State Department Building,
National Airport, National
Naval Medical Center at Be-
theSda and Atomic Energy
Commission headquarters at
Germantown, Md, among nu-
merous huge construction jobs,
told The Star he had been ap-
preached about buying into the
new team but declined.
Takes Riches Seriously
Owner Of BallymoSs, three
year-old champion of Ireland
In 1857 who finished third in
the Washington Cd. c. Inter-
national at Laurel, Mr.. Nc
Shain added that I'm too old
to go into something like that"
He is 81.
Mr.. Rockefeller, 50, would
provide the new Washington
team with the most business
minded Of the five grandsons
of John D. Rockefeller. The
third son and fourth child of
John D., jr.. Laurance is a 1892
graduate Of Princeton.
Mr.. Rockefeller feels wealthy
men have a social responsibility
to risk their riches. He has put
IS million into more than two
dozen inventive young COM
panies since World War II.
More than a year ago it was
estimated his stock In those
companies had risen to $S3
million, not counting millions
he sold or gave to charity.
He repeatedly selects his
risks carefully and has said he
likes to back young men with
ideas. A World War II Navy
lieutenant commander, he has
invested heavily in missile and
aircraft stocks.
He rounded up SIS million to
refinance Eastern Air Lines in
1888. His friend Eddie Ricken-
hacker thus was able to repel
a rival faction and retain con-
troll. Mr.. Rockefeller is East
ern's biggest stockholder.
PrOfited in ElectrOnics
Three years ago Mr.. Rookie
feller invested $27o, 900 in Tick
Corp. which had plans for
computer-like photo machines
to handle information. He got
some shares for as low as 50.
They scared up to $315 and
Mr.. Rockefeller's paper profit
rose to more than $40 million.
There are other instances Of
his equally astounding success
in fields that range wide. Re-
Gently he has moved into q new
investment area that combines
his lifelong interests in con-
servation, development of back
ward areas and travel.
In addition to his Virgin Is
land interests, Mr.. Rockefeller
donated a 5,000-acre plot that
became the United States 29th
national park. He built the 50
million Dorado Beach Hotel in
Puerto Rico.
He is in no hurry to make
money, expecting investments
to take 10 years, perhaps 20,
to show a profit. He reportedly
lost heavily in a steel prefab-
ricated house business and also
took a beating in an effort to
can tunaflSh in Samoa.
Mr.. Rockefeller also knows
how to live 1t up. He arranged to
fly Lester Lanin's orchestra from
the United States for the OPEN
ing Of the Dorado Beach Hotel.
On that occasion he brought
200 guests to Puerto Rico by
plane and arranged everything
so completely that his guests
found even tips had been pro-
vided.
Rockefeller Interests Varied
He has about 100 paintings
by famous artists, a Fifth
Avenue duplex, a 15-room sum.
mer home on Fishers Island-a
retreat for the wealthy 1876
miles from New York-six auto
mobiles including a Cadillac
and a Bentley, and sometimes
commutes in his 65-foot alumni
mum PIT boat to within walk
ing distance of his Office in the
RCA Building in Rockefeller
Center.
Mr.. Rockefeller is chairman
Of Rockefeller Bros, Inc, con.
cerned with investment re-
search; a member Of the New
York Stock Exchange: chair
man Of the Dorado Beach Es-
tateS in Puerto Rico, and the
Cancel Bay Plantation, and q
director OF Rockefeller Center,
Inc. international Nickel of
Canada, Filatures ct Tissages
Africans, Eastern Air Lines
and Olin Mathieson Chemical
Corp, among some of his in
tereSts. He has no worry about
where his next million is
coming from.
Getting back to Mr.. Murphy,
which Mr.. Griffith must do, he
said, Il await with eagerness
to share in this new era of
prosperity which has been
guaranteed by Mr.. Grifhth. The