Word: chairmanship
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Resignation. When Harry Truman induced McKinney to take the chairmanship, reporters got wind of another fact: McKinney was vice president of a pipeline company which is trying to get a Government priority for 100,000 tons of scarce steel. McKinney wrote out his resignation to the pipeline company and announced he would sell all his stock in it. In any other year this would have been incidental. But in 1951 it was an action louder than words to show that the new Democratic chairman understands what the next campaign is going to be all about...
...career. The Federal Power Commission is without a chairman. If Truman selects a man sympathetic to the oil and natural gas industries, as was Mon C. Wallgren, the former chairman, the price of natural gas for home use may skyrocket. The FPC passed a ruling during Wallgren's chairmanship that stated that the FPC, under the Natural Gas Act of 1938, could have no jurisdiction over the Phillips Petroleum Co. In so doing, Wallgren turned over control of the FPC to the industries it is supposed to regulate--industries which may now take a couple of million extra dollars from...
Truman then appointed Wallgren to the empty chairmanship of the FPC, and Wallgren promptly delivered the commission into Kerr's hands. Supported by Wimberly and Bailing, Wallgren reversed the Truman veto with the August 22 ruling, allowing the increased prices demanded by "short-armed" producers like the Phillips Oil Company. This action brought justified complaints from the "integrated" companies, whose prices are still controlled by the FPC. And, what is more dangerous, Wallgren's decision may act as an opening wedge for other public public utilities to demand less price regulation by the government...
...there began to be murmurings about Boyle's double-barreled activity. Shortly thereafter, Bill Boyle accepted a $30,000-a-year salary as full-time executive director of the National Committee. Three months later the White House eased Rhode Island's Senator Howard McGrath out of the chairmanship (kicking him upstairs to the Attorney General's office), and promoted Bill Boyle to McGrath's job, which pays $35,000 a year...
This change is in line with the policy of most of the departments of the College, which makes it possible for different members of the department to assume the chairmanship in rotation...