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Although crusty old (67) Martin W. Clement passed the voluntary retirement age two years ago, he stayed right on as president of the Pennsylvania Railroad. To some oldtime Pennsy men, it seemed that the road could never operate without his tight rule. But this week he is relaxing his hold. He will retire as president to become the first chairman of the board in the Pennsy's 103-year history...

Author: /time Magazine | Title: RAILROADS: Moving Up | 6/20/1949 | See Source »

...fill Clement's post, Pennsy directors picked another oldster, hulking (6 ft. 6 in.) Executive Vice President Walter S. Franklin, himself at the voluntary retirement age of 65 (mandatory retirement age: 70). Franklin had started on a freight platform in Philadelphia in 1906, worked steadily up through the freight division. He left the Pennsy three times-twice to become president of other railroads (Wabash and the Detroit, Toledo & Ironton). Each time he returned to a better job with the Pennsy. In 1948 he was made executive vice president...

Author: /time Magazine | Title: RAILROADS: Moving Up | 6/20/1949 | See Source »

...hopeful about the immediate future of his railroad. He expects Pennsy's 1949 freight volume to fall 15% behind 1948, but anticipates better things by the end of 1950. He will not be president for long after that. Railroaders guessed he will be moved up when Clement leaves the chairmanship and Operating Vice President James M. Symes (rhymes with whims), 51, will take over the throttle. An up-from-the-ranks man also, Jim Symes has great visions of the Pennsy's future, once hopefully proclaimed: "The railroads have a potential travel market that requires only tapping...

Author: /time Magazine | Title: RAILROADS: Moving Up | 6/20/1949 | See Source »

...article based on an informal poll of members of the Overseas Press Club, are the U.S.'s Harry Truman, Dean Acheson, Paul Hoffman, Walter Reuther and Douglas MacArthur; the U.S.S.R.'s Joseph Stalin, Vyacheslav Molotov, Georgy Malenkov, Nikoli Bulganin and Lavrenty Beria; Britain's Clement Attlee, Ernest Bevin and Winston Churchill; France's Jacques Duclos and Charles de Gaulle; Yugoslavia's Marshal Tito, China's Mao Tse-tung, Spain's Francisco Franco, Belgium's Paul-Henri Spaak, India's Jawaharlal Nehru, Israel's Chaim Weizmann, Jordan's King Abdullah...

Author: /time Magazine | Title: People: That Old Feeling | 5/30/1949 | See Source »

...London last week, six Prime Ministers and one Foreign Minister from the Commonwealth Nations joined British Prime Minister Clement Attlee to fret over a problem that might rudely upset the Commonwealth's finely adjusted balances. The problem was posed by the fact that India, now a free dominion within the Commonwealth, had declared her intention of severing her connection with the Crown; she would become an "independent sovereign republic" next August...

Author: /time Magazine | Title: CONFERENCES: The Grin Without the Cat | 5/9/1949 | See Source »

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