Word: icc
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Dates: during 1950-1959
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Without once making specific criticisms of what had been written or charging factual inaccuracies, the ICC banned the press from all further Bicker events and information. Every one of Bicker's key decisions was made in personal anonymity and behind closed doors. The demands of the newspaper for an account of what was going on were flatly rejected, and the all-powerful ICC opperated throughout without being responsible to anyone, least of all to either the administration or the student body of the Princeton community...
...fell under the jurisdiction of the Securities and Exchange Commission rather than the Interstate Commerce Commission, which approved the issue. When the Supreme Court reversed this ruling, the lower court held that Alleghany had illegally acquired control of the New York Central in 1954 because it did not get ICC approval. The court ruled that ICC would have to settle that matter before it could properly approve the new issue. The Supreme Court last week decided that the question of Central's acquisition was irrelevant, ordered the lower court to rule on the stock issue alone. Since the district...
TRAIN PASSENGERS in the East will start paying 5% more for tickets forthwith. ICC granted boosts to eleven Eastern roads (including the Pennsylvania and New York Central), raised coach fares from 3.7? per mile to 3.9? (v. airlines' 5.3?per mile on U.S. flights...
...eleven-member Interstate Commerce Commission struck the hot-cargo weapon out of Hoffa & Co.'s hands. Ruling on a case in which nine trucking companies operating out of Oklahoma City had obeyed hot-cargo clauses in refusing to handle goods transported by a nonunion Texas trucker, ICC firmly declared that licensed "common carriers" operate under a "statutory obligation to serve the public" without discrimination-and that this "absolute" obligation cannot be set aside by any labor contract...
...damned attitude in trying to cut passenger traffic. The New York Public Service Commission reported last week that the New York Central had deliberately left trains out of a timetable, presumably to discourage patronage. And though passenger traffic losses are accurately recorded under the bookkeeping system approved by the ICC, many experts quarrel with the system. They argue that losses are actually far less, simply because the passenger business, only 7% of overall rail business, carries too big a share of overall costs...