Word: peres
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...Laurence Duggan, 41, former chief of the State Department's Division of the American Republics, had been chosen for the $15,000 job, not by his father but by a special committee (among the members: CBS Vice President Edward R. Murrow, Barnard's Dean Virginia Gildersleeve). Duggan pere attended the meetings as secretary, was chosen to notify his successor. Larry was afraid his father had railroaded his appointment. Said he: "Dad, I'd rather hear about it from someone else...
Rambunctious Robert Ralph Young and the stodgy Association of American Railroads had long been incompatible. Last week Bob Young finally packed up his three roads (Chesapeake & Ohio, Nickel Plate, Pere Marquette) and left A.A.R.'s house. As he left, he fired a Parthian shot: The A.A.R. "has encouraged . . . noncompetitive practices," thus also encouraged Federal antitrust action. It has fought to perpetuate discriminatory freight rates helpful to the Eastern, bank-run roads which dominate its affairs. "To squeeze the last dollar of revenue from obsolete equipment . . . technological development has been discouraged." To Young, wartime difficulties were not a sufficient excuse...
...afraid I cannot refute the statement about our trains, however, having jogged along to Chicago on our Pere Marquette museum pieces at various times...
...Bradley this spring for $50,000. Now, with her record winnings, Busher's tomboy days are numbered. Mayer hopes that she will get motherly after she is bred to his 18-year-old Australian stallion, Beau Pere, next year...
Fourth Best. What Robert Young had got from the Van Sweringens was: 1) the profit-fat Chesapeake & Ohio Railway; 2) through the Alleghany Corp., the controlling interest in three other roads which sprawl across the U.S. heartland-the New York, Chicago & St. Louis (Nickel Plate), the Pere Marquette, and the Wheeling and Lake Erie (see map). Last week, in Cleveland's Terminal Tower, the C & O's board of directors voted to merge all four railroads, make them one operating company...