Word: auto
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Dates: during 1950-1959
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...Congressional committees, by majority vote, should become the final judges of whether their questions to witnesses are pertinent to a valid legislative purpose. This is in reply to last year's Supreme Court decision reversing the contempt-of-Congress conviction of United Auto Workers Organizer John Watkins, who had refused to identify past Communist associates to the House Un-American Activities Committee. The court held that Watkins had been denied due process because he had no way of knowing whether the committee's questions were actually pertinent to a valid legislative purpose...
Died. Alvan Tufts Fuller, 80, onetime (1925-29) Republican governor of Massachusetts, who backed up the state judiciary, decided not to delay the electrocution of Nicola Sacco and Bartolomeo Vanzetti beyond Aug. 23, 1927; in Boston. A wealthy auto dealer (Packard) and onetime (1917-21) U.S. Congressman, Fuller was beset by pressure from near and far to intervene in behalf of the condemned men. After he appointed a committee headed by Harvard President A. Lawrence Lowell, which reviewed all testimony and supported the jury's decision that Sacco and Vanzetti were guilty of murder, the New York Times editorialized...
After the Christmas spending spree, we're confronted with income taxes, auto licenses, real estate taxes-all at a time when fuel bills are large. What better cause for a slump? Spreading these out would leave us less vulnerable...
...ailing auto industry, the Chrysler dividend was a casualty. President Lester Lum Colbert reported a first-quarter loss of $15,139,802, almost $2 a share, and reluctantly announced a cut in the dividend from 75? to 25? to conserve cash. Ford did much better, though its earnings dropped from $1.85 in the first quarter of last year to 42? in the first quarter of this year. Nevertheless, it will pay its next quarterly dividend...
U.A.W. SALARY CUTS are on way to offset current $200,000 monthly deficit caused by auto layoffs. Salaries of President Walter Reuther ($22,000) and 24 other executives will be slashed 10% ; some 100 staffers will be laid off. Big worry: U.A.W. now has $24 million in strike fund, far short of $50 million goal set for early June, when auto contracts will have expired...