Search Details

Word: fellrath (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
Sort By: most recent first (reverse)


Usage:

...most people, life in a grain elevator might seem a dusty, monotonous existence with little or no future at all. But Houston's William Fellrath made a career of it. He joined the city's grain elevator as assistant superintendent when it started operations in 1926, became the $9,000-3-year elevator superintendent in 1941. In Washington last week, the Senate Agriculture Committee heard just how good life in a grain elevator...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

...years, testified an Agriculture Department investigator, Fellrath had collected $100,000 from Fort Worth's Transit Grain Co. for blending about a million bushels of cheap Canadian wheat, officially graded as "unfit for human consumption," with high-grade U.S. wheat. Transit Grain exported its low-grade wheat at an estimated profit of some $500,000; the U.S. paid part of the bill by making up the difference between the domestic wheat price and that called for under the International Wheat Agreement. In addition, said the Agriculture investigator, Transit Grain paid about $15,000 to two of Fell-rath...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

News of the latest grain scandal first leaked out last month, when Houston's port commission fired Manager Fellrath and his assistants; CCC's Cunningham promptly resigned, and New Orleans...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

Manager Winters was also fired. But when the Houston port commission's wrath fell on Fellrath, he protested that he had done no wrong. Actually, he said, he had received $140,899 for his labors - not $100,000. "Whether I did or didn't make any money makes no difference. I reported every dime I made to the Internal Revenue Bureau ... If someone wanted so many bushels of No. 2 wheat shipped out, it was my job to meet the minimum specifications and no more. I used Canadian wheat as filler [and] the Houston Merchants' Exchange checked...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

| 1 |