Word: alpert
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...sighed silver-maned Boston Lawyer George Alpert, 63, last week, "the campaign that I have been conducting for the past five years is a crusade. I have learned to my sorrow that the road of the crusader is not exactly a path of roses." No one else thought that "crusader" was the appropriate word for Alpert. as he announced that the New York. New Haven & Hartford Railroad, of which he has been president since 1956. was filing for reorganization under Section 77 of the Bankruptcy...
...executives. In 1954, after a debilitating proxy war, rambunctious Patrick B. McGinnis came in as president; he spent millions to develop futuristic trains and passed out lavish dividends on New Haven preferred stock. When McGinnis departed for the Boston & Maine, he left to his successor and onetime ally, George Alpert, a long-term debt of $200 million...
...Hearing Examiner Richard S. Ries, the prescription is aimed at curing the New Haven's steadily rising deficit (expected to hit $14.4 million this year), but some of its ingredients are bound to leave a bad taste in the mouth of everyone from New Haven President George Alpert to the extra engineer who goes along for a free ride on diesel runs...
Follies of Management. While the report came out flatly against the Government subsidy sought by Alpert, it also took a strong stand for tax relief. It suggested that 1) the 10% federal excise tax on fares be repealed, 2) the Federal Government should amend its tax laws to encourage states to give tax relief to the railroads, and 3) ICC should be empowered to rule unlawful any state's taxes on deficit-racked roads when they are excessive compared with those levied by other states (New York State taxes on the New Haven amount to $17,318 a mile...
Happier Mood. The recommendations got quick action in one field. The New York Public Service Commission, which had previously refused the New Haven a 10% commuter fare rise already granted by three other states, changed its mind and approved the increases. So confident was President Alpert that tax relief now would be "forthcoming early in 1961" that he grandly ordered the road's car-washing and cleaning program, long since cut to a minimum, to be speeded up immediately to put passengers in a happier mood...