Word: killion
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Good Mixture. As American President's new skipper, Davies plans no radical change of course. He will keep the line's President George Killion, under whom the company turned a profit of $3,200,000 last year. But Davies thinks American President has a still brighter future, hopes to mix his oil and water businesses together. His oil company has six tankers, now chartered out to other companies, which American President may well take over. If & when his Middle East oil concession starts producing, it will have a potential customer in American President, which uses 15,000 barrels...
Audience reaction was immediate and mixed. Booing students quickly organized into a small parade which, however, soon disbanded. A few minutes later, students set off a sodium bomb behind the home of M.I.T.'s President James R. Killion. The majority of the crowd, however, went back to the books...
...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...
Snorted Stanley Dollar: "The rankest pettifogging I ever saw . . ." He filed suit in federal district court, charging President Killion & Co. with contempt of court, and it looked as if the fight would go on for months...