Word: chairman
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Dates: during 1920-1929
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...Interstate Commerce Commission last week chose a new chairman for 1930 and simultaneously gave him more work to do than he or anyone else could possibly accomplish in a year's time. By a process of rotation Frank McManamy, whose I. C. C. service began 23 years ago as a clerk, was advanced to the head of the Commission to succeed Ernest Irving Lewis. Chairman McManamy will need all his knowledge-and experience as a practical railroad man to cope with the task assigned him, because last week the Commission adopted and published its long-delayed plan for consolidating...
Reactions. Western senators raised a great hue and cry against the proposed marriage of the Great Northern and Northern Pacific, claiming it would eliminate all competition. Chairman-elect McManamy concurred in the general plan "only because I expect economy and efficiency of operation to be promoted by the gigantic systems proposed. . . . We should not, to open the door to lawful consolidations, propose consolidations which are themselves unlawful and that I think we have done...
After Mr. Barnes had testified, Chairman Legge publicly corrected him: "The Board did not alter its policies as a result of the hearing given the grain trade nor has the board agreed to submit its policies to the grain trade before action. . . . I don't think Mr. Barnes intended to convey this impression...
What caused widest concern among farm cooperative leaders was the revelation by Chairman Legge of how his Board would handle future wheat loans: The Board would advance its funds to the National Farmers Grain Cooperative at 3½% which in turn would farm out in smaller loans to individual cooperatives, adding "a small additional charge," presumably 2% or 3%. In effect the cooperatives would be paying the same rate-6%-as private commission men for cash. Chairman Legge carefully explained that whatever profit the national cooperative made from the additional interest imposed would in the end go back...
First to flay Farm Board Chairman Legge for his conference with Chairman Barnes was Chairman Caraway of the Senate Lobby Committee who wrote...