Word: manhattans
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Dates: during 1940-1949
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After the first shock wore off, screams were heard from as far away as London. Who did Louis think he was, anyway, dictating his own successor? The loudest screams came from Promoter Mike Jacobs, semi-retired boss of Manhattan's 20th Century Sporting Club: "I never thought he would do this to me . . . I'm getting back in harness in two weeks. We ain't conceding nothing." It was clear to him that Promoter Joe had declared war on Promoter Mike, the man who masterminded all of Louis' championship fights...
...partners met again at Norris' home in Coral Gables, Fla. and came to a gentlemen's agreement. Despite Mike Jacobs' brave words and innate wariness, it looked like Wirtz & Co. had stolen a long lead. After nearly 35 years, control of heavyweight boxing might shift from Manhattan to the Midwest and there might be heavyweight title fights in Cleveland and Chicago for a change. But nobody knew how long it would be before the New York State Boxing Commission and the rest of the U.S. agreed on the next world champion...
...long-suffering commuters who ride in & out of Manhattan on the dependably undependable Long Island Rail Road, the line is the target of countless bitter jokes-many founded on fact. In their time, the Long Island's trains have been delayed by stray dogs, wet leaves on the tracks, and sea gulls short-circuiting transformers. Its trains sometimes take the wrong switch and "get lost." Last week the comedy was taken to court. The Long Island's officers marched into Brooklyn's Federal Court and declared the road bankrupt, the first U.S. Class 1 railroad...
When it lost money in the next six years, its passengers darkly suspected the Pennsy of milking its stepchild by overcharging for the use of its Manhattan terminal and East River tunnels. In 1940, the Interstate Commerce Commission found some truth in this. It made the Pennsy kick back $5.6 million of these charges to the Long Island, and make a new contract that trimmed a million a year off the rents...
Antitrust. Monopolists were having a rough time. In a Cleveland federal court, Timken Roller Bearing Co. was convicted of conspiring with its British and French affiliates to fix world prices of roller bearings and restrict competition. In Manhattan, E.I. du Pont de Nemours & Co., National Lead Co. and three individuals were fined a total of $43,000 (the maximum) for operating a worldwide cartel in titanium pigments. The companies were already under court order to license titanium production at a reasonable royalty...