 In 1957, Junius chose his son David, a central figure in the Army-McCarthy Hearings of 1954, to head Schine Enterprises, but in 1963, Junius resumed his position as head of the company.In 1965, Schine's holdings were bought by Lawrence Wien and Harry B. Helmsley.Junius died on May 9, 1971, in Manhattan, New York City.