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...George & Frances Ball Foundation, then went hunting for buyers. He found them two years ago in a trio so unknown that no one laughed when they referred to themselves as "babes in the woods." The three: Brokers Robert R. Young and Frank B. Kolbe and a Woolworth company heir, Allan P. Kirby. Mr. Ball sold them 1,933,810 shares (43%) of the common stock in Alleghany Corp., the holding company just below Midamerica. This stock had cost Mr. Ball less than $270,000. He sold it for $4,000,000 cash, plus a $2,375,000 note payable...

Author: /time Magazine | Title: CARRIERS: Four Short Years | 5/15/1939 | See Source »

Last week these adventures of a railroad empire came to a terse conclusion. Thomas H. Jones, lawyer of the George & Frances Ball Foundation, called Cleveland newsmen by long distance from Muncie and announced: "Messrs. Robert R. Young and Allan P. Kirby and their associates have surrendered to the foundation the 1,200,000 shares of Alleghany Corp. common stock held as collateral for their $2,375,000 note, thus revesting to the foundation ownership of such stock." Muncie's spare, bald, 76-year-old George A. Ball was once again master of the 23,000 miles of right...

Author: /time Magazine | Title: CARRIERS: Four Short Years | 5/15/1939 | See Source »

Three immigrants, now U. S. citizens, were awarded annual scrolls of the National Institute of Immigrant Welfare for "significant contributions to American life": Russian-born David Sarnoff, 48, President of R. C. A.; Scotland-born William Allan Neilson, 70, President of Smith College; Moravian-born Albin Polasek, 60, famed Chicago sculptor...

Author: /time Magazine | Title: People, May 1, 1939 | 5/1/1939 | See Source »

...leading actor, better sets and a better leading lady than most. But he invariably missed his cues. He was born too early and died too late, married too young and learned too easily, succeeded too soon and then waited too long. Frémont, as he appears in Allan Nevins' biography, had no sense of timing...

Author: /time Magazine | Title: Books: Blurred Life | 4/10/1939 | See Source »

...highest peak of the Rocky Mountains. . . ." Even his calculations were naive and almost innocent, as when he stealthily evaded the War Department when he took a howitzer (for which he had no use) on his third expedition to the West. Courageous, spirited, good-humored and humorless, he seems in Allan Nevins' big (649-page), definitive biography to have been somehow distracted-like an actor who pulls the trigger but the pistol does not go off, or like a leading man who launches his great scene before the curtain rises...

Author: /time Magazine | Title: Books: Blurred Life | 4/10/1939 | See Source »

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