Word: budd
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Dates: during 1940-1949
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From the first, the railroads insisted they could handle any traffic load the defense boom might produce. When Burlington's Ralph Budd joined the Defense Advisory Commission, he did not seem worried either. In July, when traffic had risen to over 700,000 carloadings a week. Commissioner Budd urged the roads to fix up their bad-order cars, keep them below 6%. The Administration wanted him to force orders for 100,000 new cars at once, 500,000 by 1942. Mr. Budd preferred not to interfere with rail managements...
First warning of trouble came three months ago when the board of trustees suddenly ousted three of their number: Edward G. Budd, famed builder of automobile bodies 'and streamlined trains; Ernest T. Trigg, a conservative paint manufacturer; and Rev. John Archibald MacCallum, a liberal Presbyterian pastor and oldtime friend of Founder Conwell. Soon ex-Trustee MacCallum began to make charges. For no obvious reason, eminent Surgeon W. Wayne Babcock of the medical school jumped into the fray with countercharges. Their cat-&-dog fight was joined by Dean Parkinson, Realtor-Trustee Albert Monroe Greenfield, perennial storm centre of Philadelphia business...
...That it was Greenfield, Budd, Trigg and MacCallum who had tried to oust President Beury...
Last fortnight Trustee Budd broke his silence, produced more sensational charges...
...seven years ended 1939, Edward G. Budd Manufacturing Co. made more stir with its streamlined trains than anyone else in the field. But it lost money in the process. Now Budd is busy making ammunition parts, body assemblies for bombs, other war materials-and money. September-quarter profits were $99,000, up from $402,000 loss last year. Full-year earnings will be the largest since...