Epic Proxy Fight Winner Resigns From Alleghany Corp
John D. Murchison resigns the presidency of Alleghany Corp after 38 months of control gained in a high profile proxy battle. He remains a director as Gambie moves to acquire more shares. Kirby, Allegheny’s largest stockholder, maintains a quiet stance amid the shakeup. Choo, Choo, Anyone? auction items include a railroad box car caboose and diesel locomotive from Florida East Coast Railway.
MENTIONED IN THIS ARTICLE
New York
John D. Murchison
Alleghany Corp
Investors Diversified Services
New York Central Railroad
Murchison
Clint W. Jr
Allan P. Kirby
New Yorker
Rrry
ST. Augustine
Fla.4
Florida East, Coast Railway
Tides and Temperatures Ship Arrivals Departures
Coastal port notes list vessels arriving today with tide and temperature readings. Mariners report expected arrival times, destinations, and cargo notes for the harbor. Local harbor master cautions on current and weather impacts on docking.
Major Economy Talk Promises Tax Cuts and Revenue Rise
President outlines a broad tax program to cut rates and boost revenue, with a tentative retroactive start to 1963. The plan includes an $6 billion income tax cut mainly benefiting higher earners and corporations, plus a possible additional $5 billion reduction if spending stays flat. Views split among congressional leaders and business groups. The Economic Club address, taped for later broadcast, emphasizes faster growth, employment, and economic vitality.
MENTIONED IN THIS ARTICLE
Washington
Amid
Mént
Cailea
ISLEY
York
CED
Economic Club of New
Frazer B. Wilde
Business-Finance Committee For Economic Development
Congress
Camden man jailed again for 17 years without a license
Camden, N J. A 35 year old man, George T. Fitzgerald, was sentenced to nine more days in jail for driving without a license for 17 years. He had completed a 30 day sentence for the offense and faced $315 in fines. Fitzgerald told Judge Julius Skiar he did not know how many tickets he had received since starting to drive at 18.
MENTIONED IN THIS ARTICLE
Camden
N. J
UPI
George T. Fitzgerald
Fitzgerald
Julius Skiar
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