Word: perlman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...York Central's President Alfred Edward Perlman warned that the line was ready to cut off all commuter service into Manhattan, close the famed Grand Central Terminal and terminate all routes 43 railroad miles away at Harmon, N.Y. unless the state and its cities "help" the line overcome its overall $1,000,000-per-week passenger loss. If the Central should move out, New York City would lose its third biggest (after Consolidated Edison and New York Telephone Co.) taxpayer ($16 million last year). To keep it, the city last week followed one Perlman suggestion, started a study...
Young made a clean sweep of Central's board (including such "goddam bankers" as two descendants of Commodore Cornelius Vanderbilt and the head of J. P. Morgan & Co.), brought in Alfred E. Perlman from the Denver & Rio Grande to run the road. The Central was one of the most heavily mortgaged U.S. roads and in terms of its heavy and unprofitable passenger traffic one of the least desirable. But Young talked as if his mere presence would banish trouble and nurture prosperity. For a while, it seemed as if Young would repeat the success he had with the coal...
...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...
...loss; eliminate the 10% federal tax on passenger fares, passed during the war to discourage travel, and the 3% tax on freight; encourage railroad mergers; allow the roads to diversify more widely into other forms of transportation, such as trucks and planes. Said the Central's President Perlman: "If we fail to convince you of the desperate need to act now, if you fail to act, the nation's railroads will go downhill ever faster, dying of starvation...
...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...