Word: perlman
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Dates: during 1950-1959
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...Million Loss. The New York Central's President Alfred E. Perlman testified that his road has lost $500 million in passenger service since 1946, largely because a "chaos of regulation" by both Federal Government and states prevents the road from raising rates or cutting out little-used and unprofitable routes. To dramatize his point, Perlman reported that a three-year-old request by the Central to cut rail and ferry service across the Hudson River into Manhattan is still pending, despite the fact that the railroad has lost $3,000,000 a year on the line during the period...
...York Central also wants to cut its passenger runs. "If we could eliminate our passenger trains now," said President Alfred E. Perlman last week, "our net income would be $80 million a year higher...
...Government or even many of their own officers, the Pennsylvania Railroad and the New York Central-the nation's two biggest railroads-announced that they are considering a merger that would be the biggest corporate marriage ever. Said Pennsy President James M. Symes and Central President Alfred E. Perlman: "Preliminary studies and discussions indicate that substantial benefits to all concerned may result from such a merger...
Peculiar Problems. But despite such impressive foundations, both roads are in serious trouble. Both have been hard hit by rising costs, declining revenues, and the heavy inroads of competition from trucks, airplanes and buses. In addition to competing with "subsidized" forms of transportation, said Symes and Perlman, their roads have suffered from "long delayed and inadequate rate increases, refusal to permit abandoning of unprofitable and unpatronized trains and facilities, inadequate payment for carrying mail, discriminatory excise taxes, excessive state and local taxes, unfair assessments for highway crossings, and other artificial burdens...
Aisner, former counsul and treasurer of the Times-Republican, was opposed by the Harvard delegation including HYRC President Norman William Smith '58 and the Radcliffe delegate, Ellen Fitzpatrick '59. Aisner was supported among others by John R. Thompson '57, Donald P. Hodel '57, Donald Perlman '57, Thomas P. Stalker '58, and the Wellsley delegation...