Word: icc
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...Interclub Committee (ICC) issued a statement that read: "The ICC recognizes the right of every club to be selective. Selectivity implies the right of a club to impose a religious quota, if it so desires." But this is no longer the case, everyone at Princeton will tell...
...Princeton is insurmountable. Besides its control over the administration, the alumni directly run all the clubs. Any decision a club makes must be ratified by its graduate board, the old men who keep the club solvent. The chairman of each club grad board is a member of the Grad ICC, and that organization can singlehandedly do whatever it wants to the clubs without University or undergraduate interference...
Some blame for the stall rests with the archaic ICC, despite its unanimous backing of the Penn Central. The commission made a basic mistake by taking up the eastern mergers piecemeal instead of together. This made it possible -and probable-that every other railroad would commence to scramble for position. There are indications, however, that even the hoary ICC is changing. Last month Commissioner William H. Tucker, 43, a onetime paratrooper who is not afraid to jump into railroad battles, moved into the chairman's job. Tucker has long argued against the case-by-case approach. "The public...
...delay, which will continue at least until spring because of the Supreme Court hearing, is the doing of other northeastern railroads that would be affected by the merger. The ICC, in unanimously approving the Penn Central, ordered it to continue doing business with smaller railroads and to indemnify them for losses because of the merger. Ultimately, all are likely to find a place in a second big merger between the Norfolk & Western and the C. & O.B. & O. But the smaller lines, notably the Delaware & Hudson, Erie-Lackawanna and Boston & Maine, have taken to the court their vigorous protest...
...central point of the court hearing, however, was what is to become of the Erie-Lackawanna, the Boston & Maine and the Delaware & Hudson. All of the Eastern railroads are more interested in maintaining freight revenues than in picking up passengers; the ICC, in approving the Pennsylvania and Central's request to merge, has ordered that the bigger line continue current freight interchanges with the smaller railroads in order to guarantee their revenues. The three small roads are destined to eventually end up in a second merger that will link them with the Norfolk & Western...