Word: killion
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...week, he had every legal reason to believe that the U.S. Government would give him back the $68 million company that once carried his name. He had fought his case up to the U.S. Supreme Court, had won (TIME, Nov. 27). But Dollar got a surprise. President George L. Killion refused to turn the company over...
...Killion was only following orders of the Department of Justice, which was out to balk Dollar's court victory. The Maritime Commission had hauled the line off the rocks in 1938 by assuming $9.5 million of its debts. Now that the company was earning $3.2 million a year, the U.S. wanted to keep it. To justify its action, the U.S. hauled out a moth-eaten precedent established in 1882.* Ruled the Department: Dollar's suits had been directed against members of the Maritime Commission and other Government officials as private individuals, did not affect the Government...
...first round in federal district court in Washington, which ruled that Dollar had sold his company. So the commission confidently continued to build up the line, acquired virtually a new fleet of ships, including two 23,515-ton passenger liners, the President Cleveland and President Wilson. Under President George Killion, onetime chain-store executive and former treasurer of the Democratic Party, the line's operations were streamlined and costs cut. Last year's profit after taxes...